Camden Property Trust was Upgraded to a Buy Rating at BMO Capital

By Austin Angelo

In a report released today, John Kim from BMO Capital upgraded Camden Property Trust (NYSE: CPT) to Buy. The company’s shares closed yesterday at $83.60.

According to TipRanks.com, Kim is a 3-star analyst with an average return of 3.0% and a 52.1% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Forest City Realty Trust, Inc., and Retail Opportunity Investments.

Currently, the analyst consensus on Camden Property Trust is Strong Buy and the average price target is $90, representing a 7.7% upside.

In a report issued on May 18, Evercore ISI also upgraded the stock to Buy with a $90 price target.

The company has a one year high of $87.73 and a one year low of $75.36. Currently, Camden Property Trust has an average volume of 536.8K.

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Camden Property Trust operates as a real estate investment trust, which engages in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. It focuses on maintaining a geographically diverse portfolio of apartment homes located across the U.S. The company was founded by Richard J. Campo and D. Keith Oden on May 25, 1993 and is headquartered in Houston, TX.