In a report released today, David Toti from Colliers Securities reiterated a Buy rating on Camden Property (CPT – Research Report), with a price target of $154.00. The company’s shares closed last Friday at $114.98.
According to TipRanks, Toti is an analyst with an average return of -4.8% and a 42.35% success rate. Toti covers the Financial sector, focusing on stocks such as Camden Property, AvalonBay, and Equity Lifestyle.
In addition to Colliers Securities, Camden Property also received a Buy from Stifel Nicolaus’s Simon Yarmak in a report issued on October 19. However, on October 27, BMO Capital maintained a Hold rating on Camden Property (NYSE: CPT).
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Based on Camden Property’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $361.72 million and a net profit of $497.32 million. In comparison, last year the company earned a revenue of $276.52 million and had a net profit of $30.18 million
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPT in relation to earlier this year.
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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 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.
Read More on CPT:
- As Home Sales Plummet, These Apartment Stocks Could Make Money
- Camden Property estimates $1.0M in expenses related to Hurricane Ian
- Camden Property price target lowered to $152 from $175 at Stifel
- Camden Property price target lowered to $142 from $165 at Piper Sandler
- Camden Property says early reports indicate minor damage from Hurricane Ian
