Camden Property Trust (CPT) : 6 brokerage houses believe that Camden Property Trust (CPT) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Camden Property Trust (CPT). Zacks Investment Research suggests a Sell with a rank of 4. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 15 Wall Street Analysts endorse the stock as a Buy with a rating of 2.4.
Camden Property Trust (CPT) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $96 and the lowest price target forecast is $70. The average forecast of all the analysts is $84.8 and the expected standard deviation is $6.83.
Camden Property Trust (NYSE:CPT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $89.70 and $89.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $90.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $89.99, notching a gain of 0.17% for the day. The total traded volume was 588,565 . The stock had closed at $89.84 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Zelman, downgrades their rating on the shares of Camden Property Trust (NYSE:CPT). Zelman has a Sell rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 22, 2016. The company shares have rallied 16.86% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $89.97 and the one year low was seen on Nov 16, 2015. The 50-Day Moving Average price is $84.17 and the 200 Day Moving Average price is recorded at $79.95.
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. The Companies properties consist of mid-rise buildings or two and three story buildings in a landscaped setting and provide residents with various amenities common to multifamily rental properties. As of December 31, 2014, the Company owned interests in, operated or was developing 181 multifamily properties consisting of 63,163 apartment homes across the United States. The Companys properties include Camden Copper Square, Camden Montierra, Camden Sea Palms, Camden Tuscany, Camden Belleview Station, Camden Denver West, Camden Fallsgrove, Camden Summerfield, Camden Bay, Camden Brookwood and Camden Ballantyne, among others.