A report released today by Citigroup about Camden Property (NYSE:CPT) bumps down the target price to $84.00
- Updated: September 30, 2016
Just yesterday Camden Property (NYSE:CPT) traded -1.06% lower at $83.99. Camden Property’s 50-day moving average is $86.76 and its 200-day moving average is $85.15. The last stock price is down -1.45% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 638,670 shares of CPT traded hands, up from an average trading volume of 611,273
In a report released on Friday September 30, 2016 Citigroup reduced the stock price target of Camden Property (NYSE:CPT) from $88.00 to $84.00 reporting a possible upside of 0.00%.
Previously on 9/13/2016, UBS Securities released a statement about Camden Property (NYSE:CPT) reduced the target price from $85.00 to $81.00. At the time, this indicated a possible downside of -0.05%.
Recent Performance Chart
Camden Property has 52 week low of $67.27 and a 52 week high of $90.91 with a PE ratio of 12.96 and has a market capitalization of $0.
In addition to Citigroup reporting its stock price target, a total of 21 brokerages have issued a research note on the company. The average stock price target is $85.29 with 3 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 13 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On Camden Property (NYSE:CPT)
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 Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment. The Company owns interests in, operates, or is developing approximately 180 multifamily properties consisting of approximately 62,650 apartment homes across the United States. Of the over 180 properties, approximately eight properties are under construction. It also owns land holdings. Its 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. Its operating properties have over 200 apartment homes. Its properties include Camden Copper Square, Camden Montierra and Camden Ballantyne.
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