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BMO Capital Markets disclosed Camden Property Trust (NYSE:CPT), stepping up its target to $83.00 earlier today

BMO Capital Markets upped the price target of Camden Property Trust (NYSE:CPT) to $83.00 indicating a possible upside of 0.00%.

Yesterday Camden Property Trust (NYSE:CPT) traded -0.43% lower at $82.94. The company’s 50-day moving average is $91.65 and its 200-day moving average is $86.41. The last stock close price is down 5.38% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 677,826 shares of the stock were exchanged, down from an average trading volume of 702,088

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Camden Property Trust (NYSE:CPT)

Camden Property Trust has 52 week low of $75.36 and a 52 week high of $96.39 with a PE ratio of 20.37 and has a market capitalization of $0.

In addition to BMO Capital Markets reporting its stock price target, a total of 21 brokerages have issued a ratings update 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 Trust (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. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States. The Company also owns land holdings, which it may develop into multifamily communities. The Company's properties consist of mid-rise buildings or two and three story buildings in a landscaped setting and provide residents with a range of amenities common to multifamily rental properties. The 152 operating properties in which the Company owned interests and operated, as of December 31, 2016, averaged 953 square feet of living area per apartment home. As of December 31, 2016, 137 of its operating properties had over 200 apartment homes.

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