Camden Property Trust (CPT) shares projected to rise by 51.62%

Camden Property Trust [CPT] stock is trading at $97.94, down -2.00%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CPT shares have gain 1.37% over the last week, with a monthly amount drifted -1.10%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Barclays downgraded its rating to Equal Weight on February 20, 2024, and dropped its price target to $100. On January 30, 2024, Deutsche Bank initiated with a Hold rating and assigned a price target of $90 on the stock. BMO Capital Markets downgraded its rating to a Market Perform but stick to its price target of $100 on December 15, 2023. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $95 as its price target on December 12, 2023. UBS downgraded its rating to Neutral for this stock on November 06, 2023, and downed its price target to $94. In a note dated October 31, 2023, Piper Sandler downgraded an Underweight rating on this stock and revised its target price from $126 to $80.

Camden Property Trust [CPT] stock has fluctuated between $82.40 and $112.90 over the past year. Currently, Wall Street analysts expect the stock to reach $148.5 within the next 12 months. Camden Property Trust [NYSE: CPT] shares were valued at $97.94 at the most recent close of the market. An investor can expect a potential return of 51.62% based on the average CPT price forecast.

Analyzing the CPT fundamentals

Camden Property Trust [NYSE:CPT] reported sales of 1.55B for the trailing twelve months, which represents a growth of 3.71%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 97.22 points at the first support level, and at 96.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.19, and for the 2nd resistance point, it is at 100.43.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 6.78, the price to book ratio is 2.27 and price to earnings (TTM) ratio is 26.51.

Transactions by insiders

Recent insider trading involved CAMPO RICHARD J, Chairman and CEO, that happened on Jan 04 ’24 when 38336.0 shares were sold. EVP – Finance & CFO, Jessett Alexander J. completed a deal on Jan 04 ’24 to sell 9803.0 shares. Meanwhile, EVP – Real Estate Investments Sengelmann William W. sold 6493.0 shares on Jan 04 ’24.

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