Camden Property Trust (NYSE:CPT) Stock Rating Upgraded by StockNews.com

Camden Property Trust (NYSE:CPT) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

A number of other brokerages have also issued reports on CPT. Barclays dropped their target price on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Scotiabank dropped their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Evercore ISI lifted their target price on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research report on Monday. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus lifted their price target on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $126.03.

Camden Property Trust Trading Up 0.6 %

NYSE:CPT opened at $119.11 on Wednesday. Camden Property Trust has a 12 month low of $91.95 and a 12 month high of $127.69. The firm has a market capitalization of $12.71 billion, a PE ratio of 79.41, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The business’s 50-day moving average is $115.30 and its two-hundred day moving average is $119.08.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%. Research analysts predict that Camden Property Trust will post 6.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Camden Property Trust

In other news, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the sale, the chief executive officer now owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, the director now directly owns 10,273 shares in the company, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock worth $2,895,718 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Camden Property Trust

Hedge funds have recently made changes to their positions in the business. National Pension Service bought a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $26,000. UMB Bank n.a. raised its holdings in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares during the last quarter. Quent Capital LLC raised its holdings in Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC bought a new stake in Camden Property Trust during the fourth quarter worth approximately $29,000. Finally, Neo Ivy Capital Management bought a new stake in Camden Property Trust during the third quarter worth approximately $38,000. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.