Camden Property Trust (NYSE:CPT) Rating Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of Camden Property Trust (NYSE:CPT) from a hold rating to a sell rating in a research report released on Friday morning.

A number of other analysts have also recently commented on CPT. Jefferies Financial Group raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. Evercore ISI boosted their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Truist Financial boosted their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Finally, Stifel Nicolaus boosted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $129.83.

Camden Property Trust Trading Up 1.6%

CPT stock opened at $119.83 on Friday. The company’s 50-day simple moving average is $116.02 and its 200-day simple moving average is $117.39. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 52-week low of $98.35 and a 52-week high of $127.69. The firm has a market cap of $12.80 billion, a P/E ratio of 79.89, a PEG ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The business had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. During the same period in the prior year, the company posted $1.70 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Insider Activity

In other news, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total value of $665,854.00. Following the completion of the sale, the chief executive officer now owns 289,720 shares of the company’s stock, valued at $34,621,540. This represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Camden Property Trust

Hedge funds have recently made changes to their positions in the company. National Pension Service purchased a new stake in shares of Camden Property Trust in the 4th quarter valued at approximately $26,000. UMB Bank n.a. lifted its holdings in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 98 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 114 shares during the last quarter. IAG Wealth Partners LLC acquired a new position in shares of Camden Property Trust in the 4th quarter worth approximately $29,000. Finally, Bellwether Advisors LLC acquired a new position in shares of Camden Property Trust in the 4th quarter worth approximately $31,000. Hedge funds and other 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.