Barclays Lowers Camden Property Trust (NYSE:CPT) Price Target to $126.00

Camden Property Trust (NYSE:CPT) had its price objective dropped by Barclays from $138.00 to $126.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price objective would indicate a potential upside of 14.58% from the stock’s current price.

A number of other brokerages have also issued reports on CPT. Stifel Nicolaus lowered Camden Property Trust from a “buy” rating to a “hold” rating and lifted their price target for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Scotiabank lowered their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 target price for the company. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $121.00 price objective on shares of Camden Property Trust in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $125.75.

Camden Property Trust Trading Down 0.9 %

CPT stock opened at $109.96 on Friday. Camden Property Trust has a 12-month low of $90.50 and a 12-month high of $127.69. The business’s 50-day moving average is $117.72 and its 200 day moving average is $118.67. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 4.03 and a beta of 0.94.

Insider Activity at Camden Property Trust

In other news, Director Heather J. Brunner sold 264 shares of the company’s 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 transaction, the director now directly owns 10,273 shares in the company, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the 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 transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at $34,365,457.50. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,413 shares of company stock worth $2,895,718. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently modified their holdings of CPT. Caprock Group LLC purchased a new position in Camden Property Trust during the 4th quarter valued at about $444,000. First Affirmative Financial Network lifted its position in shares of Camden Property Trust by 12.5% during the fourth quarter. First Affirmative Financial Network now owns 2,138 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 238 shares in the last quarter. Highland Capital Management LLC boosted its stake in shares of Camden Property Trust by 123.1% in the fourth quarter. Highland Capital Management LLC now owns 14,922 shares of the real estate investment trust’s stock valued at $1,732,000 after purchasing an additional 8,235 shares during the period. Forsta AP Fonden grew its holdings in shares of Camden Property Trust by 87.2% in the fourth quarter. Forsta AP Fonden now owns 35,200 shares of the real estate investment trust’s stock valued at $4,085,000 after purchasing an additional 16,400 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Camden Property Trust by 12.7% during the 4th quarter. Pacer Advisors Inc. now owns 9,025 shares of the real estate investment trust’s stock worth $1,047,000 after buying an additional 1,014 shares during the period. 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.