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

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

A number of other equities research analysts also recently issued reports on the company. Royal Bank of Canada boosted their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Evercore ISI boosted their price target on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Mizuho cut their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Barclays boosted their price target on Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Camden Property Trust has an average rating of “Hold” and a consensus price target of $127.19.

Camden Property Trust Stock Performance

NYSE CPT traded down $0.58 during trading hours on Tuesday, hitting $119.55. The company’s stock had a trading volume of 632,594 shares, compared to its average volume of 857,189. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69. The company’s 50 day simple moving average is $117.06 and its two-hundred day simple moving average is $119.35. The company has a market cap of $12.76 billion, a P/E ratio of 79.70, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, sell-side analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Insider Buying and Selling

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 stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the sale, the director now directly owns 10,273 shares of the company’s stock, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the sale, the chief executive officer now directly owns 300,135 shares in the company, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,548 shares of company stock valued at $2,912,212. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Camden Property Trust

Several hedge funds have recently modified their holdings of CPT. National Pension Service purchased a new stake in Camden Property Trust during the 4th quarter valued at $26,000. UMB Bank n.a. raised its holdings in Camden Property Trust by 76.6% during the 4th 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 period. Quent Capital LLC raised its holdings in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 114 shares during the period. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust during the 4th quarter valued at $29,000. Finally, Bellwether Advisors LLC purchased a new stake in Camden Property Trust during the 4th quarter valued at $31,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

About Camden Property Trust

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.