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

Camden Property Trust (NYSE:CPT) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

Other research analysts also recently issued research reports about the stock. UBS Group increased their price target on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. The Goldman Sachs Group initiated coverage on shares of Camden Property Trust in a report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price objective on the stock. Wells Fargo & Company raised shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $104.00 to $127.00 in a report on Monday, August 26th. JPMorgan Chase & Co. lifted their price objective on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Bank of America upgraded shares of Camden Property Trust from an “underperform” rating to a “buy” rating and boosted their target price for the company from $111.00 to $147.00 in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $121.76.

Camden Property Trust Trading Down 1.8 %

Shares of CPT stock opened at $113.73 on Friday. Camden Property Trust has a 52-week low of $85.30 and a 52-week high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market capitalization of $12.13 billion, a PE ratio of 31.24, a PEG ratio of 4.40 and a beta of 0.90. The stock has a fifty day simple moving average of $122.03 and a two-hundred day simple moving average of $113.23.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.27). Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. The company had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. During the same period last year, the company earned $1.70 EPS. On average, analysts predict that Camden Property Trust will post 6.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Camden Property Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Camden Property Trust by 16.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust’s stock valued at $18,831,000 after purchasing an additional 27,465 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Camden Property Trust by 3.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust’s stock valued at $15,781,000 after purchasing an additional 5,926 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Camden Property Trust by 59.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust’s stock valued at $1,853,000 after purchasing an additional 7,018 shares during the last quarter. Tidal Investments LLC increased its position in shares of Camden Property Trust by 34.1% in the 1st quarter. Tidal Investments LLC now owns 61,007 shares of the real estate investment trust’s stock valued at $5,992,000 after purchasing an additional 15,513 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its position in shares of Camden Property Trust by 45.3% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 44,646 shares of the real estate investment trust’s stock valued at $4,871,000 after buying an additional 13,912 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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.