Barclays Has Lowered Expectations for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price objective cut by equities researchers at Barclays from $138.00 to $126.00 in a research 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 indicates a potential upside of 13.90% from the stock’s previous close.

A number of other equities analysts have also commented on CPT. 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 report on Monday, January 6th. Scotiabank cut their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Finally, Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and boosted their price objective for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and an average target price of $125.36.

Camden Property Trust Price Performance

CPT opened at $110.62 on Friday. The firm has a 50-day moving average price of $117.32 and a 200-day moving average price of $118.70. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 35.01, a PEG ratio of 4.03 and a beta of 0.94.

Insider Buying and Selling

In related news, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction dated 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 owns 10,273 shares in the company, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,413 shares of company stock worth $2,895,718 in the last 90 days. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently modified their holdings of CPT. UMB Bank n.a. boosted its stake 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 purchasing an additional 98 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Camden Property Trust by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after buying an additional 113 shares during the last quarter. Doliver Advisors LP increased its holdings in Camden Property Trust by 6.7% in the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 113 shares in the last quarter. American Capital Advisory LLC raised its position in Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 128 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Camden Property Trust by 0.5% during the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after acquiring an additional 146 shares during the period. 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.