Camden Property Trust (NYSE:CPT) Rating Lowered to “Hold” at Stifel Nicolaus

Camden Property Trust (NYSE:CPT) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They currently have a $121.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $120.00. Stifel Nicolaus’ target price points to a potential upside of 0.53% from the company’s previous close.

Other research analysts also recently issued reports about the company. BNP Paribas started coverage on Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on shares of Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $104.00 to $127.00 in a research note on Monday, August 26th. Piper Sandler raised their target price on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, The Goldman Sachs Group began coverage on shares of Camden Property Trust in a report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 target price on the stock. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Camden Property Trust has an average rating of “Hold” and a consensus price target of $122.50.

Camden Property Trust Trading Down 2.4 %

Shares of NYSE:CPT opened at $120.36 on Wednesday. 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 capitalization of $12.84 billion, a PE ratio of 38.09, a P/E/G ratio of 4.40 and a beta of 0.91. Camden Property Trust has a 1 year low of $86.50 and a 1 year high of $127.69. The firm has a fifty day moving average price of $121.15 and a 200 day moving average price of $114.64.

Hedge Funds Weigh In On Camden Property Trust

A number of hedge funds have recently modified their holdings of CPT. Envestnet Portfolio Solutions Inc. grew its position in Camden Property Trust by 11.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,087 shares of the real estate investment trust’s stock valued at $894,000 after acquiring an additional 940 shares during the period. US Bancorp DE increased its position in shares of Camden Property Trust by 6.1% during the 1st quarter. US Bancorp DE now owns 6,859 shares of the real estate investment trust’s stock worth $675,000 after purchasing an additional 393 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Camden Property Trust by 9.3% during the 1st quarter. ProShare Advisors LLC now owns 31,203 shares of the real estate investment trust’s stock valued at $3,070,000 after purchasing an additional 2,643 shares during the last quarter. William Blair Investment Management LLC boosted its position in Camden Property Trust by 3.8% in the first quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock valued at $295,000 after buying an additional 109 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Camden Property Trust in the first quarter valued at about $983,000. 97.22% of the stock is 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.