Camden Property Trust (NYSE:CPT) Downgraded to Sell Rating by StockNews.com

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

CPT has been the subject of several other research reports. Mizuho decreased their target price 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. Royal Bank of Canada raised their target price 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 target price on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Scotiabank increased their price target on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $126.53.

Camden Property Trust Stock Down 0.4 %

Camden Property Trust stock opened at $121.38 on Friday. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 80.92, a PEG ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The firm has a 50 day moving average price of $116.27 and a two-hundred day moving average price of $119.55.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Equities analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Insiders Place Their Bets

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of Camden Property Trust 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 sale, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard J. Campo sold 1,043 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $114,792.58. Following the transaction, the chief executive officer now directly owns 299,092 shares of the company’s stock, valued at $32,918,065.52. This represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,413 shares of company stock valued at $2,895,718. Insiders own 1.80% of the company’s stock.

Institutional Trading of Camden Property Trust

Large investors have recently bought and sold shares of the company. Federated Hermes Inc. increased its holdings in Camden Property Trust by 6.5% in the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock worth $170,000 after acquiring an additional 90 shares during the last quarter. UMB Bank n.a. boosted its position in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 98 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Camden Property Trust by 0.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust’s stock worth $2,102,000 after purchasing an additional 98 shares in the last quarter. First American Bank raised its position in shares of Camden Property Trust by 1.0% in the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock valued at $1,259,000 after purchasing an additional 104 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Camden Property Trust by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock valued at $499,000 after buying an additional 105 shares in the last quarter. 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.