Camden Property Trust (NYSE:CPT) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of Camden Property Trust (NYSE:CPT - Free Report) from a hold rating to a sell rating in a research note released on Saturday.

Other equities research analysts have also issued reports about the stock. Barclays increased their target price on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Stifel Nicolaus raised their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Wells Fargo & Company dropped their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and raised their price objective for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Finally, Scotiabank raised their target price on shares of Camden Property Trust from $135.00 to $144.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Camden Property Trust presently has a consensus rating of "Hold" and an average price target of $129.78.

Camden Property Trust Price Performance

Shares of CPT traded up $1.26 during mid-day trading on Friday, hitting $116.85. 790,120 shares of the company traded hands, compared to its average volume of 919,935. Camden Property Trust has a one year low of $100.06 and a one year high of $127.69. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average of $115.37 and a 200 day moving average of $117.26. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 77.90, a PEG ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, beating the consensus estimate of $1.68 by $0.04. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The business had revenue of $390.57 million for the quarter, compared to analysts' expectations of $388.47 million. During the same period in the prior year, the firm earned $1.70 earnings per share. Camden Property Trust's revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the sale, the director now owns 117,374 shares in the company, valued at $13,939,336.24. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total transaction of $665,854.00. Following the completion of the sale, the chief executive officer now owns 289,720 shares of the company's stock, valued at $34,621,540. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,907 shares of company stock valued at $824,860. Company insiders own 1.80% of the company's stock.

Institutional Trading of Camden Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new position in shares of Camden Property Trust in the 1st quarter valued at approximately $16,742,000. Turn8 Private Wealth Inc. raised its position in shares of Camden Property Trust by 3.5% in the 1st quarter. Turn8 Private Wealth Inc. now owns 24,125 shares of the real estate investment trust's stock valued at $2,950,000 after buying an additional 817 shares in the last quarter. Focus Partners Wealth raised its position in shares of Camden Property Trust by 2.4% in the 1st quarter. Focus Partners Wealth now owns 7,573 shares of the real estate investment trust's stock valued at $926,000 after buying an additional 175 shares in the last quarter. Bayforest Capital Ltd raised its position in shares of Camden Property Trust by 114.0% in the 1st quarter. Bayforest Capital Ltd now owns 5,737 shares of the real estate investment trust's stock valued at $702,000 after buying an additional 3,056 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Camden Property Trust by 8.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,051,377 shares of the real estate investment trust's stock valued at $128,583,000 after buying an additional 79,265 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

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.