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

StockNews.com downgraded shares of Camden Property Trust (NYSE:CPT - Free Report) from a hold rating to a sell rating in a research report sent to investors on Friday.

Other equities analysts have also recently issued reports about the stock. Barclays upped their price objective on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Wells Fargo & Company decreased their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Stifel Nicolaus upped their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Friday, February 7th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and upped their price target for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Royal Bank of Canada upped their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $129.94.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $115.54 on Friday. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 77.03, a PEG ratio of 4.41 and a beta of 0.79. 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 company has a 50-day simple moving average of $116.02 and a 200 day simple moving average of $117.44. Camden Property Trust has a 52 week low of $98.35 and a 52 week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. During the same quarter in the previous year, the firm posted $1.70 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Insider Transactions at Camden Property Trust

In related news, Director Steven A. Webster sold 1,200 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $118.76, for a total transaction of $142,512.00. Following the transaction, the director now directly owns 117,374 shares of the company's stock, valued at $13,939,336.24. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total transaction of $665,854.00. Following the transaction, the chief executive officer now directly owns 289,720 shares in the company, valued at approximately $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,907 shares of company stock worth $824,860 over the last three months. 1.80% of the stock is owned by company insiders.

Institutional Trading of Camden Property Trust

Large investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its holdings 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 buying an additional 98 shares during the last quarter. National Pension Service purchased a new position in shares of Camden Property Trust in the fourth quarter worth about $26,000. Quent Capital LLC increased its stake in shares of Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC purchased a new position in shares of Camden Property Trust in the fourth quarter worth about $29,000. Finally, Bellwether Advisors LLC purchased a new position in shares of Camden Property Trust in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

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.