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

Camden Property Trust (NYSE:CPT - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Friday.

Several other analysts have also recently commented on CPT. Truist Financial boosted their price target on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Evercore ISI upped their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Scotiabank raised their price target on shares of Camden Property Trust from $135.00 to $144.00 and gave the stock a "sector perform" rating in a research note on Monday. 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 for the company in a research note on Friday, January 24th. Finally, Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and increased their price objective for the company from $117.00 to $139.00 in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $129.83.

Camden Property Trust Stock Up 1.8%

Shares of CPT opened at $117.84 on Friday. The firm has a market cap of $12.59 billion, a P/E ratio of 78.56, a PEG ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 12 month low of $98.35 and a 12 month high of $127.69. The stock's 50 day moving average is $116.03 and its two-hundred day moving average is $117.37. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The firm had revenue of $390.57 million for the quarter, compared to analysts' expectations of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 EPS. Analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Camden Property Trust

In related news, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the sale, the chief executive officer now owns 289,720 shares in the company, valued at approximately $34,621,540. The trade was a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Camden Property Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Perbak Capital Partners LLP acquired a new position in shares of Camden Property Trust in the first quarter valued at approximately $682,000. Dark Forest Capital Management LP acquired a new position in shares of Camden Property Trust in the first quarter worth $7,768,000. First Manhattan CO. LLC. increased its position in shares of Camden Property Trust by 0.3% during the first quarter. First Manhattan CO. LLC. now owns 30,878 shares of the real estate investment trust's stock worth $3,809,000 after acquiring an additional 101 shares during the period. FJ Capital Management LLC acquired a new stake in shares of Camden Property Trust in the first quarter valued at $356,000. Finally, Carronade Capital Management LP boosted its holdings in Camden Property Trust by 18.8% in the first quarter. Carronade Capital Management LP now owns 86,462 shares of the real estate investment trust's stock valued at $10,574,000 after purchasing an additional 13,712 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

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.

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