Camden Property Trust (NYSE:CPT) Upgraded to Hold at StockNews.com

Camden Property Trust (NYSE:CPT - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Thursday.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus boosted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Evercore ISI upped their price objective on Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Truist Financial lifted their target price on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and boosted their target price for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Wells Fargo & Company decreased their price target on 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $127.61.

Camden Property Trust Trading Up 0.1 %

Shares of Camden Property Trust stock opened at $119.07 on Thursday. The stock has a market capitalization of $12.95 billion, a P/E ratio of 79.38, a price-to-earnings-growth 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 company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $116.69 and a 200 day simple moving average of $117.44.

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

Institutional Investors Weigh In On Camden Property Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB raised its holdings in Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock worth $11,339,000 after acquiring an additional 12,805 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock valued at $66,563,000 after buying an additional 51,097 shares in the last quarter. Franklin Resources Inc. increased its holdings in Camden Property Trust by 3.2% during the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock worth $23,174,000 after buying an additional 5,985 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in Camden Property Trust by 7.7% in the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust's stock valued at $271,000 after acquiring an additional 166 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new position in shares of Camden Property Trust during the 4th quarter worth about $821,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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.

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