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

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

A number of other research firms also recently weighed in on CPT. Truist Financial reiterated a "buy" rating and set a $113.00 price target (down previously from $121.00) on shares of Camden Property Trust in a research note on Wednesday, March 13th. BMO Capital Markets restated a "market perform" rating and set a $100.00 target price on shares of Camden Property Trust in a research report on Friday, December 15th. The Goldman Sachs Group began coverage on shares of Camden Property Trust in a research report on Thursday, February 22nd. They set a "buy" rating and a $112.00 target price for the company. Piper Sandler reaffirmed an "underweight" rating and issued a $90.00 target price on shares of Camden Property Trust in a research note on Tuesday, March 26th. Finally, Morgan Stanley lifted their price objective on Camden Property Trust from $95.00 to $98.00 and gave the company an "equal weight" rating in a report on Monday, February 26th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $104.24.

Camden Property Trust Stock Performance

CPT stock traded down $0.01 during trading on Thursday, reaching $95.87. 861,268 shares of the company's stock were exchanged, compared to its average volume of 1,150,458. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The firm has a market cap of $10.26 billion, a PE ratio of 25.91, a P/E/G ratio of 3.58 and a beta of 0.83. The company's fifty day moving average price is $96.22 and its 200-day moving average price is $95.01. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.31. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The business had revenue of $387.59 million for the quarter, compared to analyst estimates of $387.33 million. During the same quarter in the previous year, the business earned $1.74 earnings per share. The firm's revenue was up 3.1% compared to the same quarter last year. On average, research analysts expect that Camden Property Trust will post 6.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds have recently bought and sold shares of CPT. Norges Bank bought a new stake in Camden Property Trust during the fourth quarter valued at about $376,933,000. Centersquare Investment Management LLC lifted its stake in Camden Property Trust by 2,517.6% in the 4th quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust's stock worth $138,841,000 after purchasing an additional 1,344,923 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Camden Property Trust by 41.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust's stock valued at $382,575,000 after purchasing an additional 1,187,974 shares during the last quarter. Long Pond Capital LP boosted its stake in Camden Property Trust by 149.0% during the fourth quarter. Long Pond Capital LP now owns 948,280 shares of the real estate investment trust's stock worth $106,094,000 after buying an additional 567,487 shares during the period. Finally, State Street Corp grew its stake in shares of Camden Property Trust by 9.8% in the first quarter. State Street Corp now owns 6,066,515 shares of the real estate investment trust's stock valued at $1,013,817,000 after buying an additional 540,683 shares in the last quarter. 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 58,634 apartment homes across the United States.

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