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

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

A number of other equities analysts have also recently commented on CPT. Morgan Stanley raised their price target on shares of Camden Property Trust from $95.00 to $98.00 and gave the stock an "equal weight" rating in a report on Monday, February 26th. Wedbush reaffirmed an "outperform" rating and set a $110.00 target price on shares of Camden Property Trust in a research note on Monday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $103.00 target price on shares of Camden Property Trust in a research note on Monday, February 5th. Piper Sandler reaffirmed an "underweight" rating and set a $90.00 target price on shares of Camden Property Trust in a research note on Tuesday, March 26th. Finally, Barclays lowered shares of Camden Property Trust from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $138.00 to $100.00 in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and a consensus target price of $104.29.

Camden Property Trust Price Performance

NYSE CPT traded down $0.60 on Tuesday, hitting $99.68. The stock had a trading volume of 949,739 shares, compared to its average volume of 1,095,763. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 3.74 and a beta of 0.83. The firm has a 50-day moving average of $97.51 and a 200-day moving average of $95.21.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.31. The firm had revenue of $387.59 million for the quarter, compared to analysts' expectations of $387.33 million. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $1.74 EPS. Equities analysts expect that Camden Property Trust will post 6.72 EPS for the current year.

Institutional Investors Weigh In On Camden Property Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPT. Lindbrook Capital LLC increased its position in Camden Property Trust by 90.4% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 132 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Camden Property Trust by 60.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust's stock worth $36,000 after buying an additional 144 shares during the last quarter. Tobam grew its position in shares of Camden Property Trust by 4,166.7% in the 4th quarter. Tobam now owns 384 shares of the real estate investment trust's stock worth $38,000 after buying an additional 375 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Camden Property Trust by 23.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust's stock worth $63,000 after buying an additional 119 shares during the last quarter. Finally, Quarry LP grew its position in shares of Camden Property Trust by 1,081.5% in the 4th quarter. Quarry LP now owns 638 shares of the real estate investment trust's stock worth $63,000 after buying an additional 584 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.