Camden Property Trust (NYSE:CPT – Get Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.
Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a research report on Thursday, February 22nd. They issued a “buy” rating and a $112.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $103.00 target price on shares of Camden Property Trust in a research report on Monday, February 5th. UBS Group downgraded shares of Camden Property Trust from a “buy” rating to a “neutral” rating and cut their price target for the company from $127.00 to $94.00 in a report on Monday, November 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Camden Property Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $90.00 price target for the company. Finally, Truist Financial cut their price target on shares of Camden Property Trust from $122.00 to $121.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and an average target price of $104.12.
Read Our Latest Stock Analysis on CPT
Camden Property Trust Stock Performance
Shares of Camden Property Trust stock traded up $1.35 during trading on Friday, hitting $95.83. 885,477 shares of the stock were exchanged, compared to its average volume of 1,144,195. The stock’s fifty day moving average is $96.54 and its 200 day moving average is $96.29. The stock has a market cap of $10.25 billion, a PE ratio of 25.90, a P/E/G ratio of 3.46 and a beta of 0.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $117.84.
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 EPS for the quarter, topping the consensus estimate of $1.72 by $0.31. The business had revenue of $387.59 million during the quarter, compared to analyst estimates of $387.33 million. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 earnings per share. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.78 EPS for the current year.
Insider Buying and Selling
In related news, EVP William W. Sengelmann sold 6,493 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $98.21, for a total value of $637,677.53. Following the transaction, the executive vice president now owns 75,082 shares in the company, valued at $7,373,803.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Camden Property Trust news, CEO Richard J. Campo sold 38,336 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $98.22, for a total transaction of $3,765,361.92. Following the transaction, the chief executive officer now owns 267,132 shares in the company, valued at $26,237,705.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William W. Sengelmann sold 6,493 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $98.21, for a total value of $637,677.53. Following the transaction, the executive vice president now owns 75,082 shares in the company, valued at approximately $7,373,803.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,957 shares of company stock worth $5,495,920. Insiders own 1.80% of the company’s stock.
Institutional Investors Weigh In On Camden Property Trust
Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in Camden Property Trust in the fourth quarter worth $376,933,000. D1 Capital Partners L.P. lifted its position in Camden Property Trust by 653.2% in the second quarter. D1 Capital Partners L.P. now owns 2,737,156 shares of the real estate investment trust’s stock worth $297,994,000 after purchasing an additional 2,373,773 shares during the period. Centersquare Investment Management LLC lifted its position in Camden Property Trust by 2,517.6% in the fourth 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 during the period. JPMorgan Chase & Co. lifted its position in Camden Property Trust by 41.6% in the third quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after purchasing an additional 1,187,974 shares during the period. Finally, Long Pond Capital LP lifted its position in Camden Property Trust by 149.0% in 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 purchasing an additional 567,487 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.
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 58,634 apartment homes across the United States.
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