Camden Property Trust (NYSE:CPT – Get Free Report) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
Several other equities research analysts have also issued reports on CPT. Wedbush began coverage on Camden Property Trust in a report on Tuesday, October 3rd. They set an “outperform” rating and a $110.00 price target for the company. Truist Financial dropped their price target on Camden Property Trust from $132.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, November 29th. BMO Capital Markets restated a “market perform” rating and set a $100.00 price objective on shares of Camden Property Trust in a research report on Friday, December 15th. Piper Sandler cut Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $126.00 to $80.00 in a research report on Tuesday, October 31st. Finally, Morgan Stanley started coverage on Camden Property Trust in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $95.00 price target on the stock. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $108.38.
View Our Latest Report on Camden Property Trust
Camden Property Trust Stock Performance
Shares of NYSE CPT opened at $99.22 on Tuesday. Camden Property Trust has a one year low of $82.81 and a one year high of $127.60. The firm has a market capitalization of $10.59 billion, a PE ratio of 47.47, a PEG ratio of 3.80 and a beta of 0.86. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $94.14 and a two-hundred day moving average price of $99.52.
Insiders Place Their Bets
In other Camden Property Trust news, CFO Alexander J. Jessett sold 9,803 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $98.21, for a total value of $962,752.63. Following the completion of the sale, the chief financial officer now directly owns 114,893 shares in the company, valued at $11,283,641.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Camden Property Trust news, CFO Alexander J. Jessett sold 9,803 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $98.21, for a total value of $962,752.63. Following the completion of the sale, the chief financial officer now directly owns 114,893 shares in the company, valued at $11,283,641.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Heather J. Brunner sold 1,325 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $98.21, for a total value of $130,128.25. Following the completion of the sale, the director now owns 10,230 shares of the company’s stock, valued at $1,004,688.30. The disclosure for this sale can be found here. Insiders sold 55,957 shares of company stock worth $5,495,920 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Impact Partnership Wealth LLC acquired a new position in shares of Camden Property Trust during the second quarter worth about $26,000. Bessemer Group Inc. boosted its position in shares of Camden Property Trust by 57.0% during the fourth quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 94 shares during the period. V Square Quantitative Management LLC acquired a new position in Camden Property Trust during the second quarter valued at approximately $33,000. Parallel Advisors LLC boosted its position in Camden Property Trust by 135.2% during the second quarter. Parallel Advisors LLC now owns 334 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 192 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Camden Property Trust by 60.8% during the third quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 144 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.
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 58,961 apartment homes across the United States.
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