Jefferies Financial Group Upgrades Camden Property Trust (NYSE:CPT) to “Buy”

Camden Property Trust (NYSE:CPT) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat reports. The firm presently has a $139.00 price target on the real estate investment trust’s stock, up from their prior price target of $117.00. Jefferies Financial Group’s price objective would indicate a potential upside of 15.37% from the stock’s previous close.

A number of other research analysts have also weighed in on CPT. Stifel Nicolaus increased their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. Evercore ISI raised their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Mizuho decreased their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $127.19.

Camden Property Trust Stock Performance

CPT opened at $120.48 on Monday. The company has a market cap of $12.86 billion, a P/E ratio of 80.32, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. 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 firm’s 50-day moving average price is $116.54 and its 200-day moving average price is $119.56. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. As a group, equities analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Insider Activity at Camden Property Trust

In related news, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the sale, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard J. Campo sold 1,043 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $114,792.58. Following the completion of the sale, the chief executive officer now owns 299,092 shares of the company’s stock, valued at approximately $32,918,065.52. The trade was a 0.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Camden Property Trust

A number of institutional investors have recently added to or reduced their stakes in CPT. Federated Hermes Inc. increased its stake in shares of Camden Property Trust by 6.5% in the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock worth $170,000 after acquiring an additional 90 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 98 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Camden Property Trust by 0.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust’s stock worth $2,102,000 after purchasing an additional 98 shares during the last quarter. First American Bank raised its stake in Camden Property Trust by 1.0% during the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock worth $1,259,000 after purchasing an additional 104 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Camden Property Trust by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock worth $499,000 after purchasing an additional 105 shares during the period. 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 58,250 apartment homes across the United States.