StockNews.com Upgrades Camden Property Trust (NYSE:CPT) to “Hold”

Camden Property Trust (NYSE:CPT) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus raised their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Evercore ISI raised their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their target price for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Scotiabank raised their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. Finally, Barclays raised their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $127.19.

Camden Property Trust Trading Up 0.2 %

Shares of CPT opened at $119.82 on Tuesday. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. The company has a market cap of $12.79 billion, a P/E ratio of 79.88, a P/E/G ratio of 4.41 and a beta of 0.94. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $117.23 and its 200-day simple moving average is $119.36.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate 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, analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Insider Buying and Selling

In related news, CFO Alexander J. Jessett sold 1,862 shares of Camden Property Trust stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $204,931.72. Following the completion of the sale, the chief financial officer now directly owns 122,384 shares in the company, valued at $13,469,583.04. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the sale, the director now owns 10,537 shares of the company’s stock, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock worth $2,912,212 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Camden Property Trust

Large investors have recently made changes to their positions in the business. UMB Bank n.a. boosted its holdings in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares during the last quarter. National Pension Service purchased a new stake in shares of Camden Property Trust in the 4th quarter valued at $26,000. Quent Capital LLC boosted its holdings in shares of Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 114 shares during the last quarter. IAG Wealth Partners LLC purchased a new stake in shares of Camden Property Trust in the 4th quarter valued at $29,000. Finally, Bellwether Advisors LLC purchased a new stake in shares of Camden Property Trust in the 4th quarter valued at $31,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

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 58,250 apartment homes across the United States.