Camden Property Trust (NYSE:CPT) Earns Sell Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Camden Property Trust (NYSE:CPTGet Rating) in a research report issued on Thursday. The firm set a “sell” rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on CPT. Bank of America cut Camden Property Trust from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $132.00 to $121.00 in a report on Monday. The Goldman Sachs Group cut their price target on Camden Property Trust from $134.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, April 19th. Piper Sandler increased their price target on Camden Property Trust from $117.00 to $124.00 in a research note on Monday, May 1st. Royal Bank of Canada cut their price target on Camden Property Trust from $135.00 to $134.00 and set an “outperform” rating for the company in a research note on Wednesday, February 8th. Finally, Citigroup increased their price target on Camden Property Trust from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $133.07.

Camden Property Trust Stock Performance

Shares of CPT opened at $106.78 on Thursday. The business’s fifty day simple moving average is $105.85 and its two-hundred day simple moving average is $112.49. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.75. Camden Property Trust has a 12 month low of $97.74 and a 12 month high of $147.71. The company has a market cap of $11.40 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 3.36 and a beta of 0.79.

Insider Activity

In related news, CEO Richard J. Campo sold 5,337 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $110.35, for a total transaction of $588,937.95. Following the completion of the transaction, the chief executive officer now directly owns 246,799 shares in the company, valued at $27,234,269.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. CWM LLC raised its stake in Camden Property Trust by 7.9% during the 4th quarter. CWM LLC now owns 1,130 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 83 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Camden Property Trust by 3.4% in the third quarter. Park Avenue Securities LLC now owns 2,830 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 92 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Camden Property Trust by 57.0% in the fourth quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 94 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Camden Property Trust by 1.0% in the third quarter. Mercer Global Advisors Inc. ADV now owns 9,751 shares of the real estate investment trust’s stock valued at $1,165,000 after acquiring an additional 95 shares in the last quarter. Finally, Czech National Bank boosted its holdings in shares of Camden Property Trust by 0.8% in the fourth quarter. Czech National Bank now owns 12,475 shares of the real estate investment trust’s stock valued at $1,396,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 93.25% of the company’s stock.

Camden Property Trust Company Profile

(Get Rating)

Camden Property Trust operates as a real estate investment trust. The firm engages in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. It focus on investing in markets characterized by high-growth economic conditions, strong employment, and attractive quality of life.

See Also

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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