Camden Property Trust (NYSE:CPT) Stock Rating Lowered by StockNews.com

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

A number of other brokerages have also recently issued reports on CPT. Evercore ISI boosted their price objective on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Stifel Nicolaus upped 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. Wells Fargo & Company dropped their target price on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Mizuho decreased their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Finally, Citigroup upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $127.61.

Camden Property Trust Trading Up 1.0 %

Camden Property Trust stock opened at $114.98 on Wednesday. The stock has a 50-day simple moving average of $116.93 and a 200 day simple moving average of $117.46. The stock has a market capitalization of $12.51 billion, a P/E ratio of 76.65, a PEG ratio of 4.41 and a beta of 0.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. Camden Property Trust has a 52 week low of $98.19 and a 52 week high of $127.69.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The company had revenue of $390.57 million during the quarter, compared to analysts’ expectations of $388.47 million. During the same period last year, the firm posted $1.70 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. Analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Hedge Funds Weigh In On Camden Property Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. SMART Wealth LLC bought a new stake in shares of Camden Property Trust during the third quarter worth about $829,000. Nordea Investment Management AB grew its holdings in Camden Property Trust by 15.0% during the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after acquiring an additional 12,805 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Camden Property Trust by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock worth $66,563,000 after acquiring an additional 51,097 shares during the last quarter. Franklin Resources Inc. increased its position in Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after acquiring an additional 5,985 shares during the period. Finally, Atomi Financial Group Inc. raised its stake in shares of Camden Property Trust by 7.7% during the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust’s stock valued at $271,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 97.22% 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 58,250 apartment homes across the United States.