Camden Property Trust (NYSE:CPT) Cut to Sell at StockNews.com

StockNews.com cut shares of Camden Property Trust (NYSE:CPT) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

A number of other analysts also recently weighed in on the stock. Truist Financial increased their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 10th. Stifel Nicolaus increased their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Royal Bank of Canada boosted their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Citigroup raised Camden Property Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $125.00 to $138.00 in a report on Friday, March 28th. Finally, Wells Fargo & Company decreased their price objective on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and an average target price of $129.83.

Camden Property Trust Trading Up 1.6%

Shares of NYSE:CPT opened at $119.83 on Friday. Camden Property Trust has a 52-week low of $98.35 and a 52-week high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The company has a market cap of $12.80 billion, a P/E ratio of 79.89, a P/E/G ratio of 4.41 and a beta of 0.79. The stock’s 50-day moving average is $116.02 and its 200-day moving average is $117.40.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $388.47 million. During the same period in the previous year, the business posted $1.70 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Insider Buying and Selling at Camden Property Trust

In other news, CEO Richard J. Campo sold 5,572 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total transaction of $665,854.00. Following the completion of the sale, the chief executive officer now owns 289,720 shares of the company’s stock, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in Camden Property Trust by 16.8% in the first quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 89 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Camden Property Trust by 6.5% in the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 90 shares in the last quarter. Country Club Bank raised its holdings in shares of Camden Property Trust by 0.4% in the first quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust’s stock valued at $3,204,000 after buying an additional 92 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Camden Property Trust by 0.5% in the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust’s stock valued at $2,514,000 after buying an additional 93 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 98 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

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.