Camden Property Trust (NYSE:CPT) Cut to Hold at Stifel Nicolaus

Camden Property Trust (NYSE:CPT - Get Free Report) was downgraded by investment analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They currently have a $121.00 price objective on the real estate investment trust's stock, up from their prior price objective of $120.00. Stifel Nicolaus' target price would suggest a potential downside of 1.31% from the company's previous close.

Other research analysts have also recently issued research reports about the company. Truist Financial increased their target price on Camden Property Trust from $122.00 to $133.00 and gave the company a "buy" rating in a research note on Monday, August 26th. UBS Group lifted their price target on Camden Property Trust from $109.00 to $117.00 and gave the stock a "neutral" rating in a research note on Thursday, July 18th. Wedbush increased their price target on shares of Camden Property Trust from $118.00 to $131.00 and gave the company an "outperform" rating in a report on Monday, August 5th. Evercore ISI lifted their price objective on Camden Property Trust from $116.00 to $118.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. boosted their target price on Camden Property Trust from $112.00 to $129.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $122.61.

Camden Property Trust Price Performance

Shares of CPT traded up $1.81 during trading hours on Wednesday, reaching $122.61. 469,725 shares of the company's stock traded hands, compared to its average volume of 988,970. Camden Property Trust has a 12 month low of $86.50 and a 12 month high of $127.69. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The stock has a market cap of $13.08 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 4.40 and a beta of 0.91. The firm's 50 day simple moving average is $121.27 and its 200-day simple moving average is $114.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Camden Property Trust by 14.5% during the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust's stock valued at $407,324,000 after acquiring an additional 416,701 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Camden Property Trust by 2.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 107,361 shares of the real estate investment trust's stock valued at $13,262,000 after purchasing an additional 2,590 shares during the last quarter. Bedell Frazier Investment Counselling LLC purchased a new stake in Camden Property Trust in the 3rd quarter worth about $4,757,000. Harvest Fund Management Co. Ltd purchased a new stake in Camden Property Trust in the 3rd quarter worth about $192,000. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Camden Property Trust by 0.6% in the third quarter. Daiwa Securities Group Inc. now owns 417,529 shares of the real estate investment trust's stock worth $51,577,000 after buying an additional 2,579 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.