Camden Property Trust (NYSE:CPT) Downgraded by StockNews.com to "Sell"

Camden Property Trust (NYSE:CPT - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also issued research reports about the company. Scotiabank lifted their target price on 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. Royal Bank of Canada boosted their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Evercore ISI increased their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Wells Fargo & Company lowered their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Finally, Barclays increased their price objective on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $127.19.

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Camden Property Trust Stock Down 1.3 %

CPT stock traded down $1.55 during mid-day trading on Friday, hitting $120.48. 829,275 shares of the company were exchanged, compared to its average volume of 867,818. 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 1-year low of $94.75 and a 1-year high of $127.69. The firm's 50 day simple moving average is $116.54 and its 200 day simple moving average is $119.56. The firm has a market cap of $12.86 billion, a P/E ratio of 80.32, a P/E/G ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. On average, sell-side analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, CFO Alexander J. Jessett sold 1,862 shares of the business's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $204,931.72. Following the completion of the transaction, the chief financial officer now owns 122,384 shares of the company's stock, valued at approximately $13,469,583.04. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the sale, the chief executive officer now owns 300,135 shares in the company, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. UMB Bank n.a. grew 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 acquiring an additional 98 shares during the last quarter. National Pension Service bought a new stake in shares of Camden Property Trust during the fourth quarter worth about $26,000. Quent Capital LLC grew its holdings in shares of Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC acquired a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $29,000. Finally, Bellwether Advisors LLC bought a new position in Camden Property Trust in the 4th quarter valued at approximately $31,000. 97.22% of the stock is currently 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.