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

Camden Property Trust (NYSE:CPT - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Wednesday.

A number of other analysts have also commented on CPT. Scotiabank dropped their price target on Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. Stifel Nicolaus raised their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Royal Bank of Canada boosted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Evercore ISI raised their price objective 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. Finally, Wells Fargo & Company reduced their target price 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. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $126.31.

Camden Property Trust Trading Down 0.0 %

CPT traded down $0.05 during trading on Wednesday, hitting $119.11. 604,305 shares of the stock traded hands, compared to its average volume of 792,537. The firm has a market capitalization of $12.71 billion, a P/E ratio of 79.41, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94. Camden Property Trust has a 12-month low of $92.26 and a 12-month high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a 50-day moving average of $115.19 and a 200 day moving average of $119.17.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted 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 3.32%. Equities research analysts anticipate that Camden Property Trust will post 6.8 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Richard J. Campo sold 7,324 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the transaction, the chief executive officer now directly owns 300,135 shares of the company's stock, valued at $34,365,457.50. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the sale, the director now directly owns 10,273 shares in the company, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock worth $2,895,718 over the last ninety days. Corporate insiders own 1.80% of the company's stock.

Institutional Trading of Camden Property Trust

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of Camden Property Trust by 20.4% in the 3rd quarter. CWM LLC now owns 2,541 shares of the real estate investment trust's stock valued at $314,000 after purchasing an additional 430 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Camden Property Trust by 1,538.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,065 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 1,000 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Camden Property Trust by 37.3% in the third quarter. Exchange Traded Concepts LLC now owns 1,938 shares of the real estate investment trust's stock valued at $239,000 after purchasing an additional 526 shares during the last quarter. Creative Planning raised its holdings in Camden Property Trust by 5.3% during the third quarter. Creative Planning now owns 9,012 shares of the real estate investment trust's stock worth $1,113,000 after purchasing an additional 453 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Camden Property Trust during the 3rd quarter worth approximately $372,000. Institutional investors and hedge funds 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.