Camden Property Trust (NYSE:CPT – Get Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.
Several other equities research analysts have also recently commented on CPT. Wells Fargo & Company began coverage on shares of Camden Property Trust in a research report on Wednesday, March 29th. They issued an “underweight” rating and a $102.00 price target on the stock. BMO Capital Markets raised Camden Property Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $125.00 to $126.00 in a research note on Tuesday. Truist Financial dropped their price target on Camden Property Trust from $131.00 to $127.00 in a research note on Wednesday, May 24th. Barclays dropped their price target on Camden Property Trust from $145.00 to $137.00 in a research note on Wednesday, May 31st. Finally, Wolfe Research cut Camden Property Trust from an “outperform” rating to a “peer perform” rating in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $128.13.
Camden Property Trust Price Performance
Shares of Camden Property Trust stock opened at $112.90 on Thursday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average price is $109.15 and its two-hundred day moving average price is $110.91. Camden Property Trust has a 52 week low of $97.74 and a 52 week high of $147.71. The stock has a market cap of $12.05 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 5.89 and a beta of 0.79.
Insider Transactions at Camden Property Trust
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CPT. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Camden Property Trust by 99,189.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,795,848 shares of the real estate investment trust’s stock valued at $413,254,000 after purchasing an additional 3,792,025 shares in the last quarter. Norges Bank acquired a new stake in Camden Property Trust in the 4th quarter valued at $333,911,000. Victory Capital Management Inc. boosted its stake in Camden Property Trust by 61.3% in the 4th quarter. Victory Capital Management Inc. now owns 2,498,385 shares of the real estate investment trust’s stock valued at $279,956,000 after buying an additional 949,063 shares in the last quarter. Long Pond Capital LP boosted its stake in Camden Property Trust by 149.0% in the 4th quarter. Long Pond Capital LP now owns 948,280 shares of the real estate investment trust’s stock valued at $106,094,000 after buying an additional 567,487 shares in the last quarter. Finally, State Street Corp boosted its stake in Camden Property Trust by 9.8% in the 1st quarter. State Street Corp now owns 6,066,515 shares of the real estate investment trust’s stock valued at $1,013,817,000 after buying an additional 540,683 shares in the last quarter. 94.42% 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 interests in and operates 172 properties containing 58,702 apartment homes across the United States.
Featured Stories
- Five stocks we like better than Camden Property Trust
- U.S. Bancorp Shares Rally As Analysts Get Bullish After Q2 Report
- AutoNation Beats Earnings Expectations, Stock Down?
- American Express Hiccups After Earnings, Time To Buy?
- ISRG Stock Sinks After Strong Earnings: Is the Growth Priced In?
- Winners And Losers In The Oilfield Supercycle
Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.
