Camden Property Trust (NYSE:CPT) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Camden Property Trust (NYSE:CPT – Get Rating) in a research note issued on Thursday. The firm set a “sell” rating on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on CPT. Citigroup increased their price objective on Camden Property Trust from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Tuesday, February 7th. Piper Sandler cut Camden Property Trust from an “overweight” rating to a “neutral” rating and set a $136.00 target price for the company. in a research note on Thursday, February 2nd. TheStreet cut Camden Property Trust from a “b” rating to a “c+” rating in a research note on Monday, November 28th. Truist Financial reduced their price objective on Camden Property Trust from $160.00 to $136.00 and set a “buy” rating for the company in a research report on Tuesday, November 29th. Finally, Mizuho raised their price objective on Camden Property Trust from $131.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $139.62.

Camden Property Trust Trading Down 0.9 %

NYSE CPT opened at $107.17 on Thursday. Camden Property Trust has a fifty-two week low of $105.69 and a fifty-two week high of $175.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a 50 day simple moving average of $117.23 and a two-hundred day simple moving average of $117.54. The stock has a market cap of $11.44 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 3.16 and a beta of 0.79.

Insider Buying and Selling at Camden Property Trust

In other news, EVP William W. Sengelmann sold 10,292 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $112.57, for a total value of $1,158,570.44. Following the transaction, the executive vice president now owns 68,667 shares of the company’s stock, valued at $7,729,844.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Camden Property Trust news, Director Heather J. Brunner sold 1,278 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $112.57, for a total transaction of $143,864.46. Following the sale, the director now directly owns 9,473 shares of the company’s stock, valued at $1,066,375.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William W. Sengelmann sold 10,292 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $112.57, for a total value of $1,158,570.44. Following the completion of the transaction, the executive vice president now owns 68,667 shares in the company, valued at $7,729,844.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,902 shares of company stock valued at $1,452,378. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Camden Property Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ETF Managers Group LLC boosted its stake in Camden Property Trust by 4.5% in the 3rd quarter. ETF Managers Group LLC now owns 4,142 shares of the real estate investment trust’s stock worth $495,000 after purchasing an additional 177 shares during the period. Verition Fund Management LLC lifted its holdings in shares of Camden Property Trust by 12.3% in the 2nd quarter. Verition Fund Management LLC now owns 5,244 shares of the real estate investment trust’s stock valued at $705,000 after acquiring an additional 575 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Camden Property Trust by 12.7% in the 2nd quarter. Cetera Investment Advisers now owns 1,894 shares of the real estate investment trust’s stock valued at $255,000 after acquiring an additional 214 shares during the last quarter. Atria Investments LLC lifted its holdings in shares of Camden Property Trust by 39.7% in the 2nd quarter. Atria Investments LLC now owns 10,284 shares of the real estate investment trust’s stock valued at $1,383,000 after acquiring an additional 2,920 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in shares of Camden Property Trust by 39.0% in the 3rd quarter. King Luther Capital Management Corp now owns 6,103 shares of the real estate investment trust’s stock valued at $729,000 after acquiring an additional 1,713 shares during the last quarter. Institutional investors own 93.25% of the company’s stock.

Camden Property Trust Company Profile

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Camden Property Trust operates as a real estate investment trust. The firm engages in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. It focus on investing in markets characterized by high-growth economic conditions, strong employment, and attractive quality of life.