Camden Property Trust (NYSE:CPT) Earns Sell Rating from Analysts at StockNews.com

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

A number of other brokerages have also recently weighed in on CPT. Wolfe Research cut shares of Camden Property Trust from an “outperform” rating to a “peer perform” rating in a report on Monday. Royal Bank of Canada cut their price objective on shares of Camden Property Trust from $135.00 to $134.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 8th. The Goldman Sachs Group cut their price objective on shares of Camden Property Trust from $134.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 19th. Wells Fargo & Company started 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 objective on the stock. Finally, Bank of America downgraded shares of Camden Property Trust from a “buy” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $121.00 in a research report on Monday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Camden Property Trust has an average rating of “Hold” and an average price target of $133.07.

Camden Property Trust Stock Up 0.6 %

Shares of NYSE:CPT opened at $106.78 on Thursday. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 3.36 and a beta of 0.79. Camden Property Trust has a 1-year low of $97.74 and a 1-year high of $147.71. The company’s fifty day moving average is $105.85 and its two-hundred day moving average is $112.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.16 and a current ratio of 0.16.

Insider Transactions at Camden Property Trust

In other news, CEO Richard J. Campo sold 5,337 shares of Camden Property Trust stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $110.35, for a total value of $588,937.95. Following the transaction, the chief executive officer now owns 246,799 shares of the company’s stock, valued at approximately $27,234,269.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. increased its position in shares of Camden Property Trust by 57.0% in the fourth quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Desjardins Global Asset Management Inc. purchased a new position in shares of Camden Property Trust in the first quarter worth approximately $35,000. Phocas Financial Corp. purchased a new position in shares of Camden Property Trust in the fourth quarter worth approximately $39,000. Institutional & Family Asset Management LLC acquired a new stake in shares of Camden Property Trust during the first quarter worth approximately $39,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of Camden Property Trust during the fourth quarter worth approximately $45,000. 93.25% of the stock is owned by hedge funds and other institutional investors.

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.