Camden Property Trust (NYSE:CPT) Stock Rating Upgraded by Jefferies Financial Group
Camden Property Trust (NYSE:CPT – Get Free Report) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat reports. The brokerage currently has a $139.00 target price on the real estate investment trust’s stock, up from their previous target price of $117.00. Jefferies Financial Group’s target price would suggest a potential upside of 15.37% from the company’s current price.
Other equities analysts have also recently issued research reports about the stock. Scotiabank increased their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Wells Fargo & Company lowered their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Mizuho dropped their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Finally, Evercore ISI raised their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned 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 $127.19.
Read Our Latest Stock Analysis on Camden Property Trust
Camden Property Trust Stock Performance
NYSE CPT opened at $120.48 on Monday. The stock has a fifty day simple moving average of $116.54 and a 200-day simple moving average of $119.56. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The stock has a market cap of $12.86 billion, a PE ratio of 80.32, a P/E/G ratio of 4.41 and a beta of 0.94. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69.
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 EPS for the quarter, beating 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%. Equities analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard J. Campo sold 1,043 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $114,792.58. Following the completion of the transaction, the chief executive officer now directly owns 299,092 shares in the company, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock worth $2,912,212 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.
Institutional Investors Weigh In On Camden Property Trust
Several institutional investors have recently added to or reduced their stakes in CPT. SMART Wealth LLC acquired a new stake in Camden Property Trust during the third quarter worth approximately $829,000. Nordea Investment Management AB grew its position in shares of Camden Property Trust by 15.0% in the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock valued at $11,339,000 after buying an additional 12,805 shares during the last quarter. Franklin Resources Inc. raised its stake in Camden Property Trust by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock worth $23,174,000 after acquiring an additional 5,985 shares in the last quarter. Principal Financial Group Inc. lifted its position in Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock valued at $66,563,000 after acquiring an additional 51,097 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in Camden Property Trust by 7.7% in the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust’s stock valued at $271,000 after acquiring an additional 166 shares in the last quarter. Hedge funds and other institutional investors 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.
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