Camden Property Trust (NYSE:CPT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “CAMDEN PROPERTY TRUST is a self-administered and self-managed real estate investment trust that is engaged in the ownership, development, acquisition, management, marketing and disposition of multi-family apartment communities in the Southwest and Mountain regions of the United States. “

A number of other research analysts have also issued reports on CPT. Barclays PLC raised their price objective on shares of Camden Property Trust from $91.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, July 19th. Mizuho lowered shares of Camden Property Trust from a “buy” rating to a “neutral” rating and raised their price target for the stock from $92.00 to $93.00 in a report on Monday, August 1st. Citigroup Inc. raised their price target on shares of Camden Property Trust from $87.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Robert W. Baird lowered shares of Camden Property Trust from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $83.00 to $88.00 in a report on Wednesday, August 10th. Finally, BTIG Research started coverage on shares of Camden Property Trust in a report on Thursday, August 25th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $87.08.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

Camden Property Trust (NYSE:CPT) opened at 76.50 on Wednesday. The company’s 50-day moving average is $79.53 and its 200 day moving average is $84.45. Camden Property Trust has a one year low of $69.76 and a one year high of $90.91. The firm has a market cap of $6.69 billion, a PE ratio of 8.25 and a beta of 0.43.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The business earned $220.20 million during the quarter, compared to analyst estimates of $218.51 million. Camden Property Trust had a net margin of 94.44% and a return on equity of 15.12%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned $0.91 EPS. Equities analysts anticipate that Camden Property Trust will post $4.61 earnings per share for the current year.

In other Camden Property Trust news, COO H Malcolm Stewart sold 11,122 shares of Camden Property Trust stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $89.63, for a total transaction of $996,864.86. Following the transaction, the chief operating officer now directly owns 252,526 shares of the company’s stock, valued at approximately $22,633,905.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William W. Sengelmann sold 5,878 shares of Camden Property Trust stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $85.56, for a total transaction of $502,921.68. Following the transaction, the executive vice president now directly owns 78,689 shares in the company, valued at $6,732,630.84. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc increased its position in Camden Property Trust by 0.3% in the second quarter. CIBC Asset Management Inc now owns 3,164 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 8 shares in the last quarter. AlphaMark Advisors LLC increased its position in Camden Property Trust by 0.9% in the second quarter. AlphaMark Advisors LLC now owns 2,850 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 25 shares in the last quarter. Phocas Financial Corp. increased its position in Camden Property Trust by 1.0% in the first quarter. Phocas Financial Corp. now owns 5,066 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 48 shares in the last quarter. Intrust Bank NA increased its position in Camden Property Trust by 1.0% in the third quarter. Intrust Bank NA now owns 5,504 shares of the real estate investment trust’s stock worth $461,000 after buying an additional 53 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in Camden Property Trust by 2.8% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 2,213 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 61 shares in the last quarter. 96.55% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Company Profile

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

5 Day Chart for NYSE:CPT

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