Zacks Investment Research cut shares of Camden Property Trust (NYSE:CPT) from a buy rating to a hold rating in a report released on Wednesday morning.

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. “

Several other research analysts have also recently commented on the company. Bank of America Corp. raised Camden Property Trust from a neutral rating to a buy rating in a research report on Wednesday. Barclays PLC reiterated a buy rating and set a $89.00 price objective on shares of Camden Property Trust in a research note on Monday, November 14th. Citigroup Inc. dropped their price objective on Camden Property Trust from $88.00 to $84.00 and set a neutral rating for the company in a research note on Friday, September 30th. RBC Capital Markets reiterated a buy rating on shares of Camden Property Trust in a research note on Monday, August 29th. Finally, BTIG Research assumed coverage on Camden Property Trust in a research note on Thursday, August 25th. They set a neutral rating for the company. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. Camden Property Trust has a consensus rating of Hold and a consensus target price of $87.00.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

Shares of Camden Property Trust (NYSE:CPT) opened at 77.72 on Wednesday. Camden Property Trust has a 12-month low of $69.76 and a 12-month high of $90.91. The firm has a market cap of $6.80 billion, a P/E ratio of 8.38 and a beta of 0.43. The company has a 50-day moving average of $78.59 and a 200 day moving average of $84.22.

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

In related news, COO H Malcolm Stewart sold 11,122 shares of Camden Property Trust stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $89.63, for a total value of $996,864.86. Following the completion of the sale, the chief operating officer now directly owns 252,526 shares in the company, valued at $22,633,905.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William B. Mcguire sold 2,124 shares of Camden Property Trust stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $81.76, for a total value of $173,658.24. Following the completion of the sale, the director now owns 2,015 shares of the company’s stock, valued at $164,746.40. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the company. Capstone Asset Management Co. boosted its position in shares of Camden Property Trust by 9.6% in the second quarter. Capstone Asset Management Co. now owns 8,005 shares of the real estate investment trust’s stock worth $708,000 after buying an additional 700 shares during the period. Fisher Asset Management LLC boosted its position in shares of Camden Property Trust by 35.6% in the second quarter. Fisher Asset Management LLC now owns 26,547 shares of the real estate investment trust’s stock worth $2,397,000 after buying an additional 6,975 shares during the period. Breton Hill Capital Ltd. boosted its position in shares of Camden Property Trust by 8.2% in the second quarter. Breton Hill Capital Ltd. now owns 83,399 shares of the real estate investment trust’s stock worth $7,374,000 after buying an additional 6,333 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Camden Property Trust by 225.1% in the second quarter. BNP Paribas Arbitrage SA now owns 50,923 shares of the real estate investment trust’s stock worth $4,503,000 after buying an additional 35,257 shares during the period. Finally, Phocas Financial Corp. boosted its position in shares of 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 during the period. Hedge funds and other institutional investors own 96.55% of the company’s stock.

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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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