Camden Property Trust (NYSE:CPT)‘s stock had its “sell” rating reiterated by UBS AG in a note issued to investors on Thursday, www.flashratings.com reports. They presently have a $86.00 target price on the real estate investment trust’s stock, up from their prior target price of $80.00. UBS AG’s price target would suggest a potential downside of 7.63% from the stock’s previous close.

CPT has been the topic of several other reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $91.00 target price on shares of Camden Property Trust in a research note on Sunday, July 16th. Barclays PLC increased their target price on shares of Camden Property Trust from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 18th. BMO Capital Markets upgraded shares of Camden Property Trust from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $81.00 to $89.00 in a research note on Thursday, May 25th. They noted that the move was a valuation call. Evercore ISI upgraded shares of Camden Property Trust from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $87.00 to $90.00 in a research note on Thursday, May 18th. They noted that the move was a valuation call. Finally, KeyCorp upgraded shares of Camden Property Trust from a “sector weight” rating to an “overweight” rating and set a $93.00 target price on the stock in a research note on Tuesday, June 13th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $90.73.

Camden Property Trust (NYSE CPT) traded up 0.67% during mid-day trading on Thursday, hitting $93.72. 632,437 shares of the company’s stock were exchanged. The stock has a market cap of $8.22 billion, a PE ratio of 20.97 and a beta of 0.38. The stock’s 50 day moving average price is $90.18 and its 200-day moving average price is $85.25. Camden Property Trust has a 12 month low of $75.36 and a 12 month high of $96.39.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The business had revenue of $222.40 million for the quarter, compared to analysts’ expectations of $222.44 million. During the same period in the prior year, the company posted $1.15 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts expect that Camden Property Trust will post $1.71 EPS for the current fiscal year.

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In related news, President D Keith Oden sold 86,540 shares of Camden Property Trust stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.43, for a total value of $7,739,272.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William W. Sengelmann sold 763 shares of Camden Property Trust stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $89.76, for a total transaction of $68,486.88. Following the completion of the transaction, the executive vice president now owns 71,836 shares in the company, valued at approximately $6,447,999.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,584 shares of company stock worth $10,618,035. Corporate insiders own 4.70% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Camden Property Trust by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 14,190,009 shares of the real estate investment trust’s stock worth $1,213,387,000 after purchasing an additional 85,219 shares during the period. BlackRock Inc. raised its position in Camden Property Trust by 3.1% in the 2nd quarter. BlackRock Inc. now owns 10,451,376 shares of the real estate investment trust’s stock worth $893,697,000 after purchasing an additional 310,886 shares during the period. Lasalle Investment Management Securities LLC raised its position in Camden Property Trust by 0.8% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 5,519,707 shares of the real estate investment trust’s stock worth $488,052,000 after purchasing an additional 43,279 shares during the period. Cohen & Steers Inc. raised its position in Camden Property Trust by 1,532.7% in the 2nd quarter. Cohen & Steers Inc. now owns 4,557,918 shares of the real estate investment trust’s stock worth $403,011,000 after purchasing an additional 4,278,755 shares during the period. Finally, State Street Corp raised its position in Camden Property Trust by 1.5% in the 1st quarter. State Street Corp now owns 4,488,687 shares of the real estate investment trust’s stock worth $361,144,000 after purchasing an additional 65,704 shares during the period. Institutional investors own 95.94% of the company’s stock.

About Camden Property Trust

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. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

Analyst Recommendations for Camden Property Trust (NYSE:CPT)

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