Camden Property Trust (CPT) Downgraded by TheStreet to “C+”

Camden Property Trust (NYSE:CPT) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Thursday.

CPT has been the topic of a number of other research reports. JPMorgan Chase & Co. upgraded Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 target price on the stock in a research note on Friday, December 15th. SunTrust Banks reiterated a “hold” rating and issued a $93.00 target price on shares of Camden Property Trust in a research note on Wednesday, October 4th. Mizuho reiterated a “hold” rating and issued a $90.00 target price on shares of Camden Property Trust in a research note on Sunday, October 15th. BMO Capital Markets restated a “buy” rating and set a $97.00 price target on shares of Camden Property Trust in a research note on Monday, November 27th. Finally, Robert W. Baird restated a “hold” rating and set a $93.00 price target on shares of Camden Property Trust in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $93.67.

Camden Property Trust (NYSE:CPT) traded up $0.10 during mid-day trading on Thursday, reaching $84.81. The company’s stock had a trading volume of 333,700 shares, compared to its average volume of 490,200. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.94 and a current ratio of 1.94. Camden Property Trust has a twelve month low of $78.38 and a twelve month high of $96.39. The stock has a market capitalization of $7,859.78, a price-to-earnings ratio of 51.71, a price-to-earnings-growth ratio of 3.28 and a beta of 0.42.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.03). Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The business had revenue of $228.18 million during the quarter, compared to analysts’ expectations of $226.41 million. During the same quarter in the previous year, the business earned $1.13 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. equities research analysts forecast that Camden Property Trust will post 4.53 earnings per share for the current fiscal year.

In other Camden Property Trust news, President D Keith Oden sold 55,682 shares of Camden Property Trust stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $92.27, for a total value of $5,137,778.14. Following the transaction, the president now owns 364,771 shares in the company, valued at $33,657,420.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard J. Campo sold 379 shares of Camden Property Trust stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $94.44, for a total value of $35,792.76. Following the completion of the transaction, the chairman now owns 338,519 shares in the company, valued at approximately $31,969,734.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,297 shares of company stock worth $11,635,108. Insiders own 4.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Foster & Motley Inc. purchased a new position in Camden Property Trust in the fourth quarter valued at about $1,194,000. State of Alaska Department of Revenue boosted its holdings in Camden Property Trust by 64.6% in the fourth quarter. State of Alaska Department of Revenue now owns 53,940 shares of the real estate investment trust’s stock worth $4,964,000 after acquiring an additional 21,170 shares in the last quarter. Westpac Banking Corp boosted its holdings in Camden Property Trust by 81.2% in the fourth quarter. Westpac Banking Corp now owns 140,637 shares of the real estate investment trust’s stock worth $12,947,000 after acquiring an additional 63,010 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Camden Property Trust by 5.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 953,010 shares of the real estate investment trust’s stock worth $87,735,000 after acquiring an additional 53,313 shares in the last quarter. Finally, Creative Planning acquired a new stake in Camden Property Trust in the fourth quarter worth about $308,000. Institutional investors own 96.89% of the company’s stock.

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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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