Camden Property Trust (NYSE:CPT) Rating Lowered to Hold at Stifel Nicolaus

Camden Property Trust (NYSE:CPT) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Marketbeat Ratings reports. They currently have a $121.00 target price on the real estate investment trust’s stock, up from their previous target price of $120.00. Stifel Nicolaus’ price objective would suggest a potential upside of 0.53% from the stock’s current price.

Several other analysts have also recently commented on the stock. Evercore ISI increased their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Jefferies Financial Group assumed coverage on Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective on the stock. Royal Bank of Canada dropped their target price on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. Scotiabank upped their price target on Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $122.50.

Camden Property Trust Stock Down 2.4 %

Shares of NYSE CPT opened at $120.36 on Wednesday. Camden Property Trust has a 12-month low of $86.50 and a 12-month high of $127.69. The firm’s 50-day simple moving average is $121.15 and its 200 day simple moving average is $114.64. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 38.09, a price-to-earnings-growth ratio of 4.40 and a beta of 0.91.

Institutional Trading of Camden Property Trust

A number of large investors have recently bought and sold shares of CPT. Kings Path Partners LLC acquired a new position in Camden Property Trust in the 2nd quarter worth $33,000. Federated Hermes Inc. acquired a new position in shares of Camden Property Trust during the second quarter worth about $33,000. Family Firm Inc. bought a new position in shares of Camden Property Trust during the second quarter worth about $39,000. Versant Capital Management Inc grew its holdings in shares of Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 350 shares in the last quarter. Finally, American Capital Advisory LLC raised its position in Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 128 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

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.