Camden Property Trust (NYSE:CPT) Rating Increased to Buy at Jefferies Financial Group

Camden Property Trust (NYSE:CPT) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Monday,Briefing.com Automated Import reports. The firm currently has a $139.00 price target on the real estate investment trust’s stock, up from their previous price target of $117.00. Jefferies Financial Group’s price target suggests a potential upside of 14.52% from the company’s current price.

CPT has been the topic of a number of other reports. Mizuho dropped their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Wells Fargo & Company reduced their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Evercore ISI increased their price objective on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Finally, StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $127.42.

Camden Property Trust Stock Performance

Shares of CPT opened at $121.38 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a 12-month low of $94.75 and a 12-month high of $127.69. The business’s fifty day moving average price is $116.39 and its 200 day moving average price is $119.56. The stock has a market capitalization of $12.96 billion, a PE ratio of 80.92, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Equities research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Insider Buying and Selling at Camden Property Trust

In related news, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the transaction, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Alexander J. Jessett sold 13,067 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the sale, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,413 shares of company stock valued at $2,895,718. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPT. Concurrent Investment Advisors LLC acquired a new stake in shares of Camden Property Trust in the third quarter worth $230,000. Verdence Capital Advisors LLC lifted its stake in Camden Property Trust by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 113 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in Camden Property Trust by 4,019.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 145,029 shares of the real estate investment trust’s stock worth $17,915,000 after acquiring an additional 141,508 shares during the period. Venturi Wealth Management LLC grew its stake in Camden Property Trust by 96.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 781 shares of the real estate investment trust’s stock valued at $96,000 after acquiring an additional 384 shares in the last quarter. Finally, Versor Investments LP increased its holdings in shares of Camden Property Trust by 319.6% in the 3rd quarter. Versor Investments LP now owns 21,400 shares of the real estate investment trust’s stock valued at $2,644,000 after purchasing an additional 16,300 shares during the period. 97.22% of the stock is currently owned by hedge funds and other 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.