Barclays Issues Pessimistic Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price objective reduced by research analysts at Barclays from $138.00 to $126.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s target price points to a potential upside of 14.58% from the stock’s previous close.

A number of other research firms also recently issued reports on CPT. 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $121.00 price target on shares of Camden Property Trust in a research report on Wednesday. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and increased their price target for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $125.75.

Camden Property Trust Stock Down 0.9 %

Shares of NYSE:CPT opened at $109.96 on Friday. The business’s 50 day moving average is $117.72 and its 200 day moving average is $118.67. The stock has a market cap of $11.73 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 4.03 and a beta of 0.94. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Insider Buying and Selling at Camden Property Trust

In related news, Director Heather J. Brunner sold 264 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the sale, the director now directly owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the sale, the chief executive officer now owns 300,135 shares in the company, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,413 shares of company stock valued at $2,895,718. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Camden Property Trust

Several hedge funds have recently modified their holdings of the company. Caprock Group LLC purchased a new position in shares of Camden Property Trust in the 4th quarter valued at about $444,000. First Affirmative Financial Network grew its holdings in Camden Property Trust by 12.5% in the fourth quarter. First Affirmative Financial Network now owns 2,138 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 238 shares during the period. Highland Capital Management LLC increased its position in shares of Camden Property Trust by 123.1% in the fourth quarter. Highland Capital Management LLC now owns 14,922 shares of the real estate investment trust’s stock valued at $1,732,000 after buying an additional 8,235 shares in the last quarter. Forsta AP Fonden raised its stake in shares of Camden Property Trust by 87.2% during the 4th quarter. Forsta AP Fonden now owns 35,200 shares of the real estate investment trust’s stock worth $4,085,000 after buying an additional 16,400 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Camden Property Trust by 12.7% during the 4th quarter. Pacer Advisors Inc. now owns 9,025 shares of the real estate investment trust’s stock worth $1,047,000 after buying an additional 1,014 shares during the period. 97.22% of the stock is 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.