Camden Property Trust’s (CPT) Hold Rating Reiterated at Robert W. Baird
Camden Property Trust (NYSE:CPT)‘s stock had its “hold” rating restated by analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They presently have a $88.00 target price on the real estate investment trust’s stock. Robert W. Baird’s price objective points to a potential upside of 12.03% from the stock’s previous close.
A number of other research firms have also issued reports on CPT. BMO Capital Markets reissued a “buy” rating and issued a $97.00 price target on shares of Camden Property Trust in a research report on Monday, November 27th. Mizuho reissued a “hold” rating and issued a $94.00 price target on shares of Camden Property Trust in a research report on Monday, November 6th. JPMorgan Chase & Co. raised shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price target for the company in a research report on Friday, December 15th. Zacks Investment Research lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Finally, SunTrust Banks set a $89.00 price target on shares of Camden Property Trust and gave the stock a “hold” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $90.80.
Camden Property Trust (NYSE:CPT) traded down $0.92 during midday trading on Friday, hitting $78.55. 739,843 shares of the stock were exchanged, compared to its average volume of 767,924. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $7,368.52, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 2.74 and a beta of 0.41. Camden Property Trust has a 1-year low of $78.29 and a 1-year high of $96.39.
In related news, Chairman Richard J. Campo sold 52,247 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $92.27, for a total value of $4,820,830.69. Following the transaction, the chairman now owns 344,201 shares in the company, valued at $31,759,426.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President D Keith Oden sold 55,682 shares of the stock in a transaction that occurred on 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 completion of the transaction, the president now owns 364,771 shares in the company, valued at approximately $33,657,420.17. The disclosure for this sale can be found here. Insiders sold 125,918 shares of company stock worth $11,599,316 in the last 90 days. 4.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in CPT. Victory Capital Management Inc. grew its holdings in Camden Property Trust by 285.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,386 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 1,026 shares during the last quarter. FDx Advisors Inc. acquired a new position in Camden Property Trust during the fourth quarter valued at approximately $202,000. Global X Management Co. LLC grew its holdings in Camden Property Trust by 45.3% during the fourth quarter. Global X Management Co. LLC now owns 2,309 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 720 shares during the last quarter. Bbva Compass Bancshares Inc. acquired a new position in Camden Property Trust during the third quarter valued at approximately $234,000. Finally, Creative Planning acquired a new position in Camden Property Trust during the fourth quarter valued at approximately $308,000. Hedge funds and other institutional investors own 89.03% of the company’s stock.
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Camden Property Trust Company Profile
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.
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