Camden Property Trust (NYSE:CPT) Downgraded by Stifel Nicolaus to Hold

Camden Property Trust (NYSE:CPT) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. They presently have a $121.00 price target on the real estate investment trust’s stock, up from their previous price target of $120.00. Stifel Nicolaus’ target price would indicate a potential upside of 0.17% from the stock’s current price.

A number of other analysts have also recently commented on the stock. UBS Group upped their price target on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Scotiabank upped their price target on shares of 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. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and upped their target price for the stock from $111.00 to $147.00 in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Finally, Truist Financial upped their target price on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $122.61.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $120.80 on Wednesday. The stock has a market capitalization of $12.89 billion, a P/E ratio of 38.23, a PEG ratio of 4.55 and a beta of 0.91. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $121.27 and its 200 day moving average is $114.54. Camden Property Trust has a 12 month low of $85.30 and a 12 month high of $127.69.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Camden Property Trust by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock valued at $1,701,521,000 after buying an additional 289,425 shares during the period. Victory Capital Management Inc. lifted its position in shares of Camden Property Trust by 5.0% in the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock worth $470,704,000 after purchasing an additional 206,654 shares during the period. Centersquare Investment Management LLC lifted its position in shares of Camden Property Trust by 64.2% in the 1st quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock worth $228,939,000 after purchasing an additional 898,398 shares during the period. Dimensional Fund Advisors LP lifted its position in Camden Property Trust by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock valued at $174,299,000 after acquiring an additional 54,475 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Camden Property Trust by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock valued at $185,140,000 after acquiring an additional 51,742 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

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.