Camden Property Trust Downgraded by StockNews.com to Sell

Camden Property Trust (NYSE:CPT) recently received a downgrade from StockNews.com, shifting their rating from "hold" to "sell" in a report issued last Friday.

Insights from Research Firms

Other analysts have also been evaluating Camden Property Trust's performance. For instance, Deutsche Bank raised their target price on the stock from $90.00 to $115.00, while maintaining a "hold" rating in a report published on September 10. Similarly, Royal Bank of Canada downgraded the stock from an "outperform" rating to a "sector perform" rating, with a price target set at $122.00 on September 9. Additionally, Jefferies Financial Group began coverage of Camden Property Trust on October 11, assigning a "hold" rating with a target of $123.00. On the other hand, Bank of America upgraded their rating from "underperform" to "buy," increasing their price target from $111.00 to $147.00 on August 12. Wells Fargo also raised their rating from "underweight" to "equal weight" and adjusted their price objective from $104.00 to $127.00 on August 26.

Analyst Ratings Overview

The ratings landscape for Camden Property Trust shows a mix of perspectives: one analyst has given a sell rating, fourteen recommend holding the stock, while five analysts suggest buying it. According to MarketBeat, the current consensus rating among analysts is "Hold," with an average price target set at $121.76.

Current Stock Performance

On the trading floor, shares of Camden Property Trust saw a decline, dropping $2.06 during midday trading, bringing the stock price down to $113.73. A total of 2,376,625 shares changed hands, exceeding the stock's average volume of 992,370. The company has a debt-to-equity ratio of 0.72, with both quick and current ratios at 0.37. Its market capitalization stands at $12.13 billion, accompanied by a price-to-earnings ratio of 31.24 and a price-to-earnings growth ratio of 4.40.

Recent Earnings Report

In its last quarterly earnings report released on August 1, Camden Property Trust reported earnings per share of $0.40, falling short of the consensus estimate of $1.67 by $1.27. The company posted a return on equity of 7.98% and a net profit margin of 25.64%. Revenue for the quarter amounted to $387.15 million, slightly above the expected $384.76 million. Comparatively, in the same quarter the previous year, the company reported earnings of $1.70 per share. Analysts predict Camden Property Trust will achieve $6.78 earnings per share for the current year.

Institutional Investments

Investments from hedge funds and various institutional investors have fluctuated recently. For example, Kings Path Partners LLC acquired a new stake worth $33,000 in Camden Property Trust during the second quarter. Similarly, Federated Hermes Inc. also purchased new shares valued at around $33,000. Family Firm Inc. and Versant Capital Management Inc. have made similar investments, with the latter increasing its stake substantially. Reports indicate that 97.22% of Camden Property Trust's stock is owned by institutional investors.

About Camden Property Trust

Camden Property Trust is part of the S&P 500 index and primarily focuses on the ownership, management, development, and construction of multifamily apartment communities. The company operates 172 properties, providing 58,250 apartment homes across the United States.

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