November 29, 2016 - By Richard Conner · 0 Comments
Camden Property Trust (NYSE:CPT) institutional sentiment is 0.99 in Q2 2016. Its the same as in 2016Q1. The ratio is neither positive nor negative, as only 142 institutional investors increased and opened new stock positions, while 143 sold and decreased holdings in Camden Property Trust. The institutional investors in our partner’s database reported: 91.66 million shares, up from 86.24 million shares in 2016Q1. Also, the number of institutional investors holding Camden Property Trust in their top 10 stock positions decreased from 6 to 5 for a decrease of 1. Sold All: 44 Reduced: 99 Increased: 120 New Position: 22.
Camden Property Trust is a real estate investment trust . The company has a market cap of $7.00 billion. The Firm is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. It has a 15.92 P/E ratio. The Firm operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.
About 597,535 shares traded hands. Camden Property Trust (NYSE:CPT) has declined 4.76% since April 26, 2016 and is downtrending. It has underperformed by 10.02% the S&P500.
Analysts await Camden Property Trust (NYSE:CPT) to report earnings on January, 26. They expect $1.14 EPS, down 5.00% or $0.06 from last year’s $1.2 per share. CPT’s profit will be $100.20 million for 17.46 P/E if the $1.14 EPS becomes a reality. After $1.13 actual EPS reported by Camden Property Trust for the previous quarter, Wall Street now forecasts 0.88% EPS growth.
According to Zacks Investment Research, “CAMDEN PROPERTY TRUST is a self-administered and self-managed real estate investment trust that is engaged in the ownership, development, acquisition, management, marketing and disposition of multi-family apartment communities in the Southwest and Mountain regions of the United States.”
Lasalle Investment Management Securities Llc holds 4.59% of its portfolio in Camden Property Trust for 5.52 million shares. Aew Capital Management L P owns 1.58 million shares or 2.81% of their US portfolio. Moreover, Kempen Capital Management N.V. has 2.6% invested in the company for 250,277 shares. The Illinois-based Ranger International Management Lp has invested 2.59% in the stock. Baltimore, a Alabama-based fund reported 94,105 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 6 insider sales for $6.62 million net activity.
Ratings analysis reveals 47% of Camden Property’s analysts are positive. Out of 17 Wall Street analysts rating Camden Property, 8 give it “Buy”, 2 “Sell” rating, while 7 recommend “Hold”. The lowest target is $77 while the high is $95. The stock’s average target of $85.36 is 7.18% above today’s ($79.64) share price. CPT was included in 31 notes of analysts from July 21, 2015. The stock has “Neutral” rating given by BTIG Research on Thursday, August 25. Bank of America upgraded the stock to “Buy” rating in Wednesday, November 23 report. BB&T Capital initiated Camden Property Trust (NYSE:CPT) on Tuesday, November 10 with “Buy” rating. The firm has “Hold” rating by Evercore given on Tuesday, September 8. The firm earned “Hold” rating on Monday, July 18 by Deutsche Bank. RBC Capital Markets maintained it with “Outperform” rating and $91 target price in Monday, May 2 report. The stock has “Buy” rating given by Evercore on Monday, August 24. BMO Capital Markets downgraded the stock to “Underperform” rating in Friday, October 30 report. The firm has “Overweight” rating given on Friday, August 12 by Barclays Capital. Mizuho upgraded the shares of CPT in a report on Monday, March 21 to “Buy” rating.
Camden Property Trust, incorporated in 1933, is a real estate investment trust (REIT). The Firm is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. The Firm operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment. The Firm owns interests in, operates, or is developing approximately 180 multifamily properties consisting of approximately 62,650 apartment homes across the United States. Of the over 180 properties, approximately eight properties are under construction. It also owns land holdings. The Company’s properties consist of mid-rise buildings or two and three story buildings in a landscaped setting and provide residents with various amenities common to multifamily rental properties.
More notable recent Camden Property Trust (NYSE:CPT) news were published by: Fortune.com which released: “Camden Property Trust” on November 09, 2015, also Chron.com with their article: “Camden Property Trust facing declining Houston apartment market” published on October 28, 2016, Thestreet.com published: “Camden Property Trust CEO Campo Just Wants Election to Be Over” on November 07, 2016. More interesting news about Camden Property Trust (NYSE:CPT) were released by: Equitiesfocus.com and their article: “Camden Property Trust (NYSE:CPT) Stock Gets Revised Target Of $85.11” published on November 29, 2016 as well as Costar.com‘s news article titled: “Leaving Las Vegas: Camden Property Trust Sells Entire Nevada Portfolio to …” with publication date: May 02, 2016.
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By Richard Conner