JPMorgan Chase & Co. Downgrades Camden Property Trust (NYSE:CPT) to Underweight

Camden Property Trust (NYSE:CPT) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Tuesday, MarketBeat reports. They currently have a $128.00 target price on the real estate investment trust’s stock, down from their previous target price of $129.00. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 12.92% from the company’s current price.

A number of other equities research analysts have also recently weighed in on CPT. Piper Sandler lifted their price objective on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and upped their price target for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective for the company. BNP Paribas assumed coverage on Camden Property Trust in a report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 target price on the stock. Finally, Royal Bank of Canada decreased their price target on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $125.81.

Camden Property Trust Stock Down 4.4 %

Shares of Camden Property Trust stock opened at $113.35 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The business’s fifty day moving average price is $120.59 and its two-hundred day moving average price is $117.75. The company has a market capitalization of $12.09 billion, a P/E ratio of 35.87, a PEG ratio of 4.40 and a beta of 0.92.

Institutional Trading of Camden Property Trust

Several hedge funds and other institutional investors have recently modified their holdings of CPT. Kings Path Partners LLC acquired a new position in Camden Property Trust during the second quarter valued at $33,000. Federated Hermes Inc. purchased a new stake in shares of Camden Property Trust in the second quarter worth approximately $33,000. Neo Ivy Capital Management acquired a new stake in shares of Camden Property Trust during the third quarter worth approximately $38,000. Family Firm Inc. purchased a new position in Camden Property Trust during the second quarter valued at approximately $39,000. Finally, American Capital Advisory LLC increased its stake in Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds 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.