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

Camden Property Trust (NYSE:CPT) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report released on Tuesday,Briefing.com Automated Import reports. They currently have a $128.00 price target on the real estate investment trust’s stock, down from their prior price target of $129.00. JPMorgan Chase & Co.‘s price target indicates a potential upside of 6.36% from the company’s current price.

CPT has been the subject of a number of other reports. Jefferies Financial Group started coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price target for the company. Royal Bank of Canada decreased their target price on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $104.00 to $127.00 in a report on Monday, August 26th. Scotiabank decreased their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $123.69.

Camden Property Trust Trading Up 0.1 %

Shares of CPT stock opened at $120.35 on Tuesday. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The firm’s 50 day moving average price is $120.62 and its two-hundred day moving average price is $117.64. The stock has a market cap of $12.84 billion, a price-to-earnings ratio of 38.09, a price-to-earnings-growth ratio of 4.40 and a beta of 0.92. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP raised its stake in Camden Property Trust by 86.9% during the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after acquiring an additional 918,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Camden Property Trust by 508.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after acquiring an additional 790,974 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of Camden Property Trust by 97.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after purchasing an additional 630,768 shares during the last quarter. Duquesne Family Office LLC bought a new position in shares of Camden Property Trust during the second quarter worth about $63,056,000. Finally, Heitman Real Estate Securities LLC increased its holdings in shares of Camden Property Trust by 3,155.8% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock worth $55,501,000 after acquiring an additional 435,495 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

About Camden Property Trust

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.