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

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

CPT has been the topic of several other reports. Stifel Nicolaus lowered Camden Property Trust from a “buy” rating to a “hold” rating and raised their target price for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. 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. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Scotiabank cut their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Finally, Jefferies Financial Group assumed coverage on Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $125.81.

Camden Property Trust Stock Performance

Shares of CPT opened at $113.35 on Tuesday. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 4.40 and a beta of 0.92. The company’s fifty day moving average is $120.59 and its 200-day moving average is $117.75. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69.

Institutional Investors Weigh In On Camden Property Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates lifted its holdings in Camden Property Trust by 1.0% during the 2nd quarter. Raymond James & Associates now owns 100,055 shares of the real estate investment trust’s stock valued at $10,917,000 after purchasing an additional 956 shares during the last quarter. Traynor Capital Management Inc. acquired a new stake in shares of Camden Property Trust during the second quarter worth approximately $218,000. Family Firm Inc. bought a new position in shares of Camden Property Trust in the second quarter valued at approximately $39,000. Raymond James Trust N.A. boosted its holdings in shares of Camden Property Trust by 6.1% in the 2nd quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock worth $275,000 after acquiring an additional 144 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Camden Property Trust by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 911,183 shares of the real estate investment trust’s stock worth $99,419,000 after acquiring an additional 10,867 shares during the last quarter. 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.