The stock of Camden Property Trust (NYSE:CPT) is a huge mover today! The stock decreased 2.73% or $2.21 on October 5, hitting $78.77. Camden Property Trust (NYSE:CPT) has risen 3.28% since March 2, 2016 and is uptrending. It has underperformed by 4.98% the S&P500.
The move comes after 8 months negative chart setup for the $6.93B company. It was reported on Oct, 6 by Barchart.com. We have $74.04 PT which if reached, will make NYSE:CPT worth $415.80 million less.
Analysts await Camden Property Trust (NYSE:CPT) to report earnings on November, 3. They expect $1.10 EPS, down 3.51% or $0.04 from last year’s $1.14 per share. CPT’s profit will be $96.78 million for 17.90 P/E if the $1.10 EPS becomes a reality. After $1.15 actual EPS reported by Camden Property Trust for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth.
Camden Property Trust (NYSE:CPT) Ratings Coverage
Out of 16 analysts covering Camden Property (NYSE:CPT), 7 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 44% are positive. Camden Property has been the topic of 30 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, December 16 by KeyBanc Capital Markets. The stock of Camden Property Trust (NYSE:CPT) has “Buy” rating given on Monday, March 21 by Mizuho. The firm earned “Buy” rating on Tuesday, November 10 by BB&T Capital. The firm has “Neutral” rating given on Thursday, June 2 by SunTrust. On Monday, September 7 the stock rating was upgraded by Zacks to “Buy”. The firm has “Hold” rating given on Tuesday, November 3 by Deutsche Bank. The firm has “Overweight” rating given on Friday, August 12 by Barclays Capital. The firm earned “Buy” rating on Tuesday, July 21 by SunTrust. Evercore downgraded it to “Buy” rating and $86 target price in Monday, August 24 report. The rating was initiated by DA Davidson with “Buy” on Friday, September 18.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.20, from 1.19 in 2016Q1. The ratio is negative, as 44 funds sold all Camden Property Trust shares owned while 99 reduced positions. 22 funds bought stakes while 120 increased positions. They now own 91.66 million shares or 6.29% more from 86.24 million shares in 2016Q1.
The New York-based Springbok Capital Management has invested 0.16% in Camden Property Trust (NYSE:CPT). Duff Phelps Inv Management accumulated 76,573 shares or 0.1% of the stock. Commonwealth State Bank Of Australia holds 0% of its portfolio in Camden Property Trust (NYSE:CPT) for 700 shares. Price T Rowe Associate Incorporated Md has 0.05% invested in the company for 2.81M shares. Mutual Of America Mgmt Ltd holds 0.13% of its portfolio in Camden Property Trust (NYSE:CPT) for 67,843 shares. The Quebec – Canada-based Caisse De Depot Et Placement Du Quebec has invested 0% in Camden Property Trust (NYSE:CPT). Ranger Lp accumulated 69,150 shares or 2.59% of the stock. Bb&T Corp last reported 600 shares in the company. South State Corporation holds 0.1% or 7,200 shares in its portfolio. Macquarie Grp last reported 0% of its portfolio in the stock. United Cap Finance Advisers Limited has 2,367 shares for 0% of their US portfolio. Northern, a Illinois-based fund reported 1.13M shares. Winton Gru Limited has 19,472 shares for 0.03% of their US portfolio. Janus Cap Ltd Liability Corp holds 285,321 shares or 0.02% of its portfolio. Checchi Advisers Ltd Limited Liability Company holds 0.01% or 1,100 shares in its portfolio.
Insider Transactions: Since May 4, 2016, the stock had 0 insider purchases, and 14 sales for $32.33 million net activity. $502,922 worth of Camden Property Trust (NYSE:CPT) was sold by Sengelmann William W. on Thursday, September 22. On Tuesday, May 17 the insider CAMPO RICHARD J sold $9.44 million. $830,150 worth of shares were sold by LEVEY LEWIS A on Wednesday, May 4. On Friday, May 27 the insider Jessett Alexander J. sold $1.02 million. PAULSEN WILLIAM F also sold $124,246 worth of Camden Property Trust (NYSE:CPT) on Thursday, May 26. ODEN D KEITH had sold 22,318 shares worth $1.97M on Tuesday, August 2. The insider STEWART H MALCOLM sold $998,905.
More notable recent Camden Property Trust (NYSE:CPT) news were published by: Businesswire.com which released: “Camden Property Trust Announces Third Quarter 2016 Earnings Release and …” on October 03, 2016, also Fortune.com with their article: “Camden Property Trust” published on June 28, 2016, Costar.com published: “Leaving Las Vegas: Camden Property Trust Sells Entire Nevada Portfolio to …” on May 02, 2016. More interesting news about Camden Property Trust (NYSE:CPT) were released by: Businesswire.com and their article: “Camden Property Trust Named One of Fortune ® Magazine’s â€œ100 Best Workplaces …” published on September 15, 2016 as well as Reuters.com‘s news article titled: “Fitch Upgrades Camden Property Trust to ‘A-‘; Outlook Stable” with publication date: August 31, 2016.
CPT Company Profile
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.
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