KeyBanc Capital Mkts Issues an Upgrade on Camden Property (NYSE:CPT) Shares. What’s Next?


Camden Property (NYSE:CPT) Stock Upgrade

Research professionals at the KeyBanc Capital Mkts equity research division increased shares of Camden Property (NYSE:CPT) from a “Sector Weight” to a “Overweight” on 16 December.

From a total of 21 analysts covering Camden Property (NYSE:CPT) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 14 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $92 while the lowest target price is $74. The mean of all analyst targets is $83.6 with a 11.55% above today’s ($75.94) stock price. Camden Property was the topic of 15 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. BB&T Capital initiated shares on November 10 with “Buy” rating. Evercore maintained shares with “Hold” rating and $82 target share price in a report from a September 8. Deutsche Bank maintained CPT stock in a recent report from November 3 with “Hold” rating. Zacks upgraded the rating on September 7. Zacks has a “Buy” rating and a $78 price target on shares. Finally, DA Davidson initiated the stock with “Buy” rating in a report issued on a September 18.

Approximately 139,009 shares of stock traded hands. Camden Property Trust (NYSE:CPT) has risen 0.80% since May 13, 2015 and is uptrending. It has outperformed by 3.42% the S&P500.

The overall sentiment of institutions has increased to 0.99 in Q2 2015. Its up 0.05, from 0.94 in 2015Q2. The ratio increased, as 22 institutions have sold all the shares of Camden Property Trust that they owned while 123 funds have taken shares off the table. 47 funds have purchased shares for the first time while 96 added to their positions. These institutions now hold 97.24 million shares or 10.67% more than the 87.87 million shares they owned in 2015Q2.

The Fund Presima Inc. currently is holding shares equating to 7.13% of its total portfolio in Camden Property Trust representing a total of 529,500 shares. Another fund,Lasalle Investment Management Securities Llc, is holding a total of 5.31 million shares equating to 4.62% of their holdings. Additionally, Breton Hill Capital Ltd. has a 81,953 share stake in Camden Property Trust which represents 2.66% of their total portfolio. The Fund, Harrison Street Securities Llc, based out of Illinois, has also built up a stake in the stock, which represents a total of 2.39% of their total portfolio. Finally Aew Capital Management L P, a fund which is based in the state of Massachusetts reported a total holdings of 1.37 million shares.

Insider activity is a very important aspect to track on any stock. Going back to March 10, 2015, shareholders of Camden Property Trust have witnessed 0 insider purchases, and a total of 2 sales equating to a net activity of approximately $1.10 million . Levey Lewis A sold 4,314 shares worth approximately $303,274. Stewart H Malcolm sold 12,427 shares worth approximately $991,773. Sengelmann William W. sold 5,494 shares worth approximately $436,713. Ingraham Scott S sold 10,000 shares worth approximately $800,800.

Camden Property Trust is a real estate investment trust . The company has a market cap of $6.51 billion. The Firm is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. It has 18.62 P/E ratio. The Companies 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.

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.”