Rating Flow: Bank of America (Merrill Lynch) Gives Camden Property (NYSE:CPT) a Better “Buy” Rating

November 23, 2016 - By whatsonthorold

Rating Flow:  Bank of America (Merrill Lynch) Gives Camden Property (NYSE:CPT) a Better

Camden Property (NYSE:CPT) Upgrade

Bank of America (Merrill Lynch) increased the shares of Camden Property (NYSE:CPT) from a “Neutral” rating to “Buy” rating in a analysts note revealed on Wednesday morning.

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. $95 is the highest target while $77 is the lowest. The $85.36 average target is 10.14% above today’s ($77.5) stock price. Camden Property has been the topic of 30 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Monday, July 18 by Deutsche Bank. The stock of Camden Property Trust (NYSE:CPT) has “Neutral” rating given on Wednesday, August 10 by Robert W. Baird. The firm earned “Underperform” rating on Friday, October 30 by BMO Capital Markets. The company was maintained on Thursday, August 4 by Citigroup. The firm earned “Buy” rating on Friday, September 18 by DA Davidson. As per Tuesday, November 10, the company rating was initiated by BB&T Capital. The stock has “Buy” rating given by Mizuho on Monday, March 21. The stock has “Buy” rating given by Evercore on Monday, August 24. The rating was upgraded by Zacks on Monday, August 24 to “Hold”. The firm has “Overweight” rating given on Tuesday, July 19 by Barclays Capital.

About 436,539 shares traded hands. Camden Property Trust (NYSE:CPT) has declined 2.98% since April 21, 2016 and is downtrending. It has underperformed by 8.31% the S&P500.

Insitutional Activity: The institutional sentiment is 0.99 in Q2 2016. Its the same as in 2016Q1. The ratio has no change, as 44 funds sold all Camden Property Trust shares owned while 99 reduced positions. only 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.

Amalgamated Commercial Bank accumulated 11,631 shares or 0.06% of the stock. Korea Inv Corp has 95,300 shares for 0.05% of their US portfolio. Salient Trust Com Lta, a Texas-based fund reported 14,400 shares. Moreover, Nuveen Asset Mngmt Ltd has 0.27% invested in Camden Property Trust (NYSE:CPT) for 503,991 shares. Aew Cap Ltd Partnership, a Massachusetts-based fund reported 1.58M shares. Manufacturers Life The holds 0.02% of its portfolio in Camden Property Trust (NYSE:CPT) for 118,038 shares. First Manhattan holds 0.03% or 51,165 shares in its portfolio. Moreover, Daiwa has 1.38% invested in Camden Property Trust (NYSE:CPT) for 2.61M shares. Pensionfund Dsm Netherlands has 0.36% invested in the company for 30,369 shares. Eagle Asset holds 0.61% of its portfolio in Camden Property Trust (NYSE:CPT) for 990,060 shares. Ontario Teachers Pension Plan Board holds 0.01% or 7,396 shares in its portfolio. Caisse De Depot Et Placement Du Quebec last reported 0% of its portfolio in the stock. Asset Management holds 41,986 shares or 0.06% of its portfolio. Shelton Capital Mgmt holds 0.06% of its portfolio in Camden Property Trust (NYSE:CPT) for 8,278 shares. Shinko Asset Limited accumulated 1.57% or 2.52 million shares.

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 6 selling transactions for $6.62 million net activity. On Tuesday, August 2 the insider ODEN D KEITH sold $1.97 million. Sengelmann William W. also sold $502,922 worth of Camden Property Trust (NYSE:CPT) on Thursday, September 22. Another trade for 11,446 shares valued at $998,905 was sold by STEWART H MALCOLM. 3,949 shares were sold by LEVEY LEWIS A, worth $334,559. $1.02M worth of shares were sold by Jessett Alexander J. on Friday, May 27. The insider CAMPO RICHARD J sold 22,318 shares worth $1.97 million. $1.16 million worth of shares were sold by Gallagher Michael P on Wednesday, May 25.

Camden Property Trust is a real estate investment trust . The company has a market cap of $6.93 billion. The Firm is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. It has a 15.49 P/E ratio. The Firm operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

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.”

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.

More notable recent Camden Property Trust (NYSE:CPT) news were published by: Fortune.com which released: “Camden Property Trust” on November 09, 2015, also Chron.com with their article: “Camden Property Trust facing declining Houston apartment market” published on October 28, 2016, Thestreet.com published: “Camden Property Trust CEO Campo Just Wants Election to Be Over” on November 07, 2016. More interesting news about Camden Property Trust (NYSE:CPT) were released by: Costar.com and their article: “Leaving Las Vegas: Camden Property Trust Sells Entire Nevada Portfolio to …” published on May 02, 2016 as well as Businesswire.com‘s news article titled: “Camden Property Trust Announces Participation in Bank of America Merrill Lynch …” with publication date: September 09, 2016.

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