Today’s Rating: Is Camden Property (CPT) Worth Your Time After BofA Merrill’s Upgrade?

November 23, 2016 - By Marie Mckinney

Today's Rating:  Is Camden Property (CPT) Worth Your Time After BofA Merrill's Upgrade?

Camden Property (CPT) Upgrade

BofA Merrill increased Camden Property (CPT)‘s stock to a Buy rating from Neutral. The rating change was revealed in a a research report today.

About 265,051 shares traded hands. Camden Property Trust (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 2016 Q2. Its the same as in 2016Q1. The ratio is without 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.

Ranger Intll Mngmt Lp has 2.59% invested in the company for 69,150 shares. Parametric Associate Lc, a Washington-based fund reported 103,356 shares. Mackenzie holds 8,662 shares or 0% of its portfolio. Wellington Mgmt Limited Liability Partnership owns 48,475 shares or 0% of their US portfolio. Louisiana State Employees Retirement System has 23,100 shares for 0.11% of their US portfolio. Qs Investors Ltd last reported 83,989 shares in the company. Presima has 0.64% invested in the company for 46,000 shares. Principal Fin Gp Inc last reported 0.04% of its portfolio in the stock. Westwood Holdg Gp Inc last reported 13,047 shares in the company. State Of Wisconsin Invest Board holds 0.03% or 85,143 shares in its portfolio. Commerzbank Aktiengesellschaft Fi holds 2,613 shares or 0% of its portfolio. State Street owns 4.42 million shares or 0.04% of their US portfolio. Mai Cap Management has 0.05% invested in the company for 7,177 shares. Pggm Invs holds 800,511 shares or 0.36% of its portfolio. Oakbrook Invests Limited Com reported 4,308 shares or 0.02% of all its holdings.

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 6 insider sales for $6.62 million net activity. The insider STEWART H MALCOLM sold 11,122 shares worth $996,831. $334,559 worth of Camden Property Trust (NYSE:CPT) shares were sold by LEVEY LEWIS A. ODEN D KEITH also sold $1.97M worth of Camden Property Trust (NYSE:CPT) on Tuesday, August 2. 5,878 shares were sold by Sengelmann William W., worth $502,922 on Thursday, September 22. $1.97 million worth of shares were sold by CAMPO RICHARD J on Tuesday, August 2. The insider MCGUIRE WILLIAM B sold 2,124 shares worth $173,658. Gallagher Michael P sold $1.16M worth of Camden Property Trust (NYSE:CPT) on Wednesday, May 25.

Camden Property Trust is a real estate investment trust . The company has a market cap of $6.94 billion. The Firm is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. It has a 15.51 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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