In a report released today, Anthony Powell from Barclays downgraded Camden Property (CPT – Research Report) to a Hold, with a price target of $100.00. The company’s shares closed last Friday at $96.16.
According to TipRanks, Powell is an analyst with an average return of -4.9% and a 43.87% success rate. Powell covers the Real Estate sector, focusing on stocks such as Cousins Properties, SL Green Realty, and Boston Properties.
In addition to Barclays, Camden Property also received a Hold from Scotiabank’s Nicholas Yulico in a report issued on February 2. However, on February 5, Piper Sandler assigned a Sell rating to Camden Property (NYSE: CPT).
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Based on Camden Property’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.08 million and a net profit of $47.96 million. In comparison, last year the company earned a revenue of $617 thousand and had a net profit of $29.84 million
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPT in relation to earlier this year.
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Camden Property (CPT) Company Description:
Camden Property Trust operates as a real estate investment trust, which engages in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. It focuses on maintaining a geographically portfolio of apartment homes located across the U.S. The company was founded by Richard J. Campo and D. Keith Oden on May 25, 1993 and is headquartered in Houston, TX.
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