Zelman Downgrades Camden Property Trust to Sell

Brokerage firm Zelman Downgrades its rating on Camden Property Trust(NYSE:CPT). The shares have been rated Sell. Previously, the analysts had a Hold rating on the shares. The rating by Zelman was issued on Jun 22, 2016.

In a different note, On Jun 2, 2016, SunTrust Robinson Humphrey said it Downgrades its rating on Camden Property Trust. The shares have been rated ‘Neutral’ by the firm. On May 13, 2016, Deutsche Bank said it Maintains its rating on Camden Property Trust. In the research note, the firm Lowers the price-target to $84.00 per share. The shares have been rated ‘Hold’ by the firm. On May 9, 2016, Citigroup said it Downgrades its rating on Camden Property Trust. The shares have been rated ‘Hold’ by the firm.

Camden Property Trust (CPT) made into the market gainers list on Mondays trading session with the shares advancing 0.98% or 0.83 points. Due to strong positive momentum, the stock ended at $85.32, which is also near the day’s high of $85.64. The stock began the session at $84.09 and the volume stood at 6,99,955 shares. The 52-week high of the shares is $87.19 and the 52 week low is $67.27. The company has a current market capitalization of $7,423 M and it has 8,69,98,140 shares in outstanding.

Camden Property Trust(CPT) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $217.59M. Analysts had an estimated revenue of $231.65M. Earnings per share were $1.20. Analysts had estimated an EPS of $1.19.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, Alexander J. Jessett (EVP – Finance & CFO) sold 11,936 shares at $85.07 per share price.Also, On May 31, 2016, William F Paulsen (director) sold 1,460 shares at $85.10 per share price.On May 26, 2016, Michael P Gallagher (Chief Accounting Officer) sold 13,703 shares at $84.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership management development redevelopment acquisition and construction of multifamily apartment communities. 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. As of December 31 2014 the Company owned interests in operated or was developing 181 multifamily properties consisting of 63163 apartment homes across the United States. The Company’s properties include Camden Copper Square Camden Montierra Camden Sea Palms Camden Tuscany Camden Belleview Station Camden Denver West Camden Fallsgrove Camden Summerfield Camden Bay Camden Brookwood and Camden Ballantyne among others.

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