Citigroup Maintains Camden Property Trust to Neutral with Price Target $84.00

Brokerage firm Citigroup Maintains its rating on Camden Property Trust(NYSE:CPT). In a research note issued to the investors, the brokerage major Lowers the price-target to $84.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Sep 30, 2016.

In a different note, On Sep 13, 2016, UBS said it Downgrades its rating on Camden Property Trust. In the research note, the firm Lowers the price-target to $85.00 per share. The shares have been rated ‘Sell’ by the firm. BTIG Research said it Initiates Coverage on Camden Property Trust, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Aug 12, 2016, Barclays said it Maintains its rating on Camden Property Trust. In the research note, the firm Raises the price-target to $92.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 10, 2016, Baird said it Downgrades its rating on Camden Property Trust. The shares have been rated ‘Neutral’ by the firm. On Aug 4, 2016, Citigroup said it Maintains its rating on Camden Property Trust. In the research note, the firm Raises the price-target to $87.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 1, 2016, Mizuho Securities said it Downgrades its rating on Camden Property Trust. In the research note, the firm Raises the price-target to $92.00 per share. The shares have been rated ‘Neutral’ by the firm.

Camden Property Trust (CPT) shares turned negative on Tuesdays trading session with the shares closing down -0.92 points or -1.12% at a volume of 9,06,522. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $81.74. The peak price level was also seen at $81.74 while the days lowest was $80.185. Finally the shares closed at $81. The 52-week high of the shares is $90.91 while the 52-week low is $67.27. According to the latest information available, the market cap of the company is $7,080 M.

Camden Property Trust(CPT) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $221.48M. Analysts had an estimated revenue of $220.29M. Earnings per share were $0.99. Analysts had estimated an EPS of $1.15.

Several Insider Transactions has been reported to the SEC. On Sep 23, 2016, William W. Sengelmann (EVP – Real Estate Investments) sold 5,878 shares at $85.56 per share price.Also, On Sep 9, 2016, H Malcolm Stewart (Chief Operating Officer) sold 11,122 shares at $89.68 per share price.On Aug 4, 2016, D Keith Oden (President) sold 22,318 shares at $88.33 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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