Zacks Investment Research downgraded Camden Property Trust (NYSE:CPT) to Hold in a report released today.
- Updated: November 30, 2016
Yesterday Camden Property Trust (NYSE:CPT) traded 0.70% higher at $79.26. The company’s 50-day moving average is $78.63 and its 200-day moving average is $84.08. The last stock close price is down -5.73% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 917,786 shares of the stock were exchanged, up from an average trading volume of 695,300
Zacks Investment Research has downgraded Camden Property Trust (NYSE:CPT) to Hold in a report released on 11/30/2016.
Previously on 11/29/2016, Zacks Investment Research reported about Camden Property Trust (NYSE:CPT) raised the target price from $0.00 to $89.00. At the time, this indicated a possible upside of 0.13%.
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Camden Property Trust has a 52 week low of $69.76 and a 52 week high of $90.91 with a P/E ratio of 8.55 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 21 firms have reported on the stock. The consensus target price is $85.29 with 3 firms rating the stock a strong buy, 4 firms rating the stock a buy, 13 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
About Camden Property Trust (NYSE:CPT)
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 Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment. The Company 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. Its 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. Its operating properties have over 200 apartment homes. Its properties include Camden Copper Square, Camden Montierra and Camden Ballantyne.
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