Citigroup Reaffirms Their Hold Rating on Camden Property (CPT)

Citigroup analyst Nick Joseph maintained a Hold rating on Camden Property (CPTResearch Report) on February 7 and set a price target of $130.00. The company’s shares opened today at $124.45.

In addition to Citigroup, Camden Property also received a Hold from J.P. Morgan’s Anthony Paolone in a report issued on February 6. However, yesterday, RBC Capital maintained a Buy rating on Camden Property (NYSE: CPT).

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Based on Camden Property’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $375.91 million and a net profit of $45.71 million. In comparison, last year the company earned a revenue of $305.36 million and had a net profit of $212.9 million

Based on the recent corporate insider activity of 20 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. Last month, William Sengelmann, the EVP – Real Estate Investments of CPT sold 10,292.00 shares for a total of $1,158,551.38.

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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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