Wells Fargo & Company Cuts Camden Property Trust (NYSE:CPT) Price Target to $110.00

Key Points

• Wells Fargo lowered Camden Property Trust’s price target to $110 from $113 while maintaining an “equal weight” rating, implying approximately 3.62% upside from the stock’s $106.16 price.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $116.08; 12 analysts rate the stock Hold, compared with three Buys and two Sells.
• Camden reported quarterly EPS of $0.18, well below the $1.67 consensus estimate, although revenue of $396.07 million exceeded expectations and increased 7.4% year over year. Institutional investors and hedge funds own 97.22% of the stock.

Camden Property Trust (NYSE:CPT - Get Free Report) had its target price decreased by equities research analysts at Wells Fargo & Company from $113.00 to $110.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target points to a potential upside of 3.62% from the stock's current price.

CPT has been the topic of a number of other reports. Barclays lifted their price objective on shares of Camden Property Trust from $122.00 to $123.00 and gave the company an "equal weight" rating in a research note on Monday, August 17th. Morgan Stanley reduced their target price on Camden Property Trust from $120.00 to $118.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $114.00 price target on shares of Camden Property Trust in a research note on Monday, July 20th. Scotiabank boosted their price target on Camden Property Trust from $102.00 to $109.00 and gave the stock a "sector underperform" rating in a report on Thursday, July 9th. Finally, Royal Bank Of Canada raised their price objective on Camden Property Trust from $104.00 to $105.00 and gave the company a "sector perform" rating in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $116.08.

Camden Property Trust Price Performance

CPT stock traded up $0.36 during midday trading on Tuesday, reaching $106.16. The company had a trading volume of 41,197 shares, compared to its average volume of 1,142,432. Camden Property Trust has a 1-year low of $96.53 and a 1-year high of $119.81. The stock has a 50 day moving average price of $111.84 and a 200-day moving average price of $107.58. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 7.54 and a beta of 0.77.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.67 by ($1.49). Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%.The firm had revenue of $396.07 million for the quarter, compared to analyst estimates of $392.88 million. During the same quarter in the previous year, the company earned $1.70 earnings per share. The company's quarterly revenue was up 7.4% on a year-over-year basis. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. Equities research analysts expect that Camden Property Trust will post 6.75 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Camden Property Trust by 1.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,453 shares of the real estate investment trust's stock worth $2,257,000 after acquiring an additional 336 shares during the last quarter. Focus Partners Wealth raised its holdings in Camden Property Trust by 2.4% during the 1st quarter. Focus Partners Wealth now owns 7,573 shares of the real estate investment trust's stock worth $926,000 after purchasing an additional 175 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Camden Property Trust by 4.8% in the 2nd quarter. Baird Financial Group Inc. now owns 4,600 shares of the real estate investment trust's stock worth $518,000 after purchasing an additional 210 shares during the period. Walleye Capital LLC bought a new stake in shares of Camden Property Trust in the 2nd quarter valued at $219,000. Finally, Federated Hermes Inc. boosted its stake in shares of Camden Property Trust by 265.0% in the 2nd quarter. Federated Hermes Inc. now owns 4,917 shares of the real estate investment trust's stock valued at $554,000 after purchasing an additional 3,570 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

About Camden Property Trust

Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company's core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden's asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.

Camden's portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.

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