Camden Property Trust (NYSE:CPT) Price Target Cut to $111.00 by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo & Company has reduced the price target for Camden Property Trust (CPT) from $112.00 to $111.00, maintaining an "equal weight" rating on the stock.
• Camden Property Trust has received mixed reviews from analysts, with six Buy ratings, nine Hold ratings, and two Sell ratings, resulting in an average price target of $121.61.
• In the most recent earnings report, Camden Property Trust reported $1.70 earnings per share, slightly above the consensus estimate, along with a revenue of $396.51 million for the quarter.

Camden Property Trust (NYSE:CPT - Get Free Report) had its target price dropped by stock analysts at Wells Fargo & Company from $112.00 to $111.00 in a research note issued on Monday,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 9.19% from the company's previous close.

Several other research analysts have also weighed in on CPT. Morgan Stanley cut their price objective on shares of Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Barclays lowered their price objective on shares of Camden Property Trust from $128.00 to $127.00 and set an "overweight" rating for the company in a research report on Tuesday, September 30th. UBS Group lowered their price target on shares of Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. Scotiabank decreased their price target on shares of Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating for the company in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a research report on Tuesday, June 17th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Camden Property Trust has an average rating of "Hold" and an average price target of $121.61.

Camden Property Trust Trading Down 0.3%

Shares of CPT stock opened at $101.66 on Monday. Camden Property Trust has a twelve month low of $100.60 and a twelve month high of $127.65. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The business's 50 day moving average is $107.39 and its two-hundred day moving average is $112.19. The company has a market capitalization of $10.86 billion, a P/E ratio of 71.09, a price-to-earnings-growth ratio of 3.45 and a beta of 0.80.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.01. The company had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The firm's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 earnings per share. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. Equities analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors have recently made changes to their positions in CPT. State Street Corp raised its position in Camden Property Trust by 2.0% during the second quarter. State Street Corp now owns 7,452,448 shares of the real estate investment trust's stock valued at $847,524,000 after acquiring an additional 147,684 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Camden Property Trust by 1.8% in the second quarter. Geode Capital Management LLC now owns 2,961,433 shares of the real estate investment trust's stock worth $332,432,000 after purchasing an additional 51,357 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in Camden Property Trust by 3.6% during the first quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust's stock valued at $319,711,000 after buying an additional 91,752 shares in the last quarter. Invesco Ltd. lifted its position in shares of Camden Property Trust by 34.5% in the second quarter. Invesco Ltd. now owns 2,375,058 shares of the real estate investment trust's stock worth $267,645,000 after buying an additional 609,697 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Camden Property Trust by 9.2% during the 1st quarter. Wellington Management Group LLP now owns 2,271,077 shares of the real estate investment trust's stock worth $277,753,000 after acquiring an additional 192,133 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.

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