Wells Fargo & Company Has Lowered Expectations for Camden Property Trust (NYSE:CPT) Stock Price

Key Points

• Wells Fargo & Company has lowered its price target for Camden Property Trust from $120.00 to $112.00, maintaining an "equal weight" rating.
• Other analysts, including Citigroup and JPMorgan Chase & Co., have also reduced their price targets for Camden, reflecting cautious sentiment in the market.
• Camden Property Trust reported an EPS of $1.70 in its last earnings update, slightly exceeding analysts' expectations, and projects FY 2025 guidance between 6.760-6.860 EPS.

Camden Property Trust (NYSE:CPT - Get Free Report) had its price objective dropped by equities research analysts at Wells Fargo & Company from $120.00 to $112.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target suggests a potential upside of 2.47% from the company's previous close.

CPT has been the topic of a number of other research reports. Citigroup lowered their price target on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. JPMorgan Chase & Co. lifted their price target on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a report on Tuesday, June 17th. Piper Sandler lowered their price target on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. UBS Group lowered their price target on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. Finally, Barclays lowered their price target on Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Camden Property Trust presently has a consensus rating of "Hold" and an average target price of $124.04.

Camden Property Trust Stock Performance

Shares of NYSE CPT opened at $109.30 on Wednesday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 76.43, a PEG ratio of 3.69 and a beta of 0.78. The stock's fifty day simple moving average is $111.36 and its 200 day simple moving average is $115.25. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The business had revenue of $396.51 million for the quarter, compared to analysts' expectations of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The company's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 EPS. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. As a group, sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camden Property Trust

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

About Camden Property Trust

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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