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

Camden Property Trust (NYSE:CPT) had its price target lowered by Wells Fargo & Company from $111.00 to $110.00 in a research report released on Tuesday, MarketBeat reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

CPT has been the subject of a number of other research reports. Barclays set a $118.00 target price on shares of Camden Property Trust and gave the stock an “equal weight” rating in a research note on Tuesday. Royal Bank Of Canada cut their price objective on shares of Camden Property Trust from $111.00 to $110.00 and set a “sector perform” rating for the company in a research report on Monday, November 10th. Citigroup decreased their target price on Camden Property Trust from $138.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 14th. Evercore ISI dropped their price target on Camden Property Trust from $115.00 to $108.00 and set an “in-line” rating for the company in a report on Monday, November 3rd. Finally, Mizuho reduced their price target on Camden Property Trust from $115.00 to $114.00 and set an “outperform” rating for the company in a research note on Monday. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $117.99.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $106.16 on Tuesday. The company has a fifty day moving average price of $103.48 and a 200 day moving average price of $109.45. The firm has a market cap of $11.30 billion, a PE ratio of 74.24, a PEG ratio of 3.31 and a beta of 0.81. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. Camden Property Trust has a 1-year low of $97.17 and a 1-year high of $127.65.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 EPS for the quarter, topping the consensus estimate of $1.68 by $0.02. The firm had revenue of $398.24 million for the quarter, compared to analysts’ expectations of $397.89 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The company’s revenue for the quarter was up 2.2% 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 Q4 2025 guidance at 1.710-1.750 EPS. FY 2025 guidance at 6.830-6.87 EPS. Research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.20 annualized dividend and a dividend yield of 4.0%. Camden Property Trust’s dividend payout ratio (DPR) is presently 170.04%.

Institutional Investors Weigh In On Camden Property Trust

Institutional investors have recently modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new position in Camden Property Trust in the third quarter valued at approximately $25,000. Quent Capital LLC bought a new stake in shares of Camden Property Trust in the 3rd quarter valued at $29,000. Loomis Sayles & Co. L P acquired a new position in shares of Camden Property Trust during the 2nd quarter valued at $32,000. Hantz Financial Services Inc. boosted its stake in Camden Property Trust by 524.4% during the third quarter. Hantz Financial Services Inc. now owns 281 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 236 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Camden Property Trust during the second quarter worth $32,000. 97.22% of the stock is owned by institutional investors.

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.