Wells Fargo & Company Cuts Camden Property Trust (NYSE:CPT) Price Target to $106.00

Camden Property Trust (NYSE:CPT) had its target price trimmed by Wells Fargo & Company from $110.00 to $106.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

Several other equities research analysts also recently weighed in on CPT. UBS Group increased their price target on Camden Property Trust from $105.00 to $108.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Piper Sandler set a $108.00 price target on Camden Property Trust in a research report on Tuesday, January 27th. Cantor Fitzgerald increased their price target on Camden Property Trust from $105.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Barclays cut their price target on Camden Property Trust from $119.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Finally, Scotiabank cut their price target on Camden Property Trust from $115.00 to $113.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 4th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $114.91.

Camden Property Trust Price Performance

NYSE CPT opened at $101.72 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.14 and a quick ratio of 0.14. The stock’s fifty day moving average price is $103.00 and its 200 day moving average price is $104.70. Camden Property Trust has a 1 year low of $96.53 and a 1 year high of $121.33. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 6.97 and a beta of 0.83.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, February 5th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.29). Camden Property Trust had a net margin of 24.43% and a return on equity of 8.36%. The firm had revenue of $396.08 million during the quarter, compared to analyst estimates of $393.05 million. During the same period in the previous year, the company earned $1.73 earnings per share. Camden Property Trust’s revenue was up 1.2% on a year-over-year basis. Camden Property Trust has set its Q1 2026 guidance at 1.640-1.680 EPS and its FY 2026 guidance at 6.600-6.900 EPS. As a group, equities research analysts forecast that Camden Property Trust will post 6.74 earnings per share for the current year.

Camden Property Trust announced that its board has approved a share buyback plan on Thursday, February 5th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 5.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Tuesday, March 31st were given a dividend of $1.06 per share. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.05. The ex-dividend date was Tuesday, March 31st. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.2%. Camden Property Trust’s payout ratio is 119.77%.

Insider Activity at Camden Property Trust

In other news, COO Laurie Baker sold 2,168 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $108.40, for a total transaction of $235,011.20. Following the sale, the chief operating officer directly owned 94,468 shares in the company, valued at $10,240,331.20. This trade represents a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Camden Property Trust

A number of institutional investors have recently modified their holdings of the business. Legacy Wealth Asset Management LLC grew its position in shares of Camden Property Trust by 1.6% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,074 shares of the real estate investment trust’s stock valued at $669,000 after acquiring an additional 93 shares during the period. New Mexico Educational Retirement Board grew its position in shares of Camden Property Trust by 2.1% during the 4th quarter. New Mexico Educational Retirement Board now owns 4,900 shares of the real estate investment trust’s stock valued at $539,000 after acquiring an additional 100 shares during the period. Hantz Financial Services Inc. grew its position in shares of Camden Property Trust by 38.1% during the 4th quarter. Hantz Financial Services Inc. now owns 388 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 107 shares during the period. Norinchukin Bank The grew its position in shares of Camden Property Trust by 1.0% during the 3rd quarter. Norinchukin Bank The now owns 11,178 shares of the real estate investment trust’s stock valued at $1,194,000 after acquiring an additional 107 shares during the period. Finally, Osaic Holdings Inc. grew its position in shares of Camden Property Trust by 0.8% during the 2nd quarter. Osaic Holdings Inc. now owns 14,319 shares of the real estate investment trust’s stock valued at $1,615,000 after acquiring an additional 110 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Company Profile

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.