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

Camden Property Trust (NYSE:CPT) had its target price dropped by equities research analysts at Wells Fargo & Company from $127.00 to $120.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 8.29% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Barclays reduced their target price on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $121.00 price objective on shares of Camden Property Trust in a research note on Wednesday. Finally, Jefferies Financial Group started coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and a consensus price target of $125.36.

Camden Property Trust Trading Up 0.7 %

NYSE CPT traded up $0.80 during mid-day trading on Friday, reaching $110.81. 41,686 shares of the stock were exchanged, compared to its average volume of 808,602. The business’s fifty day simple moving average is $117.72 and its 200 day simple moving average is $118.67. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market capitalization of $11.82 billion, a PE ratio of 35.07, a PEG ratio of 4.03 and a beta of 0.94. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Insider Activity at Camden Property Trust

In related news, Director Heather J. Brunner sold 1,853 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the sale, the director now directly owns 10,537 shares of the company’s stock, valued at $1,206,486.50. This represents a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,413 shares of company stock valued at $2,895,718. Insiders own 1.80% of the company’s stock.

Institutional Trading of Camden Property Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. grew its position in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 98 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Camden Property Trust during the 3rd quarter valued at approximately $38,000. MassMutual Private Wealth & Trust FSB lifted its stake in Camden Property Trust by 117.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 206 shares during the last quarter. American Capital Advisory LLC boosted its holdings in Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 128 shares during the period. Finally, Sentry Investment Management LLC bought a new stake in Camden Property Trust during the third quarter valued at $62,000. 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.