Wells Fargo & Company Issues Pessimistic Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price objective reduced by Wells Fargo & Company from $127.00 to $120.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 8.48% from the company’s previous close.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Scotiabank reduced their price objective on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 target price on the stock. Finally, Mizuho lowered their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and a consensus target price of $125.36.

Camden Property Trust Trading Up 0.6 %

NYSE:CPT opened at $110.62 on Friday. The company has a market capitalization of $11.80 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 4.03 and a beta of 0.94. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The stock has a fifty day simple moving average of $117.32 and a 200-day simple moving average of $118.70. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares in the company, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the sale, the chief financial officer now owns 124,246 shares in the company, valued at $14,226,167. This represents a 9.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock valued at $2,895,718 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CPT. UMB Bank n.a. boosted its position in 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 valued at $26,000 after buying an additional 98 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Camden Property Trust by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 113 shares during the last quarter. Doliver Advisors LP grew its stake in Camden Property Trust by 6.7% during the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 113 shares in the last quarter. American Capital Advisory LLC increased its holdings in Camden Property Trust by 42.7% during the 3rd 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 last quarter. Finally, ProShare Advisors LLC raised its position in shares of Camden Property Trust by 0.5% in the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after purchasing an additional 146 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

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.