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

Camden Property Trust (NYSE:CPT) had its price objective cut by equities researchers at Wells Fargo & Company from $127.00 to $120.00 in a report issued on Friday,Benzinga reports. The firm currently 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 stock’s current price.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada restated a “sector perform” rating and set a $121.00 price objective on shares of Camden Property Trust in a research note on Wednesday. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Stifel Nicolaus downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating and boosted their price objective for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. Scotiabank cut their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, Barclays lowered their target price on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $125.36.

Camden Property Trust Trading Up 0.6 %

Shares of NYSE CPT opened at $110.62 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $117.32 and its two-hundred day moving average price is $118.70. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The stock has a market capitalization of $11.80 billion, a P/E ratio of 35.01, a PEG ratio of 4.03 and a beta of 0.94.

Insider Transactions at Camden Property Trust

In other news, CFO Alexander J. Jessett sold 13,067 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,413 shares of company stock valued at $2,895,718. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Camden Property Trust

Large investors have recently added to or reduced their stakes in the business. Boston Trust Walden Corp lifted its position in shares of Camden Property Trust by 3.9% during the 4th quarter. Boston Trust Walden Corp now owns 294,595 shares of the real estate investment trust’s stock valued at $34,185,000 after acquiring an additional 11,163 shares during the last quarter. Jennison Associates LLC raised its position in shares of Camden Property Trust by 20.9% during the fourth quarter. Jennison Associates LLC now owns 461,504 shares of the real estate investment trust’s stock worth $53,553,000 after purchasing an additional 79,896 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Camden Property Trust by 0.4% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 46,846 shares of the real estate investment trust’s stock valued at $5,436,000 after purchasing an additional 194 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Camden Property Trust in the 4th quarter valued at $444,000. Finally, First Affirmative Financial Network increased its stake in Camden Property Trust by 12.5% in the 4th quarter. First Affirmative Financial Network now owns 2,138 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 238 shares in the last quarter. 97.22% of the stock is currently owned by 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.