Camden Property Trust Announces Senior Leadership Changes

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: 4 days ago

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CPT+0.91%

Should l Buy CPT?

Source: Newsfilter

Executive Promotions: Camden Property Trust has promoted Alexander J. Jessett to Chief Executive Officer, joining the Board of Trust Managers, which signifies a pivotal leadership change aimed at ensuring effective management in the future.
Leadership Team Restructuring: Laurie A. Baker has been elevated to President and Chief Operating Officer, overseeing operational strategies that further enhance the company's capabilities in the multifamily apartment market.
Financial Leadership Transition: Benjamin D. Fraker has been promoted to Chief Financial Officer and Treasurer, responsible for financial planning and capital market transactions, ensuring robust financial management and transparency for the company.
Founder's Role Enhancement: Richard J. Campo will serve as Executive Chairman, continuing to influence the company's strategic direction, thereby ensuring sustained growth and development in the years ahead.

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Analyst Views on CPT

Wall Street analysts forecast CPT stock price to rise

16 Analyst Rating

8 Buy

7 Hold

1 Sell

Moderate Buy

Current: 97.840

Low

118.00

Averages

130.12

High

144.00

Current: 97.840

Low

118.00

Averages

130.12

High

144.00

Morgan Stanley

Adam Kramer

Equal Weight

downgrade

$123 -> $119

2026-03-16

Reason

Morgan Stanley

Adam Kramer

Price Target

$123 -> $119

AI Analysis

2026-03-16

downgrade

Equal Weight

Reason

Morgan Stanley analyst Adam Kramer lowered the firm's price target on Camden Property to $119 from $123 and keeps an Equal Weight rating on the shares. The firm updated its models for Q4 earnings and FY26 guidance.

Barclays

Equal Weight

downgrade

$119 -> $115

2026-03-06

Reason

Barclays

Price Target

$119 -> $115

2026-03-06

downgrade

Equal Weight

Reason

Barclays lowered the firm's price target on Camden Property to $115 from $119 and keeps an Equal Weight rating on the shares. The firm reduced estimates in the residential real estate investment trust sector.

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About CPT

Camden Property Trust is a real estate investment trust (REIT). The Company and its subsidiaries are primarily engaged in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. It owns and operates approximately 175 properties containing 59,210 apartment homes across the United States. It has three properties under development and will consist of a total of 60,348 apartment homes. Its properties typically consist of mid-rise buildings or two-and three-story buildings in a landscaped setting, as well as high-rise buildings, and provide residents with a variety of amenities common to multifamily rental properties. The Company's properties include Camden Chandler, Camden Copper Square, Camden Foothills, Camden Legacy, and others. Its properties are located in Arizona, California, Colorado, Washington District of Columbia (DC) Metro, Florida and others.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Camden Property Trust Announces Executive Promotions

4 days agoseekingalpha

Executive Promotions: Camden Property Trust has promoted Alexander J. Jessett to CEO, joining the Board of Trust Managers, while Laurie A. Baker becomes President and COO, and Benjamin D. Fraker is appointed Executive VP, CFO, and Treasurer, indicating a strategic shift in leadership.
Extensive Management Experience: Jessett, who joined in 1999, previously served as President and CFO overseeing critical areas such as Finance and Capital Markets, reflecting the company's strong confidence in his leadership capabilities.
Leadership Stability: Co-Founder Richard J. Campo will serve as Executive Chairman of the Board, while D. Keith Oden remains Executive Vice Chairman, ensuring consistency and stability in the company's strategic direction.
Future Growth Strategy: Camden Property Trust outlines plans for a $1.5B to $2B asset sale in California and projects a core FFO midpoint of $675 million for 2026, highlighting its proactive approach to expanding in the Sun Belt market.