Wedbush Boosts Camden Property Trust (NYSE:CPT) Price Target to $118.00

Camden Property Trust (NYSE:CPT) had its price target raised by stock analysts at Wedbush from $110.00 to $118.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Wedbush’s price target suggests a potential upside of 11.33% from the stock’s previous close. Wedbush also issued estimates for Camden Property Trust’s Q3 2024 earnings at $1.69 EPS and FY2025 earnings at $6.90 EPS.

Several other research firms also recently commented on CPT. Barclays downgraded Camden Property Trust from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $138.00 to $100.00 in a research report on Tuesday, February 20th. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Truist Financial raised their price objective on Camden Property Trust from $113.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Royal Bank of Canada restated an “outperform” rating and set a $103.00 price objective on shares of Camden Property Trust in a research report on Monday, February 5th. Finally, Mizuho raised their price objective on Camden Property Trust from $99.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $107.06.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $105.99 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $11.54 billion, a PE ratio of 25.98, a P/E/G ratio of 3.94 and a beta of 0.82. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The stock has a 50-day moving average price of $98.42 and a two-hundred day moving average price of $95.49.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds have recently added to or reduced their stakes in CPT. Norges Bank acquired a new stake in Camden Property Trust in the fourth quarter valued at approximately $376,933,000. Centersquare Investment Management LLC grew its stake in Camden Property Trust by 2,517.6% in the fourth quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock valued at $138,841,000 after acquiring an additional 1,344,923 shares during the period. JPMorgan Chase & Co. grew its stake in Camden Property Trust by 41.6% in the third quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock valued at $382,575,000 after acquiring an additional 1,187,974 shares during the period. BNP Paribas Financial Markets grew its stake in Camden Property Trust by 111.4% in the fourth quarter. BNP Paribas Financial Markets now owns 573,956 shares of the real estate investment trust’s stock valued at $56,988,000 after acquiring an additional 302,439 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Camden Property Trust by 23.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,465,159 shares of the real estate investment trust’s stock valued at $145,478,000 after acquiring an additional 277,634 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Company Profile

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 58,634 apartment homes across the United States.