Analysts Offer Predictions for Camden Property Trust’s Q4 2024 Earnings (NYSE:CPT)

Camden Property Trust (NYSE:CPT) – Research analysts at Wedbush increased their Q4 2024 EPS estimates for shares of Camden Property Trust in a report issued on Monday, May 6th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings per share of $1.72 for the quarter, up from their prior estimate of $1.71. Wedbush currently has a “Outperform” rating and a $118.00 target price on the stock. The consensus estimate for Camden Property Trust’s current full-year earnings is $6.72 per share.

Several other equities research analysts have also commented on CPT. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada upped their price target on shares of Camden Property Trust from $107.00 to $110.00 and gave the company an “outperform” rating in a report on Monday. Barclays cut shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. Morgan Stanley increased their target price on Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Finally, Mizuho boosted their price target on Camden Property Trust from $99.00 to $111.00 and gave the stock a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $107.06.

Camden Property Trust Stock Down 1.7 %

Camden Property Trust stock opened at $104.18 on Wednesday. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 3.94 and a beta of 0.82. The stock’s fifty day moving average is $98.62 and its two-hundred day moving average is $95.55. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 0.43.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently bought and sold shares of CPT. Lindbrook Capital LLC grew its stake in shares of Camden Property Trust by 90.4% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 132 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Camden Property Trust by 60.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 144 shares during the period. Tobam lifted its stake in shares of Camden Property Trust by 4,166.7% in the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 375 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Camden Property Trust by 23.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 119 shares in the last quarter. Finally, Quarry LP raised its holdings in Camden Property Trust by 1,081.5% in the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 584 shares during the period. 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 58,634 apartment homes across the United States.