Wedbush Predicts Stronger Earnings for Camden Property Trust

Camden Property Trust (NYSE:CPT) – Analysts at Wedbush increased their FY2024 earnings per share estimates for Camden Property Trust in a research report issued to clients and investors on Wednesday, November 6th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings per share of $6.82 for the year, up from their previous estimate of $6.73. Wedbush currently has a “Outperform” rating and a $131.00 price objective on the stock. The consensus estimate for Camden Property Trust’s current full-year earnings is $6.80 per share. Wedbush also issued estimates for Camden Property Trust’s FY2025 earnings at $6.82 EPS.

A number of other equities research analysts have also recently weighed in on the company. UBS Group boosted their price objective on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Scotiabank raised their price objective on shares of Camden Property Trust from $125.00 to $132.00 and gave the stock a “sector perform” rating in a research report on Monday, September 16th. The Goldman Sachs Group began coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective on the stock. Finally, Royal Bank of Canada decreased their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $122.03.

Camden Property Trust Stock Up 2.7 %

Shares of NYSE CPT opened at $121.75 on Friday. The business has a 50-day moving average price of $121.45 and a 200 day moving average price of $114.01. The stock has a market cap of $12.99 billion, a PE ratio of 38.53, a price-to-earnings-growth ratio of 4.33 and a beta of 0.91. The company has a quick ratio of 0.37, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 52-week low of $85.30 and a 52-week high of $127.69.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

Institutional Trading of Camden Property Trust

Institutional investors have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. acquired a new stake in shares of Camden Property Trust during the 3rd quarter valued at approximately $214,000. Jennison Associates LLC acquired a new position in Camden Property Trust during the third quarter worth $47,140,000. PNC Financial Services Group Inc. raised its holdings in Camden Property Trust by 2.1% during the third quarter. PNC Financial Services Group Inc. now owns 16,908 shares of the real estate investment trust’s stock worth $2,089,000 after purchasing an additional 351 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Camden Property Trust during the third quarter worth $790,000. Finally, Mutual of America Capital Management LLC grew its holdings in Camden Property Trust by 10.7% in the third quarter. Mutual of America Capital Management LLC now owns 37,760 shares of the real estate investment trust’s stock valued at $4,664,000 after purchasing an additional 3,646 shares during the last quarter. Hedge funds and other institutional investors 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 58,250 apartment homes across the United States.