Camden Property Trust (NYSE:CPT) Upgraded to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Camden Property Trust (NYSE:CPT) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have $122.75 price target on the real estate investment trust’s stock.

A number of other research firms have also recently commented on CPT. Citigroup lowered their price objective on shares of Camden Property Trust from $138.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 14th. Scotiabank lowered their price objective on shares of Camden Property Trust from $136.00 to $133.00 and set a “sector perform” rating for the company in a research report on Thursday, August 14th. Morgan Stanley lowered their price objective on shares of Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 13th. Truist Financial set a $131.00 price objective on shares of Camden Property Trust and gave the company a “buy” rating in a research report on Monday, May 19th. Finally, Barclays lowered their price objective on shares of Camden Property Trust from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $124.99.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $109.30 on Tuesday. The firm has a fifty day moving average of $111.36 and a two-hundred day moving average of $115.25. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 76.43, a PEG ratio of 3.69 and a beta of 0.78. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating the consensus estimate of $1.69 by $0.01. The company had revenue of $396.51 million during the quarter, compared to analysts’ expectations of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. As a group, equities research analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were paid a $1.05 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.8%. Camden Property Trust’s dividend payout ratio is presently 293.71%.

Hedge Funds Weigh In On Camden Property Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bellwether Advisors LLC acquired a new position in Camden Property Trust in the 4th quarter worth $31,000. Loomis Sayles & Co. L P acquired a new position in Camden Property Trust in the 2nd quarter worth $32,000. CYBER HORNET ETFs LLC acquired a new position in Camden Property Trust in the 2nd quarter worth $32,000. MUFG Securities EMEA plc acquired a new position in shares of Camden Property Trust during the 2nd quarter worth about $35,000. Finally, IFP Advisors Inc boosted its stake in shares of Camden Property Trust by 45.7% during the 2nd quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 101 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

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 58,250 apartment homes across the United States.