Camden Property Trust (NYSE:CPT) Price Target Cut to $123.00 by Analysts at Truist Financial

Camden Property Trust (NYSE:CPT) had its price target trimmed by Truist Financial from $131.00 to $123.00 in a report published on Wednesday,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

A number of other research firms have also recently commented on CPT. Barclays decreased their price target on Camden Property Trust from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company reduced their price objective on Camden Property Trust from $120.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Morgan Stanley reduced their price objective on Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Evercore ISI reduced their price objective on Camden Property Trust from $117.00 to $114.00 and set an “in-line” rating on the stock in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada reduced their price objective on Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating on the stock in a research note on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $124.04.

Camden Property Trust Stock Up 1.3%

NYSE:CPT opened at $110.61 on Wednesday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average is $111.26 and its two-hundred day moving average is $115.22. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 77.35, a price-to-earnings-growth ratio of 3.71 and a beta of 0.78.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.01. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The company had revenue of $396.51 million for the quarter, compared to analysts’ expectations of $393.24 million. During the same period in the prior year, the firm earned $1.71 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. Research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were paid a $1.05 dividend. The ex-dividend date 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 (DPR) is currently 293.71%.

Institutional Trading of Camden Property Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in shares of Camden Property Trust by 16.8% during the first quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 89 shares during the last quarter. Country Club Bank increased its position in shares of Camden Property Trust by 0.4% during the first quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust’s stock worth $3,204,000 after purchasing an additional 92 shares in the last quarter. Amalgamated Bank increased its position in shares of Camden Property Trust by 0.5% during the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust’s stock worth $2,514,000 after purchasing an additional 93 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Camden Property Trust by 0.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust’s stock worth $2,102,000 after purchasing an additional 98 shares in the last quarter. Finally, Forsta AP Fonden increased its position in shares of Camden Property Trust by 0.6% during the second quarter. Forsta AP Fonden now owns 17,400 shares of the real estate investment trust’s stock worth $1,961,000 after purchasing an additional 100 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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.