Camden Property Trust (NYSE:CPT) Price Target Cut to $111.00 by Analysts at Wells Fargo & Company

Camden Property Trust (NYSE:CPT) had its price objective reduced by Wells Fargo & Company from $112.00 to $111.00 in a research note released on Monday morning, Marketbeat Ratings reports. Wells Fargo & Company currently has an equal weight rating on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on CPT. JPMorgan Chase & Co. boosted their target price on Camden Property Trust from $127.00 to $129.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 17th. Stifel Nicolaus upgraded Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 target price on the stock in a research note on Tuesday, August 26th. Scotiabank dropped their target price on Camden Property Trust from $136.00 to $133.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Camden Property Trust in a research note on Wednesday, October 8th. Finally, Evercore ISI dropped their target price on Camden Property Trust from $116.00 to $115.00 and set an “in-line” rating on the stock in a research note on Monday. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $121.61.

Camden Property Trust Stock Up 0.1%

Shares of CPT stock opened at $101.81 on Monday. Camden Property Trust has a 1-year low of $100.60 and a 1-year high of $127.65. The stock’s fifty day moving average price is $107.31 and its 200 day moving average price is $112.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 71.20, a price-to-earnings-growth ratio of 3.45 and a beta of 0.80.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. During the same period in the previous year, the business earned $1.71 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. On average, research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, September 30th. Camden Property Trust’s payout ratio is presently 293.71%.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently modified their holdings of CPT. GAMMA Investing LLC lifted its holdings in shares of Camden Property Trust by 6.9% in the 1st quarter. GAMMA Investing LLC now owns 3,300 shares of the real estate investment trust’s stock valued at $404,000 after buying an additional 213 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Camden Property Trust by 212.5% in the 1st quarter. SG Americas Securities LLC now owns 8,726 shares of the real estate investment trust’s stock valued at $1,067,000 after buying an additional 5,934 shares during the period. CX Institutional acquired a new position in shares of Camden Property Trust in the 1st quarter valued at about $128,000. Fifth Third Bancorp lifted its holdings in shares of Camden Property Trust by 4.9% in the 1st quarter. Fifth Third Bancorp now owns 5,177 shares of the real estate investment trust’s stock valued at $633,000 after buying an additional 244 shares during the period. Finally, Optas LLC acquired a new position in shares of Camden Property Trust in the 1st quarter valued at about $202,000. 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 58,250 apartment homes across the United States.