Royal Bank Of Canada Has Lowered Expectations for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its price objective decreased by equities researchers at Royal Bank Of Canada from $111.00 to $110.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 6.15% from the stock’s previous close.

A number of other brokerages have also issued reports on CPT. Morgan Stanley decreased their target price on shares of Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Piper Sandler reduced their price target on Camden Property Trust from $117.00 to $111.00 and set a “neutral” rating on the stock in a research note on Monday. Evercore ISI decreased their price objective on Camden Property Trust from $115.00 to $108.00 and set an “in-line” rating on the stock in a report on Monday, November 3rd. Truist Financial lowered their price objective on Camden Property Trust from $131.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, August 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Camden Property Trust in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price of $117.98.

Camden Property Trust Stock Up 1.2%

CPT opened at $103.63 on Monday. The firm has a market cap of $11.07 billion, a P/E ratio of 72.47, a PEG ratio of 3.31 and a beta of 0.81. The business’s fifty day simple moving average is $104.80 and its 200 day simple moving average is $110.46. Camden Property Trust has a 52 week low of $97.17 and a 52 week high of $127.65. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.02. The firm had revenue of $398.24 million during the quarter, compared to the consensus estimate of $397.89 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.71 EPS. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS. FY 2025 guidance at 6.830-6.87 EPS. As a group, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Institutional Trading of Camden Property Trust

Institutional investors have recently modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new position in Camden Property Trust in the third quarter valued at approximately $25,000. Quent Capital LLC acquired a new stake in shares of Camden Property Trust in the third quarter worth $29,000. Hantz Financial Services Inc. raised its stake in shares of Camden Property Trust by 524.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 281 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 236 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Camden Property Trust during the 2nd quarter valued at $32,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Camden Property Trust during the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

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.