Scotiabank Lowers Camden Property Trust (NYSE:CPT) Price Target to $113.00

Camden Property Trust (NYSE:CPT) had its price target lowered by equities research analysts at Scotiabank from $115.00 to $113.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price suggests a potential upside of 4.05% from the company’s current price.

Several other analysts also recently issued reports on CPT. JPMorgan Chase & Co. raised Camden Property Trust from an “underweight” rating to a “neutral” rating and set a $116.00 price target for the company in a report on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Camden Property Trust in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Piper Sandler set a $108.00 price objective on shares of Camden Property Trust in a research report on Tuesday, January 27th. Finally, Truist Financial upped their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and an average target price of $117.03.

Camden Property Trust Stock Performance

Shares of CPT opened at $108.60 on Wednesday. The firm has a market cap of $11.23 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 7.46 and a beta of 0.82. The company’s 50 day simple moving average is $108.64 and its 200-day simple moving average is $106.56. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.88. Camden Property Trust has a 12-month low of $97.17 and a 12-month high of $124.60.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.29). Camden Property Trust had a net margin of 24.43% and a return on equity of 8.36%. The firm had revenue of $396.08 million during the quarter, compared to analysts’ expectations of $393.05 million. During the same quarter last year, the business earned $1.73 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Camden Property Trust has set its Q1 2026 guidance at 1.640-1.680 EPS and its FY 2026 guidance at 6.600-6.900 EPS. As a group, equities analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust announced that its Board of Directors has initiated a share buyback program on Thursday, February 5th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 5.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Heather J. Brunner sold 2,104 shares of Camden Property Trust stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $109.69, for a total value of $230,787.76. Following the completion of the transaction, the director directly owned 10,205 shares in the company, valued at approximately $1,119,386.45. This trade represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alexander J. Jessett sold 5,627 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $109.69, for a total value of $617,225.63. Following the transaction, the chief financial officer directly owned 141,821 shares in the company, valued at approximately $15,556,345.49. This represents a 3.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 54,625 shares of company stock valued at $5,995,193. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Camden Property Trust

Large investors have recently bought and sold shares of the business. Maverick Capital Ltd. acquired a new stake in Camden Property Trust in the fourth quarter worth $202,304,000. Norges Bank bought a new position in shares of Camden Property Trust during the second quarter worth about $160,217,000. Viking Global Investors LP increased its holdings in shares of Camden Property Trust by 41.6% in the 3rd quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock worth $410,755,000 after acquiring an additional 1,130,718 shares during the period. Invesco Ltd. lifted its position in Camden Property Trust by 38.4% in the 4th quarter. Invesco Ltd. now owns 3,452,355 shares of the real estate investment trust’s stock valued at $380,035,000 after purchasing an additional 957,896 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Camden Property Trust by 64.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,113,896 shares of the real estate investment trust’s stock valued at $232,698,000 after purchasing an additional 825,769 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

About Camden Property Trust

Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.

Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.