Camden Property Trust (NYSE:CPT) Given New $102.00 Price Target at Piper Sandler

Key Points

• Piper Sandler cut Camden Property Trust’s price target from $119 to $102 and maintained a “neutral” rating, implying roughly 4.4% upside from the stock’s $97.69 price.
• Analyst sentiment remains cautious: Camden has a consensus “Hold” rating and a $113.22 average price target, with 12 Hold, three Buy, and one Sell rating.
• Camden reported quarterly revenue of $396.07 million, up 7.4% year over year, but its $0.18 EPS missed the $1.67 consensus estimate; institutional investors own approximately 97.22% of the shares.

Camden Property Trust (NYSE:CPT - Get Free Report) had its price target reduced by stock analysts at Piper Sandler from $119.00 to $102.00 in a report released on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. Piper Sandler's target price would indicate a potential upside of 4.41% from the stock's current price.

A number of other research firms also recently commented on CPT. Morgan Stanley dropped their price objective on Camden Property Trust from $120.00 to $118.00 and set an "equal weight" rating for the company in a report on Wednesday, August 12th. UBS Group reissued a "neutral" rating and set a $105.00 price target (down from $106.00) on shares of Camden Property Trust in a research report on Tuesday, September 15th. Truist Financial lowered their price target on Camden Property Trust from $123.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, September 25th. Stifel Nicolaus set a $123.25 price target on Camden Property Trust in a research note on Friday, July 31st. Finally, Wall Street Zen upgraded Camden Property Trust from a "strong sell" rating to a "sell" rating in a report on Saturday, September 19th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Camden Property Trust currently has a consensus rating of "Hold" and a consensus price target of $113.22.

Camden Property Trust Trading Up 0.1%

Shares of CPT traded up $0.11 on Monday, hitting $97.69. 68,066 shares of the stock traded hands, compared to its average volume of 1,138,324. Camden Property Trust has a 1 year low of $95.30 and a 1 year high of $119.81. The firm has a market capitalization of $9.82 billion, a P/E ratio of 32.38, a P/E/G ratio of 7.26 and a beta of 0.79. The stock's 50 day moving average is $103.98 and its two-hundred day moving average is $106.51. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.25.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.49). Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%. The business had revenue of $396.07 million for the quarter, compared to analyst estimates of $392.88 million. During the same quarter last year, the business earned $1.70 EPS. Camden Property Trust's revenue for the quarter was up 7.4% compared to the same quarter last year. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. As a group, sell-side analysts predict that Camden Property Trust will post 6.75 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC boosted its position in Camden Property Trust by 169.6% in the 1st quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 268 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Camden Property Trust during the second quarter valued at about $55,000. Western Wealth Management LLC acquired a new stake in shares of Camden Property Trust during the first quarter valued at about $55,000. Trust Co. of Vermont purchased a new stake in shares of Camden Property Trust during the second quarter worth about $126,000. Finally, Parallel Advisors LLC increased its position in shares of Camden Property Trust by 25.7% during the first quarter. Parallel Advisors LLC now owns 1,335 shares of the real estate investment trust's stock worth $130,000 after acquiring an additional 273 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

About Camden Property Trust

Camden Property Trust NYSE: CPT is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides residential rental housing and related property-management services, with properties designed to serve a range of residents in major metropolitan areas.

Camden focuses primarily on high-growth markets in the Sun Belt, including communities in Texas, Florida, Georgia, North Carolina, Colorado, Arizona, Nevada, and Tennessee.

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