Camden Property Trust (NYSE:CPT) Rating Increased to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded Camden Property Trust from “strong sell” to “sell,” while the broader analyst consensus remains “Hold” with a $115.62 average price target.
• CPT shares opened at $99.19, below their 50-day and 200-day moving averages, and have traded between $96.53 and $119.81 over the past year.
• The REIT’s latest quarter included adjusted EPS of $0.18, well below the $1.67 consensus estimate, although revenue rose 7.4% year over year to $396.07 million. Institutional investors own approximately 97.22% of the stock.

Camden Property Trust (NYSE:CPT - Get Free Report) was upgraded by analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms have also commented on CPT. Stifel Nicolaus set a $123.25 price objective on shares of Camden Property Trust in a research note on Friday, July 31st. Wells Fargo & Company decreased their target price on shares of Camden Property Trust from $113.00 to $110.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 1st. JPMorgan Chase & Co. raised their target price on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a "neutral" rating in a research note on Thursday, August 13th. Mizuho lowered their target price on shares of Camden Property Trust from $125.00 to $116.00 and set an "outperform" rating for the company in a report on Tuesday, September 8th. Finally, Piper Sandler boosted their price target on Camden Property Trust from $108.00 to $119.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Camden Property Trust has an average rating of "Hold" and a consensus price target of $115.62.

Camden Property Trust Price Performance

Shares of CPT stock opened at $99.19 on Friday. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 7.15 and a beta of 0.77. The business's fifty day moving average is $108.69 and its 200 day moving average is $107.09. Camden Property Trust has a twelve month low of $96.53 and a twelve month high of $119.81. 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 announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.49). Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The firm had revenue of $396.07 million for the quarter, compared to analysts' expectations of $392.88 million. During the same period in the prior year, the business posted $1.70 EPS. The business's quarterly revenue 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. Research analysts expect that Camden Property Trust will post 6.75 EPS for the current fiscal year.

Institutional Trading of Camden Property Trust

A number of institutional investors and hedge funds have recently bought and sold shares of CPT. Jennison Associates LLC raised its stake in shares of Camden Property Trust by 100.2% in the first quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust's stock worth $117,861,000 after purchasing an additional 603,997 shares during the last quarter. CORDA Investment Management LLC. lifted its holdings in shares of Camden Property Trust by 90.8% during the first quarter. CORDA Investment Management LLC. now owns 426,913 shares of the real estate investment trust's stock valued at $41,692,000 after purchasing an additional 203,131 shares in the last quarter. Empyrean Capital Partners LP purchased a new stake in shares of Camden Property Trust during the first quarter valued at $9,180,000. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Camden Property Trust by 32.4% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 269,117 shares of the real estate investment trust's stock valued at $29,624,000 after buying an additional 65,919 shares during the last quarter. Finally, Maverick Capital Ltd. increased its holdings in Camden Property Trust by 1.6% in the 1st quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust's stock worth $182,416,000 after buying an additional 30,076 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Company Profile

Camden Property Trust NYSE: CPT is a real estate investment trust that owns, develops, acquires, and manages apartment communities. Its portfolio is focused primarily on multifamily housing, with properties offering a range of apartment floor plans and amenities designed for renters in urban and suburban markets.

The company serves residents across several major metropolitan areas in the U.S. Sun Belt, including markets in Texas, Colorado, Arizona, California, Georgia, North Carolina, Florida, and Tennessee.

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