Scotiabank Issues Pessimistic Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Key Points

• Scotiabank cut Camden Property Trust’s price target from $109 to $102 and maintained a “sector underperform” rating, implying only 0.74% upside from the stock’s $101.25 price.
• Analyst sentiment remains mostly neutral: Camden has three Buy, twelve Hold, and one Sell rating, with a consensus price target of $115.62.
• Camden reported quarterly revenue of $396.07 million, exceeding estimates, but adjusted earnings per share missed consensus expectations; institutional investors own 97.22% of the stock.

Camden Property Trust (NYSE:CPT - Get Free Report) had its price target lowered by research analysts at Scotiabank from $109.00 to $102.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "sector underperform" rating on the real estate investment trust's stock. Scotiabank's target price indicates a potential upside of 0.74% from the stock's current price.

A number of other equities research analysts also recently commented on CPT. Cantor Fitzgerald boosted their target price on Camden Property Trust from $102.00 to $111.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Morgan Stanley cut their price target 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. Truist Financial lifted their price objective on Camden Property Trust from $118.00 to $123.00 and gave the stock a "buy" rating in a research note on Thursday, June 11th. Stifel Nicolaus set a $123.25 price objective on Camden Property Trust in a report on Friday, July 31st. Finally, Evercore set a $114.00 target price on Camden Property Trust in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $115.62.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock traded down $0.05 on Thursday, hitting $101.25. 170,978 shares of the company traded hands, compared to its average volume of 1,129,362. Camden Property Trust has a 52 week low of $96.53 and a 52 week high of $119.81. The business has a 50-day simple moving average of $109.22 and a 200 day simple moving average of $107.20. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market capitalization of $10.18 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 7.29 and a beta of 0.77.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by ($1.49). The company had revenue of $396.07 million for the quarter, compared to the consensus estimate of $392.88 million. Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%.Camden Property Trust's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.70 EPS. 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 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camden Property Trust

A number of large investors have recently made changes to their positions in CPT. Norges Bank bought a new stake in shares of Camden Property Trust during the 4th quarter worth approximately $154,587,000. Goldman Sachs Group Inc. grew 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 acquiring an additional 825,769 shares during the last quarter. Jennison Associates LLC grew its position in Camden Property Trust by 100.2% in the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust's stock valued at $117,861,000 after acquiring an additional 603,997 shares during the last quarter. CORDA Investment Management LLC. increased its stake in Camden Property Trust by 90.8% in the first quarter. CORDA Investment Management LLC. now owns 426,913 shares of the real estate investment trust's stock worth $41,692,000 after purchasing an additional 203,131 shares during the period. Finally, Nixon Capital LLC purchased a new stake in Camden Property Trust in the fourth quarter worth $19,748,000. 97.22% of the stock is owned by hedge funds and other 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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