Truist Financial Cuts Camden Property Trust (NYSE:CPT) Price Target to $108.00

Key Points

• Truist Financial lowered Camden Property Trust’s price target from $123 to $108 while maintaining a “buy” rating, implying approximately 11% upside from the stock’s cited price.
• Analyst sentiment is predominantly cautious: 12 analysts rate the stock “hold,” three rate it “buy,” and one rates it “sell,” resulting in an average rating of “Hold” and an average price target of $114.35.
• Camden Property Trust reported quarterly revenue of $396.07 million, exceeding estimates, but its $0.18 EPS significantly missed the $1.67 consensus estimate. Institutional investors own 97.22% of the company’s shares.

Camden Property Trust (NYSE:CPT - Get Free Report) had its target price reduced by equities research analysts at Truist Financial from $123.00 to $108.00 in a report released on Friday, Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Truist Financial's price target would indicate a potential upside of 11.05% from the stock's current price.

A number of other brokerages have also commented on CPT. Stifel Nicolaus set a $123.25 price target on Camden Property Trust in a research note on Friday, July 31st. Jefferies Financial Group raised shares of Camden Property Trust to a "hold" rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $114.00 price objective on shares of Camden Property Trust in a report on Monday, July 20th. JPMorgan Chase & Co. raised their target price on shares of Camden Property Trust from $113.00 to $114.00 and gave the stock a "neutral" rating in a research report on Thursday, August 13th. Finally, Cantor Fitzgerald lifted their target price on shares of Camden Property Trust from $102.00 to $111.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Camden Property Trust has an average rating of "Hold" and an average price target of $114.35.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $97.25 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.25. The company's fifty day simple moving average is $107.49 and its two-hundred day simple moving average is $106.80. The firm has a market cap of $9.78 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 7.04 and a beta of 0.77. Camden Property Trust has a 12-month low of $96.53 and a 12-month high of $119.81.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $396.07 million for the quarter, compared to the consensus estimate of $392.88 million. During the same period in the previous year, the company earned $1.70 EPS. The company's revenue for the quarter was up 7.4% on a year-over-year basis. 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, equities analysts expect that Camden Property Trust will post 6.75 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Centersquare Investment Management LLC boosted its stake in Camden Property Trust by 3.6% during the fourth quarter. Centersquare Investment Management LLC now owns 2,828,602 shares of the real estate investment trust's stock worth $311,373,000 after acquiring an additional 98,130 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of 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 worth $232,698,000 after purchasing an additional 825,769 shares in the last quarter. Maverick Capital Ltd. boosted its position in shares of 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 purchasing an additional 30,076 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Camden Property Trust by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,598,671 shares of the real estate investment trust's stock worth $156,128,000 after buying an additional 37,456 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Camden Property Trust in the 4th quarter worth approximately $154,587,000. 97.22% of the stock is currently owned by institutional investors.

About Camden Property Trust

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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