Camden Property Trust (NYSE:CPT) Given New $115.00 Price Target at Evercore ISI

Key Points

• Evercore ISI has decreased Camden Property Trust's price target from $116.00 to $115.00, suggesting a potential upside of 13.12% from the company's previous close.
• Multiple analysts have recently updated their ratings on Camden Property Trust, with the average price target now at $121.67, indicating a generally "Hold" position for the stock.
• The company reported $1.70 earnings per share for the last quarter, beating expectations and reflecting a 2.4% increase in year-over-year revenue.

Camden Property Trust (NYSE:CPT - Get Free Report) had its target price decreased by stock analysts at Evercore ISI from $116.00 to $115.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's price target points to a potential upside of 13.12% from the company's previous close.

Several other research firms have also recently issued reports on CPT. Royal Bank Of Canada dropped their target price on Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating on the stock in a research report on Monday, August 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Camden Property Trust in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a research report on Tuesday, June 17th. Truist Financial reduced their price target on shares of Camden Property Trust from $131.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, August 27th. Finally, Cantor Fitzgerald began coverage on Camden Property Trust in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $115.00 price objective for the company. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $121.67.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $101.66 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. Camden Property Trust has a one year low of $100.60 and a one year high of $127.65. The company has a 50-day simple moving average of $107.39 and a 200-day simple moving average of $112.19. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 71.09, a PEG ratio of 3.45 and a beta of 0.80.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.01. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The company had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. During the same period last year, the business posted $1.71 EPS. The company's revenue was up 2.4% on a year-over-year basis. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. On average, analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Hedge Funds Weigh In On Camden Property Trust

A number of large investors have recently modified their holdings of the company. Loomis Sayles & Co. L P acquired a new position in shares of Camden Property Trust during the 2nd quarter valued at $32,000. CYBER HORNET ETFs LLC purchased a new position in Camden Property Trust in the 2nd quarter valued at about $32,000. Cape Investment Advisory Inc. purchased a new position in Camden Property Trust in the first quarter valued at about $37,000. MUFG Securities EMEA plc purchased a new stake in Camden Property Trust during the 2nd quarter worth approximately $35,000. Finally, IFP Advisors Inc grew its position in shares of Camden Property Trust by 45.7% during the second quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust's stock worth $36,000 after buying an additional 101 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.

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