Camden Property Trust (NYSE:CPT) Hits New 52-Week Low - What's Next?

Key Points

• Camden Property Trust's stock price recently hit a 52-week low at $101.86, and it has seen a decline of 1.1% in its recent trading session.
• Analysts have provided mixed ratings for Camden Property Trust, with six analysts rating it as a Buy, nine as Hold, and two as Sell, leading to an average target price of $121.73.
• The company announced a quarterly dividend of $1.05, which translates to an annualized yield of 4.1%, despite a high dividend payout ratio of 293.71%.

Camden Property Trust (NYSE:CPT - Get Free Report)'s share price hit a new 52-week low on Thursday . The stock traded as low as $101.97 and last traded at $101.86, with a volume of 230622 shares changing hands. The stock had previously closed at $103.06.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald assumed coverage on Camden Property Trust in a report on Wednesday, October 1st. They set a "neutral" rating and a $115.00 price target on the stock. The Goldman Sachs Group downgraded Camden Property Trust from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $118.00 to $106.00 in a research note on Wednesday, September 17th. Evercore ISI boosted their price objective on Camden Property Trust from $114.00 to $116.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Camden Property Trust in a research report on Wednesday. Finally, Stifel Nicolaus raised Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 target price for the company in a report on Tuesday, August 26th. Six investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $121.73.

Camden Property Trust Stock Down 1.1%

The firm has a 50-day moving average price of $107.50 and a 200 day moving average price of $112.46. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 71.26, a P/E/G ratio of 3.50 and a beta of 0.80.

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

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $4.20 annualized dividend and a dividend yield of 4.1%. Camden Property Trust's dividend payout ratio (DPR) is currently 293.71%.

Hedge Funds Weigh In On Camden Property Trust

A number of hedge funds have recently added to or reduced their stakes in CPT. Park Avenue Securities LLC raised its holdings in shares of Camden Property Trust by 6.2% in the 1st quarter. Park Avenue Securities LLC now owns 4,780 shares of the real estate investment trust's stock worth $585,000 after purchasing an additional 279 shares during the period. GAMMA Investing LLC boosted its position in Camden Property Trust by 6.9% during the first quarter. GAMMA Investing LLC now owns 3,300 shares of the real estate investment trust's stock valued at $404,000 after buying an additional 213 shares during the period. SG Americas Securities LLC raised its stake in shares of Camden Property Trust by 212.5% during the first quarter. SG Americas Securities LLC now owns 8,726 shares of the real estate investment trust's stock valued at $1,067,000 after acquiring an additional 5,934 shares during the last quarter. CX Institutional bought a new position in shares of Camden Property Trust during the first quarter valued at about $128,000. Finally, Fifth Third Bancorp raised its stake in Camden Property Trust by 4.9% in the first quarter. Fifth Third Bancorp now owns 5,177 shares of the real estate investment trust's stock worth $633,000 after buying an additional 244 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.