Camden Property Trust (NYSE:CPT) Price Target Lowered to $123.00 at Truist Financial

Key Points

• Truist Financial has lowered its price target for Camden Property Trust from $131.00 to $123.00, while maintaining a "buy" rating on the stock.
• Analysts have varied opinions on Camden Property Trust, with six rating it as a buy and ten assigning a hold rating, resulting in a consensus average price target of $124.04.
• Camden Property Trust recently reported earnings of $1.70 per share, slightly above expectations, with revenue increasing 2.4% year-over-year.

Camden Property Trust (NYSE:CPT - Get Free Report) had its price target reduced by stock analysts at Truist Financial from $131.00 to $123.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. Truist Financial's target price points to a potential upside of 12.54% from the stock's current price.

CPT has been the subject of several other research reports. JPMorgan Chase & Co. boosted their price objective on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research report on Tuesday, June 17th. Mizuho lowered their price objective on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Wall Street Zen upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Evercore ISI lowered their price objective on Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating for the company in a research report on Tuesday, August 12th. Finally, Stifel Nicolaus upgraded Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 price objective for the company in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $124.04.

Camden Property Trust Stock Up 0.4%

Shares of CPT opened at $109.30 on Wednesday. The firm has a market cap of $11.68 billion, a P/E ratio of 76.43, a P/E/G ratio of 3.69 and a beta of 0.78. The stock has a 50 day simple moving average of $111.36 and a two-hundred day simple moving average of $115.25. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. During the same quarter in the previous year, the company posted $1.71 earnings per share. The business'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 forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Institutional Trading of Camden Property Trust

Hedge funds have recently modified their holdings of the business. Northern Trust Corp boosted its holdings in shares of Camden Property Trust by 33.7% during the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after buying an additional 357,718 shares in the last quarter. MQS Management LLC bought a new stake in shares of Camden Property Trust during the 1st quarter valued at $1,421,000. Freestone Grove Partners LP bought a new stake in shares of Camden Property Trust during the 4th quarter valued at $591,000. Starwood Capital Group Management L.L.C. grew its stake in shares of Camden Property Trust by 125.6% in the fourth quarter. Starwood Capital Group Management L.L.C. now owns 316,179 shares of the real estate investment trust's stock worth $36,689,000 after acquiring an additional 176,000 shares during the last quarter. Finally, Chicago Capital LLC purchased a new stake in shares of Camden Property Trust in the first quarter worth $402,000. Institutional investors own 97.22% of the company's stock.

About Camden Property Trust

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.