Camden Property Trust (NYSE:CPT) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Camden Property Trust (NYSE:CPT) has received a consensus recommendation of "Hold" from fourteen research firms, with one sell rating, seven hold ratings, and six buy ratings.
• The average one-year target price for Camden Property Trust is $123.27, with notable price adjustments from firms including Royal Bank Of Canada and Morgan Stanley.
• The real estate investment trust reported earnings of $1.70 per share for the last quarter, exceeding analyst expectations and achieving a revenue increase of 2.4% year-over-year.

Shares of Camden Property Trust (NYSE:CPT - Get Free Report) have been assigned a consensus recommendation of "Hold" from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $122.25.

A number of equities research analysts recently issued reports on the company. Evercore ISI increased 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. Truist Financial lowered their price objective on Camden Property Trust from $131.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, August 27th. Piper Sandler reduced their target price on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Royal Bank Of Canada reduced 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 note on Monday, August 4th. Finally, Citigroup reduced their target price on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, August 14th.

Camden Property Trust Stock Up 0.7%

CPT stock traded up $0.75 during trading on Monday, reaching $108.07. 1,770,844 shares of the stock were exchanged, compared to its average volume of 802,019. The firm's 50 day moving average is $109.77 and its 200 day moving average is $113.90. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The firm has a market cap of $11.55 billion, a P/E ratio of 75.57, a price-to-earnings-growth ratio of 3.64 and a beta of 0.80.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $393.24 million. During the same period in the prior year, the company posted $1.71 earnings per share. Camden Property Trust's quarterly 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. As a group, research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $4.20 annualized dividend and a yield of 3.9%. Camden Property Trust's dividend payout ratio (DPR) is 293.71%.

Institutional Investors Weigh In On Camden Property Trust

Hedge funds have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P purchased a new stake in shares of Camden Property Trust in the 2nd quarter worth $32,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Camden Property Trust in the 2nd quarter worth $32,000. Cape Investment Advisory Inc. purchased a new stake in shares of Camden Property Trust in the 1st quarter worth $37,000. MUFG Securities EMEA plc purchased a new stake in shares of Camden Property Trust in the 2nd quarter worth $35,000. Finally, IFP Advisors Inc increased its stake in shares of Camden Property Trust by 45.7% in the 2nd quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 101 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

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.