Camden Property Trust's (CPT) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Camden Property Trust's stock has been reaffirmed with a "hold (c)" rating by Weiss Ratings, maintaining its position amid fluctuating analyst opinions.
• Wells Fargo, Barclays, and Piper Sandler have recently adjusted their target prices for Camden Property Trust, reflecting a range of ratings from "equal weight" to "overweight."
• The company reported a 2.4% year-over-year increase in quarterly revenue, with earnings per share (EPS) surpassing estimates at $1.70, compared to the expected $1.69.

Camden Property Trust (NYSE:CPT - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company cut their target price on Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Barclays cut their target price on Camden Property Trust from $128.00 to $127.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 30th. Piper Sandler cut 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. Wall Street Zen upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Royal Bank Of Canada cut 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. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $121.73.

Camden Property Trust Stock Performance

CPT traded down $0.33 during trading hours on Wednesday, hitting $103.04. 591,299 shares of the stock were exchanged, compared to its average volume of 960,965. The stock has a 50-day simple moving average of $107.83 and a 200-day simple moving average of $112.67. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.65. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 72.06, a price-to-earnings-growth ratio of 3.49 and a beta of 0.80. 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 (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 (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $393.24 million. During the same period last year, the business posted $1.71 earnings per share. The firm's revenue for the quarter 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. Analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Hedge Funds Weigh In On Camden Property Trust

A number of institutional investors have recently bought and sold shares of the stock. Czech National Bank boosted its position in Camden Property Trust by 3.9% during the 3rd quarter. Czech National Bank now owns 27,139 shares of the real estate investment trust's stock worth $2,898,000 after acquiring an additional 1,024 shares during the period. Country Club Bank boosted its position in Camden Property Trust by 4.6% during the 3rd quarter. Country Club Bank now owns 27,206 shares of the real estate investment trust's stock worth $2,899,000 after acquiring an additional 1,204 shares during the period. Oak Thistle LLC boosted its position in Camden Property Trust by 288.6% during the 3rd quarter. Oak Thistle LLC now owns 16,798 shares of the real estate investment trust's stock worth $1,794,000 after acquiring an additional 12,475 shares during the period. Watts Gwilliam & Co. LLC boosted its position in Camden Property Trust by 21.5% during the 2nd quarter. Watts Gwilliam & Co. LLC now owns 4,692 shares of the real estate investment trust's stock worth $504,000 after acquiring an additional 830 shares during the period. Finally, Osaic Holdings Inc. boosted its position in Camden Property Trust by 0.8% during the 2nd quarter. Osaic Holdings Inc. now owns 14,319 shares of the real estate investment trust's stock worth $1,615,000 after acquiring an additional 110 shares during the period. Hedge funds and other 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.