Camden Property Trust (NYSE:CPT) Stock Has Consensus Target Price of $111.62

Key Points

• Analysts have a consensus “Hold” rating on Camden Property Trust, with 12 holds, three buys and one sell. The average 12-month price target is $111.62, compared with a recent share price of $97.90.
• Institutional investors and hedge funds own 97.22% of Camden’s shares, with several major holders recently increasing their positions.
• Camden reported quarterly revenue of $396.07 million, up 7.4% year over year, but its $0.18 EPS fell well short of the $1.67 consensus estimate. The company also paid a quarterly dividend of $1.06, representing a 4.3% annualized yield.

Camden Property Trust (NYSE:CPT - Get Free Report) has been given an average recommendation of "Hold" by the sixteen research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $111.62.

Several research analysts recently weighed in on CPT shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $114.00 target price on shares of Camden Property Trust in a research note on Monday, July 20th. Truist Financial dropped their price target on shares of Camden Property Trust from $123.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday, September 25th. Mizuho dropped their price target on shares of Camden Property Trust from $125.00 to $116.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 8th. Weiss Ratings downgraded shares of Camden Property Trust from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, October 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Camden Property Trust from $110.00 to $103.00 and set an "equal weight" rating for the company in a research report on Monday.

Institutional Trading of Camden Property Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC raised its holdings in Camden Property Trust by 100.2% during the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust's stock worth $117,861,000 after buying an additional 603,997 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Camden Property Trust by 945.3% in the third quarter. State of Alaska Department of Revenue now owns 616,861 shares of the real estate investment trust's stock worth $59,669,000 after buying an additional 557,850 shares during the period. CORDA Investment Management LLC. boosted its holdings in shares of Camden Property Trust by 90.8% in the first quarter. CORDA Investment Management LLC. now owns 426,913 shares of the real estate investment trust's stock worth $41,692,000 after buying an additional 203,131 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Camden Property Trust by 49.7% in the first quarter. Renaissance Technologies LLC now owns 466,800 shares of the real estate investment trust's stock worth $45,588,000 after buying an additional 154,900 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Camden Property Trust in the second quarter worth approximately $16,395,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

CPT opened at $97.90 on Tuesday. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 7.34 and a beta of 0.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.18 and a quick ratio of 0.18. Camden Property Trust has a 1-year low of $95.30 and a 1-year high of $119.81. The business has a 50 day moving average price of $102.43 and a two-hundred day moving average price of $106.53.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.67 by ($1.49). Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The firm had revenue of $396.07 million for the quarter, compared to the consensus estimate of $392.88 million. During the same period in the previous year, the business posted $1.70 earnings per share. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. Research analysts predict that Camden Property Trust will post 6.75 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th were paid a $1.06 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.24 annualized dividend and a dividend yield of 4.3%. Camden Property Trust's payout ratio is currently 140.40%.

About Camden Property Trust

Camden Property Trust NYSE: CPT is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides rental housing to individuals and families through a portfolio of communities offering a range of apartment layouts, amenities, and resident services.

Camden focuses primarily on high-growth markets in the Sun Belt, including metropolitan areas in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, and Tennessee. Its communities are generally located in major urban and suburban markets and are managed through the company's in-house property management platform.

Founded in 1993 and headquartered in Houston, Texas, Camden Property Trust has expanded through apartment development, acquisitions, and ongoing property renovations.

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