Wedbush Brokers Lift Earnings Estimates for Camden Property Trust (NYSE:CPT)

Camden Property Trust (NYSE:CPT - Free Report) - Investment analysts at Wedbush increased their Q4 2024 earnings estimates for shares of Camden Property Trust in a research note issued to investors on Monday, May 6th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings per share of $1.72 for the quarter, up from their previous forecast of $1.71. Wedbush currently has a "Outperform" rating and a $118.00 target price on the stock. The consensus estimate for Camden Property Trust's current full-year earnings is $6.72 per share.

Several other equities research analysts have also weighed in on CPT. Deutsche Bank Aktiengesellschaft began coverage on Camden Property Trust in a report on Tuesday, January 30th. They issued a "hold" rating and a $90.00 price objective for the company. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, April 30th. Piper Sandler raised shares of Camden Property Trust from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $90.00 to $110.00 in a report on Monday. Truist Financial boosted their target price on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, April 9th. Finally, The Goldman Sachs Group started coverage on Camden Property Trust in a report on Thursday, February 22nd. They issued a "buy" rating and a $112.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $107.06.

Camden Property Trust Stock Performance

NYSE CPT traded down $1.81 on Wednesday, hitting $104.18. 823,046 shares of the stock traded hands, compared to its average volume of 1,110,644. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 3.94 and a beta of 0.82. The business's fifty day moving average is $98.42 and its two-hundred day moving average is $95.49. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 0.43. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04.

Institutional Investors Weigh In On Camden Property Trust

A number of large investors have recently added to or reduced their stakes in CPT. William Blair Investment Management LLC boosted its holdings in shares of Camden Property Trust by 3.8% in the 1st quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust's stock worth $295,000 after purchasing an additional 109 shares in the last quarter. IFM Investors Pty Ltd lifted its position in Camden Property Trust by 0.7% in the 1st quarter. IFM Investors Pty Ltd now owns 17,866 shares of the real estate investment trust's stock worth $1,758,000 after buying an additional 118 shares during the last quarter. ERn Financial LLC boosted its stake in Camden Property Trust by 2.0% in the first quarter. ERn Financial LLC now owns 6,136 shares of the real estate investment trust's stock worth $604,000 after buying an additional 118 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Camden Property Trust by 23.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 119 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of Camden Property Trust by 90.4% during the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 132 shares in the last quarter. 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 58,634 apartment homes across the United States.