Camden Property Trust (NYSE:CPT) Hits New 12-Month Low - Here's What Happened

Key Points

• Camden Property Trust shares hit a new 52-week low, falling to $95.63 during Thursday trading and closing around $95.84, below the prior close of $96.73.
• Analyst sentiment remains cautious: the stock carries an average “Hold” rating from MarketBeat, with a consensus price target of $114.35. Recent target reductions included Wells Fargo’s cut to $110 and Mizuho’s cut to $116.
• The company declared a quarterly dividend of $1.06 per share, equivalent to $4.24 annually and a 4.4% yield, though its payout ratio is elevated at 140.4%. Its latest quarterly earnings missed estimates despite revenue growing 7.4% year over year.

Camden Property Trust (NYSE:CPT - Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $95.63 and last traded at $95.8360, with a volume of 27070 shares changing hands. The stock had previously closed at $96.73.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CPT shares. Wall Street Zen upgraded shares of Camden Property Trust from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 19th. Stifel Nicolaus set a $123.25 price target on shares of Camden Property Trust in a research note on Friday, July 31st. Jefferies Financial Group upgraded shares of Camden Property Trust to a "hold" rating in a research note on Wednesday, July 22nd. Wells Fargo & Company reduced their target price on shares of Camden Property Trust from $113.00 to $110.00 and set an "equal weight" rating for the company in a report on Tuesday, September 1st. Finally, Mizuho decreased their target price on shares of Camden Property Trust from $125.00 to $116.00 and set an "outperform" rating for the company in a research note on Tuesday, September 8th. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Camden Property Trust presently has an average rating of "Hold" and an average target price of $114.35.

Camden Property Trust Stock Down 0.5%

The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 7.33 and a beta of 0.77. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25. The firm's 50 day simple moving average is $106.33 and its 200-day simple moving average is $106.66.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.49). The firm had revenue of $396.07 million during the quarter, compared to analyst estimates of $392.88 million. Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%.The firm's revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.70 EPS. 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. On average, sell-side analysts anticipate that Camden Property Trust will post 6.75 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th will be given a $1.06 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $4.24 annualized dividend and a yield of 4.4%. Camden Property Trust's dividend payout ratio is presently 140.40%.

Institutional Trading of Camden Property Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC lifted its position in shares of Camden Property Trust by 92.0% during the 4th quarter. Clearstead Advisors LLC now owns 288 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 138 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of Camden Property Trust by 38.1% in the 4th quarter. Hantz Financial Services Inc. now owns 388 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 107 shares during the period. Summit Securities Group LLC increased its stake in Camden Property Trust by 169.6% in the 1st quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 268 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Camden Property Trust in the 2nd quarter valued at approximately $55,000. Finally, Western Wealth Management LLC acquired a new position in Camden Property Trust during the first quarter worth $55,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

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 residential rental housing and related property-management services, with properties designed to serve a range of residents in major metropolitan areas.

Camden focuses primarily on high-growth markets in the Sun Belt, including communities in Texas, Florida, Georgia, North Carolina, Colorado, Arizona, Nevada, and Tennessee.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.