Camden Property Trust (NYSE:CPT) Stock Rating Upgraded by Stifel Nicolaus

Key Points

• Stifel Nicolaus upgraded Camden Property Trust's rating from "hold" to "buy," with a target price of $122.75, indicating a potential upside of 12.70% from its current price.
• Camden Property Trust's recent earnings showed $1.70 EPS, beating estimates and reflecting a 2.4% increase in revenue year-over-year.
• Hedge fund investments have increased in Camden Property Trust, with multiple firms boosting their stakes, indicating strong institutional interest in the company.

Stifel Nicolaus upgraded shares of Camden Property Trust (NYSE:CPT - Free Report) from a hold rating to a buy rating in a research report released on Tuesday, MarketBeat Ratings reports. Stifel Nicolaus currently has $122.75 price target on the real estate investment trust's stock.

Other analysts have also recently issued reports about the company. Morgan Stanley decreased their price objective on Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 13th. Royal Bank Of Canada cut their price objective on Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating for the company in a research report on Monday, August 4th. JPMorgan Chase & Co. raised their target price on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a report on Tuesday, June 17th. Wall Street Zen upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, UBS Group decreased their target price on shares of Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust presently has a consensus rating of "Hold" and a consensus price target of $124.04.

Camden Property Trust Stock Performance

Camden Property Trust stock traded up $1.30 during mid-day trading on Tuesday, reaching $112.04. 714,411 shares of the company were exchanged, compared to its average volume of 952,869. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69. The firm's 50-day simple moving average is $111.10 and its two-hundred day simple moving average is $115.08. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market cap of $11.97 billion, a PE ratio of 78.35, a price-to-earnings-growth ratio of 3.80 and a beta of 0.78.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $393.24 million. During the same period last year, the firm earned $1.71 EPS. 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. Equities analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.20 annualized dividend and a yield of 3.7%. Camden Property Trust's payout ratio is currently 293.71%.

Hedge Funds Weigh In On Camden Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of CPT. Norges Bank acquired a new position in Camden Property Trust during the second quarter worth $160,217,000. Millennium Management LLC raised its holdings in shares of Camden Property Trust by 1,669.3% in the first quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust's stock worth $131,880,000 after acquiring an additional 1,017,388 shares during the last quarter. Nuveen LLC acquired a new position in shares of Camden Property Trust in the first quarter worth $123,882,000. Long Pond Capital LP raised its holdings in shares of Camden Property Trust by 209.6% in the second quarter. Long Pond Capital LP now owns 1,022,742 shares of the real estate investment trust's stock worth $115,253,000 after acquiring an additional 692,412 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Camden Property Trust by 34.5% in the second quarter. Invesco Ltd. now owns 2,375,058 shares of the real estate investment trust's stock worth $267,645,000 after acquiring an additional 609,697 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Company Profile

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.