Camden Property Trust (NYSE:CPT) Stock Rating Lowered by The Goldman Sachs Group

Key Points

• The Goldman Sachs Group has downgraded Camden Property Trust from a "neutral" to a "sell" rating, setting a price target of $106.00, indicating a potential downside of 1.00% from the last closing price.
• Other analysts have mixed views, with Truist Financial setting a "buy" rating and a target of $123.00, while JPMorgan Chase and Royal Bank of Canada have lower targets and ratings.
• Camden Property Trust reported quarterly earnings of $1.70 per share, slightly exceeding estimates, with revenues increasing by 2.4% year-over-year.

Camden Property Trust (NYSE:CPT - Get Free Report) was downgraded by analysts at The Goldman Sachs Group from a "neutral" rating to a "sell" rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. They presently have a $106.00 target price on the real estate investment trust's stock, down from their prior target price of $118.00. The Goldman Sachs Group's price target points to a potential downside of 1.92% from the stock's current price.

CPT has been the subject of a number of other reports. Stifel Nicolaus raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 price objective for the company in a research report on Tuesday, August 26th. Mizuho reduced their price objective on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Barclays reduced their price objective on shares of Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Evercore ISI boosted their target price on shares of Camden Property Trust from $114.00 to $116.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $122.25.

Camden Property Trust Stock Up 0.7%

Shares of NYSE CPT traded up $0.75 during trading on Wednesday, hitting $108.07. 1,770,844 shares of the company traded hands, compared to its average volume of 802,019. The business's fifty day moving average is $109.77 and its 200 day moving average is $113.83. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.69. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 75.57, a P/E/G ratio of 3.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping the consensus estimate of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The company had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. During the same period in the previous year, the firm 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. Equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its position in shares of Camden Property Trust by 16.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 89 shares during the period. Country Club Bank lifted its position in Camden Property Trust by 0.4% during the 1st quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust's stock valued at $3,204,000 after acquiring an additional 92 shares during the period. Amalgamated Bank lifted its position in Camden Property Trust by 0.5% during the 1st quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock valued at $2,514,000 after acquiring an additional 93 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Camden Property Trust by 0.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust's stock valued at $2,102,000 after acquiring an additional 98 shares during the period. Finally, Forsta AP Fonden lifted its position in Camden Property Trust by 0.6% during the 2nd quarter. Forsta AP Fonden now owns 17,400 shares of the real estate investment trust's stock valued at $1,961,000 after acquiring an additional 100 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

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.