Camden Property Trust (CPT) Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Camden Property Trust in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CPT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CPT, but not buy additional shares or sell existing shares.
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14 equities research analysts have issued 1 year price targets for Camden Property Trust's stock. Their CPT share price forecasts range from $102.00 to $145.00. On average, they expect the company's stock price to reach $128.86 in the next twelve months. This suggests a possible upside of 24.0% from the stock's current price.
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Camden Property Trust's stock was trading at $111.88 at the beginning of 2023. Since then, CPT shares have decreased by 7.1% and is now trading at $103.92.
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Camden Property Trust saw a decrease in short interest in April. As of April 15th, there was short interest totaling 1,770,000 shares, a decrease of 6.8% from the March 31st total of 1,900,000 shares. Based on an average trading volume of 886,800 shares, the days-to-cover ratio is currently 2.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CPT earnings forecast.

Camden Property Trust (NYSE:CPT) posted its quarterly earnings results on Thursday, April, 28th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the consensus estimate of $1.49 by $1.07. The real estate investment trust earned $311.36 million during the quarter, compared to analysts' expectations of $308.90 million. Camden Property Trust had a net margin of 41.27% and a trailing twelve-month return on equity of 12.09%. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS.

Camden Property Trust announced a quarterly dividend on Thursday, February 2nd. Investors of record on Friday, March 31st will be paid a dividend of $1.00 per share on Monday, April 17th. This represents a $4.00 annualized dividend and a yield of 3.85%. The ex-dividend date is Thursday, March 30th. This is a positive change from the stock's previous quarterly dividend of $0.94.
Read our dividend analysis for CPT.

ETFs with the largest weight of Camden Property Trust (NYSE:CPT) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE), Nuveen Short-Term REIT ETF (NURE), SP Funds S&P Global REIT Sharia ETF (SPRE), Residential REIT Income ETF (HAUS), Kelly Residential & Apartment Real Estate ETF (RESI), Invesco S&P 500 Equal Weight Real Estate ETF (EWRE), iShares Residential and Multisector Real Estate ETF (REZ) and Invesco Real Assets ESG ETF (IVRA).

Camden Property Trust (NYSE:CPT) pays an annual dividend of $4.00 per share and currently has a dividend yield of 3.85%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 71.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPT will have a dividend payout ratio of 55.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPT.

Camden Property Trust issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $1.66-$1.70 for the period, compared to the consensus estimate of $1.71. The company issued revenue guidance of -.

326 employees have rated Camden Property Trust Chief Executive Officer Richard J. Campo on Glassdoor.com. Richard J. Campo has an approval rating of 99% among the company's employees. This puts Richard J. Campo in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Camden Property Trust investors own include Amgen (AMGN), Cisco Systems (CSCO), Gilead Sciences (GILD), NVIDIA (NVDA), Salesforce (CRM), Procter & Gamble (PG), American Tower (AMT), Boeing (BA), Bank of America (BAC) and Crown Castle (CCI).

Camden Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPT."

Camden Property Trust's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.33%), State Street Corp (6.45%), Victory Capital Management Inc. (2.48%), Geode Capital Management LLC (2.36%), Daiwa Securities Group Inc. (2.25%) and JPMorgan Chase & Co. (1.92%). Insiders that own company stock include D Keith Oden, Frances Aldrich Sevilla-Sacasa, H Malcolm Stewart, Heather J Brunner, Kelvin R Westbrook, Laurie Baker, Michael P Gallagher, Richard J Campo, Scott S Ingraham, William F Paulsen and William W Sengelmann.
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Shares of CPT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CPT stock can currently be purchased for approximately $103.92.

Camden Property Trust (NYSE:CPT) has a market capitalization of $11.09 billion and generates $1.42 billion in revenue each year. The real estate investment trust earns $653.61 million in net income (profit) each year or $5.62 on an earnings per share basis.

The company employs 1,650 workers across the globe.

Camden Property Trust's mailing address is 11 Greenway Plaza Suite 2400, Houston TX, 77046. The official website for the company is www.camdenliving.com. The real estate investment trust can be reached via phone at (713) 354-2500, via email at kcallahan@camdenliving.com, or via fax at 713-354-2700.