Camden Property Trust - CPT Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Camden Property Trust in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CPT shares.
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11 analysts have issued twelve-month price targets for Camden Property Trust's shares. Their CPT share price forecasts range from $125.00 to $171.00. On average, they expect the company's share price to reach $142.23 in the next year. This suggests a possible upside of 16.8% from the stock's current price.
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Camden Property Trust's stock was trading at $111.88 at the start of the year. Since then, CPT stock has increased by 8.8% and is now trading at $121.74.
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Camden Property Trust saw a decrease in short interest during the month of December. As of December 30th, there was short interest totaling 1,590,000 shares, a decrease of 13.1% from the December 15th total of 1,830,000 shares. Based on an average daily volume of 893,200 shares, the days-to-cover ratio is currently 1.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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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 analysts' consensus estimates of $1.49 by $1.07. The real estate investment trust earned $311.36 million during the quarter, compared to the consensus estimate of $308.90 million. Camden Property Trust had a trailing twelve-month return on equity of 13.46% and a net margin of 45.94%. The company's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 earnings per share.

Camden Property Trust declared a quarterly dividend on Thursday, February 2nd. Stockholders 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 dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, March 30th. This is an increase from the stock's previous quarterly dividend of $0.94.
Read our dividend analysis for CPT.

Camden Property Trust (NYSE:CPT) pays an annual dividend of $3.76 per share and currently has a dividend yield of 2.98%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 62.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPT will have a dividend payout ratio of 49.67% 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 FY23 earnings guidance on Thursday, February, 2nd. The company provided earnings per share (EPS) guidance of $6.70-$7.00 for the period, compared to the consensus EPS estimate of $7.14.

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 variety of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.40%), Presima Securities ULC (0.19%), State of New Jersey Common Pension Fund D (0.16%), Strs Ohio (0.12%), Reinhart Partners Inc. (0.12%) and New York State Common Retirement Fund (0.09%). 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 $121.74.

Camden Property Trust (NYSE:CPT) has a market capitalization of $12.97 billion and generates $1.42 billion in revenue each year. The real estate investment trust earns $303.91 million in net income (profit) each year or $5.99 on an earnings per share basis.

The company employs 1,700 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.