Camden Property Trust (NYSE:CPT) Given Consensus Rating of “Hold” by Brokerages

Camden Property Trust (NYSE:CPT) has received a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $121.6094.

CPT has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Camden Property Trust in a research note on Wednesday, October 8th. UBS Group cut their price target on shares of Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 15th. Barclays cut their price target on shares of Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 30th. Scotiabank cut their price target on shares of Camden Property Trust from $136.00 to $133.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 14th. Finally, Morgan Stanley cut their price objective on shares of Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th.

Institutional Trading of Camden Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp increased its stake in shares of Camden Property Trust by 2.0% in the second quarter. State Street Corp now owns 7,452,448 shares of the real estate investment trust’s stock worth $847,524,000 after acquiring an additional 147,684 shares during the period. Geode Capital Management LLC boosted its holdings in Camden Property Trust by 1.8% during the second quarter. Geode Capital Management LLC now owns 2,961,433 shares of the real estate investment trust’s stock worth $332,432,000 after buying an additional 51,357 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in Camden Property Trust by 3.6% during the first quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust’s stock worth $319,711,000 after buying an additional 91,752 shares in the last quarter. Invesco Ltd. boosted its holdings in Camden Property Trust by 34.5% during the second quarter. Invesco Ltd. now owns 2,375,058 shares of the real estate investment trust’s stock worth $267,645,000 after buying an additional 609,697 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Camden Property Trust by 9.2% during the first quarter. Wellington Management Group LLP now owns 2,271,077 shares of the real estate investment trust’s stock worth $277,753,000 after buying an additional 192,133 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Trading Up 0.2%

NYSE:CPT opened at $101.91 on Friday. Camden Property Trust has a 52 week low of $100.60 and a 52 week high of $127.65. The firm has a 50 day moving average of $107.01 and a 200 day moving average of $111.77. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 71.27, a PEG ratio of 3.45 and a beta of 0.80.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. During the same quarter in the prior year, the business posted $1.71 EPS. Camden Property Trust’s revenue for the quarter was up 2.4% compared to the same quarter last year. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.1%. Camden Property Trust’s dividend payout ratio is presently 293.71%.

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.