Shares of Camden Property Trust (NYSE:CPT – Get Free Report) reached a new 52-week low during trading on Thursday. The stock traded as low as $95.30 and last traded at $96.1730, with a volume of 37203 shares changing hands. The stock had previously closed at $95.80.
Wall Street Analyst Weigh In
Several research firms have weighed in on CPT. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $114.00 price target on shares of Camden Property Trust in a research note on Monday, July 20th. Wall Street Zen upgraded Camden Property Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Scotiabank lowered their target price on Camden Property Trust from $109.00 to $102.00 and set a “sector underperform” rating for the company in a research note on Thursday, September 17th. Mizuho reduced their price target on Camden Property Trust from $125.00 to $116.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 8th. Finally, Jefferies Financial Group raised shares of Camden Property Trust to a “hold” rating in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $114.35.
Check Out Our Latest Research Report on CPT
Camden Property Trust Stock Performance
Camden Property Trust (NYSE:CPT – Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.49). Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%.The company had revenue of $396.07 million during the quarter, compared to analysts’ expectations of $392.88 million. During the same period in the prior year, the business posted $1.70 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. On average, equities analysts predict that Camden Property Trust will post 6.75 EPS for the current year.
Camden Property Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th will be issued a $1.06 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $4.24 dividend on an annualized basis and a yield of 4.4%. Camden Property Trust’s dividend payout ratio is 140.40%.
Institutional Trading of Camden Property Trust
A number of hedge funds have recently modified their holdings of CPT. Summit Securities Group LLC grew its position in shares of Camden Property Trust by 169.6% in the 1st quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 268 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Camden Property Trust in the second quarter worth about $55,000. Western Wealth Management LLC purchased a new stake in Camden Property Trust in the first quarter worth about $55,000. Havemeyer Place LP bought a new position in shares of Camden Property Trust during the fourth quarter valued at approximately $108,000. Finally, Trust Co. of Vermont bought a new position in shares of Camden Property Trust during the second quarter valued at approximately $126,000. Institutional investors own 97.22% of the company’s stock.
About Camden Property Trust
Camden Property Trust (NYSE:CPT) is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides residential rental housing and related property-management services, with properties designed to serve a range of residents in major metropolitan areas.
Camden focuses primarily on high-growth markets in the Sun Belt, including communities in Texas, Florida, Georgia, North Carolina, Colorado, Arizona, Nevada, and Tennessee.
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