Camden Property Trust (NYSE:CPT – Get Free Report) had its price objective cut by Piper Sandler from $119.00 to $102.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s target price suggests a potential upside of 4.06% from the stock’s current price.
Several other research analysts have also recently issued reports on CPT. Cantor Fitzgerald increased their price objective on Camden Property Trust from $102.00 to $111.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Truist Financial reduced their target price on Camden Property Trust from $123.00 to $108.00 and set a “buy” rating for the company in a report on Friday, September 25th. Evercore set a $110.00 target price on shares of Camden Property Trust in a research report on Monday, September 21st. UBS Group reaffirmed a “neutral” rating and set a $105.00 price target (down from $106.00) on shares of Camden Property Trust in a research note on Tuesday, September 15th. 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $112.95.
Get Our Latest Stock Analysis on Camden Property Trust
Camden Property Trust Price Performance
Camden Property Trust (NYSE:CPT – Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.49). The business had revenue of $396.07 million for the quarter, compared to analyst estimates of $392.88 million. Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 EPS. 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. Research analysts anticipate that Camden Property Trust will post 6.75 earnings per share for the current year.
Institutional Investors Weigh In On Camden Property Trust
Institutional investors have recently modified their holdings of the company. Summit Securities Group LLC raised its stake in shares of Camden Property Trust by 169.6% during 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 last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Camden Property Trust in the 2nd quarter worth about $55,000. Western Wealth Management LLC purchased a new stake in shares of Camden Property Trust in the 1st quarter worth about $55,000. Trust Co. of Vermont purchased a new stake in shares of Camden Property Trust in the 2nd quarter worth about $126,000. Finally, Parallel Advisors LLC grew its stake in Camden Property Trust by 25.7% in the 1st quarter. Parallel Advisors LLC now owns 1,335 shares of the real estate investment trust’s stock valued at $130,000 after acquiring an additional 273 shares during the last quarter. Hedge funds and other 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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