Camden Property Trust (NYSE:CPT) Price Target Cut to $116.00 by Analysts at Truist Financial

Camden Property Trust (NYSE:CPT) had its price target reduced by Truist Financial from $123.00 to $116.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential upside of 10.97% from the stock’s previous close.

Several other research analysts also recently commented on the company. Stifel Nicolaus raised Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 target price on the stock in a report on Tuesday, August 26th. Evercore ISI lowered their price objective on Camden Property Trust from $115.00 to $108.00 and set an “in-line” rating for the company in a research report on Monday, November 3rd. Scotiabank reduced their target price on Camden Property Trust from $126.00 to $115.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 4th. Bank of America lowered their price target on shares of Camden Property Trust from $142.00 to $137.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Finally, Morgan Stanley reduced their price objective on shares of Camden Property Trust from $124.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $117.57.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $104.54 on Monday. The business has a 50 day moving average of $103.01 and a 200-day moving average of $108.41. The company has a market capitalization of $11.12 billion, a P/E ratio of 42.36, a P/E/G ratio of 3.46 and a beta of 0.82. Camden Property Trust has a 1 year low of $97.17 and a 1 year high of $126.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.13 and a quick ratio of 0.13.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.02. The firm had revenue of $398.24 million for the quarter, compared to analyst estimates of $397.89 million. Camden Property Trust had a net margin of 17.15% and a return on equity of 5.75%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 EPS. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS and its FY 2025 guidance at 6.830-6.87 EPS. On average, equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Hedge Funds Weigh In On Camden Property Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Camden Property Trust in the 2nd quarter worth approximately $160,217,000. Viking Global Investors LP grew its stake in Camden Property Trust by 41.6% in the 3rd quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock valued at $410,755,000 after purchasing an additional 1,130,718 shares during the period. Millennium Management LLC increased its position in shares of Camden Property Trust by 1,669.3% during the 1st quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust’s stock valued at $131,880,000 after purchasing an additional 1,017,388 shares during the last quarter. Long Pond Capital LP raised its stake in shares of Camden Property Trust by 209.6% during the 2nd quarter. Long Pond Capital LP now owns 1,022,742 shares of the real estate investment trust’s stock worth $115,253,000 after purchasing an additional 692,412 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Camden Property Trust by 34.5% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

About Camden Property Trust

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.