Scotiabank Issues Positive Forecast for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its target price boosted by equities research analysts at Scotiabank from $95.00 to $102.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “sector underperform” rating on the real estate investment trust’s stock. Scotiabank’s target price would suggest a potential downside of 7.50% from the stock’s current price.

CPT has been the topic of several other research reports. Truist Financial boosted their target price on Camden Property Trust from $118.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Wall Street Zen upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Barclays increased their price objective on shares of Camden Property Trust from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Evercore set a $113.00 target price on Camden Property Trust in a report on Monday, June 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camden Property Trust in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $114.48.

Camden Property Trust Stock Up 0.8%

CPT traded up $0.92 during trading on Thursday, reaching $110.27. The company had a trading volume of 280,057 shares, compared to its average volume of 1,217,935. The company has a market cap of $11.08 billion, a P/E ratio of 30.83, a PEG ratio of 8.49 and a beta of 0.80. Camden Property Trust has a 12 month low of $96.53 and a 12 month high of $117.50. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.42 and a quick ratio of 0.42. The business’s fifty day moving average price is $106.12 and its 200 day moving average price is $106.03.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.28 by $0.12. Camden Property Trust had a net margin of 24.69% and a return on equity of 8.71%. The business had revenue of $390.92 million for the quarter, compared to analysts’ expectations of $378.11 million. During the same period in the previous year, the firm posted $1.72 EPS. The firm’s revenue was down .5% compared to the same quarter last year. Camden Property Trust has set its FY 2026 guidance at 6.600-6.900 EPS and its Q2 2026 guidance at 1.650-1.690 EPS. Equities analysts anticipate that Camden Property Trust will post 6.65 EPS for the current year.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Maverick Capital Ltd. acquired a new stake in Camden Property Trust during the 4th quarter worth about $202,304,000. Norges Bank acquired a new stake in shares of Camden Property Trust in the 4th quarter worth $154,587,000. Viking Global Investors LP increased its holdings in shares of Camden Property Trust by 41.6% during the 3rd quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock worth $410,755,000 after buying an additional 1,130,718 shares during the last quarter. Invesco Ltd. increased its position in shares of Camden Property Trust by 38.4% during the 4th quarter. Invesco Ltd. now owns 3,452,355 shares of the real estate investment trust’s stock worth $380,035,000 after purchasing an additional 957,896 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Camden Property Trust by 64.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,113,896 shares of the real estate investment trust’s stock worth $232,698,000 after purchasing an additional 825,769 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

About Camden Property Trust

Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.

Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.