Camden Property Trust (NYSE:CPT) Stock Price Target Lowered at Royal Bank Of Canada

Camden Property Trust (NYSE:CPT) had its target price cut by stock analysts at Royal Bank Of Canada from $111.00 to $101.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 3.65% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group raised shares of Camden Property Trust to a “hold” rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $114.00 target price on shares of Camden Property Trust in a report on Monday, July 20th. Wall Street Zen upgraded shares of Camden Property Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Evercore set a $110.00 target price on shares of Camden Property Trust in a research report on Monday, September 21st. Finally, Wells Fargo & Company decreased their target price on shares of Camden Property Trust from $113.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Camden Property Trust has an average rating of “Hold” and a consensus price target of $112.95.

Camden Property Trust Stock Performance

NYSE:CPT traded down $0.15 during mid-day trading on Tuesday, reaching $97.44. The company’s stock had a trading volume of 55,404 shares, compared to its average volume of 1,136,712. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25. The stock has a market cap of $9.80 billion, a P/E ratio of 32.26, a PEG ratio of 7.26 and a beta of 0.79. The firm’s fifty day moving average price is $103.72 and its two-hundred day moving average price is $106.51. Camden Property Trust has a 12-month low of $95.30 and a 12-month high of $119.81.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.49). The company had revenue of $396.07 million for the quarter, compared to analysts’ expectations of $392.88 million. Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $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. On average, equities analysts forecast that Camden Property Trust will post 6.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Camden Property Trust

A number of large investors have recently made changes to their positions in the company. Jennison Associates LLC increased its position in shares of Camden Property Trust by 100.2% during the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock valued at $117,861,000 after purchasing an additional 603,997 shares during the last quarter. CORDA Investment Management LLC. lifted its stake in shares of Camden Property Trust by 90.8% in the 1st quarter. CORDA Investment Management LLC. now owns 426,913 shares of the real estate investment trust’s stock worth $41,692,000 after purchasing an additional 203,131 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Camden Property Trust by 49.7% in the first quarter. Renaissance Technologies LLC now owns 466,800 shares of the real estate investment trust’s stock worth $45,588,000 after buying an additional 154,900 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Camden Property Trust in the second quarter worth approximately $16,395,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of Camden Property Trust by 3,804.2% in the second quarter. Squarepoint Ops LLC now owns 107,327 shares of the real estate investment trust’s stock worth $12,288,000 after buying an additional 104,578 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Company Profile

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.