Research Analysts Set Expectations for CPT FY2024 Earnings

Camden Property Trust (NYSE:CPT - Free Report) - Wedbush boosted their FY2024 earnings per share (EPS) estimates for Camden Property Trust in a report released on Wednesday, November 6th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will earn $6.82 per share for the year, up from their previous forecast of $6.73. Wedbush currently has a "Outperform" rating and a $131.00 target price on the stock. The consensus estimate for Camden Property Trust's current full-year earnings is $6.80 per share. Wedbush also issued estimates for Camden Property Trust's FY2025 earnings at $6.82 EPS.

Several other research analysts have also weighed in on the stock. Evercore ISI lifted their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. Bank of America raised Camden Property Trust from an "underperform" rating to a "buy" rating and upped their price objective for the company from $111.00 to $147.00 in a research note on Monday, August 12th. Royal Bank of Canada reduced their price objective on Camden Property Trust from $131.00 to $127.00 and set a "sector perform" rating for the company in a research note on Monday. Wells Fargo & Company upgraded shares of Camden Property Trust from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $104.00 to $127.00 in a research note on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Camden Property Trust from $90.00 to $115.00 and gave the company a "hold" rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Camden Property Trust has a consensus rating of "Hold" and an average target price of $122.03.

Camden Property Trust Stock Performance

CPT stock traded up $3.16 during trading on Friday, reaching $121.75. The stock had a trading volume of 1,111,471 shares, compared to its average volume of 991,892. The firm has a market cap of $12.99 billion, a PE ratio of 37.53, a PEG ratio of 4.33 and a beta of 0.91. The company has a current ratio of 0.15, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 52 week low of $85.30 and a 52 week high of $127.69. The stock's 50 day moving average is $121.52 and its two-hundred day moving average is $113.85.

Institutional Trading of Camden Property Trust

Several hedge funds have recently added to or reduced their stakes in CPT. Kings Path Partners LLC purchased a new stake in shares of Camden Property Trust in the second quarter valued at about $33,000. Federated Hermes Inc. bought a new position in Camden Property Trust during the second quarter worth $33,000. Family Firm Inc. acquired a new stake in Camden Property Trust in the second quarter worth $39,000. Versant Capital Management Inc boosted its position in shares of Camden Property Trust by 2,187.5% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 350 shares during the last quarter. Finally, American Capital Advisory LLC grew its holdings in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were given a $1.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.38%. Camden Property Trust's payout ratio is currently 130.38%.

Camden Property Trust Company Profile

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.