Wedbush Analysts Increase Earnings Estimates for CPT

Camden Property Trust (NYSE:CPT - Free Report) - Investment analysts at Wedbush upped their FY2025 earnings per share (EPS) estimates for shares of Camden Property Trust in a note issued to investors on Monday, February 10th. Wedbush analyst R. Anderson now expects that the real estate investment trust will earn $6.73 per share for the year, up from their prior estimate of $6.70. The consensus estimate for Camden Property Trust's current full-year earnings is $6.80 per share.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%.

A number of other analysts have also issued reports on the company. Wells Fargo & Company lowered their target price on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Barclays lowered their target price on Camden Property Trust from $138.00 to $126.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Scotiabank raised their target price on Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a report on Friday. Royal Bank of Canada raised their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a report on Monday, February 10th. Finally, Mizuho lowered their target price on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and a consensus target price of $126.31.

Camden Property Trust Stock Down 0.0 %

Shares of NYSE CPT traded down $0.05 during mid-day trading on Thursday, reaching $119.11. 604,305 shares of the company traded hands, compared to its average volume of 792,537. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market cap of $12.71 billion, a PE ratio of 79.41, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94. The company's fifty day moving average is $115.19 and its two-hundred day moving average is $119.23. Camden Property Trust has a fifty-two week low of $92.26 and a fifty-two week high of $127.69.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio (DPR) is 280.00%.

Insider Buying and Selling

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the transaction, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the sale, the chief executive officer now directly owns 300,135 shares of the company's stock, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock worth $2,895,718 in the last 90 days. 1.80% of the stock is owned by company insiders.

Institutional Trading of Camden Property Trust

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Camden Property Trust by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock worth $2,001,737,000 after acquiring an additional 125,287 shares in the last quarter. State Street Corp increased its holdings in Camden Property Trust by 0.5% during the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust's stock worth $886,693,000 after purchasing an additional 36,528 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Camden Property Trust by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock valued at $510,674,000 after purchasing an additional 277,117 shares during the period. FMR LLC grew its holdings in shares of Camden Property Trust by 14.5% during the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust's stock worth $407,324,000 after buying an additional 416,701 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Camden Property Trust by 17.3% during the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock worth $344,432,000 after buying an additional 438,685 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

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.