Piper Sandler Lowers Camden Property Trust (NYSE:CPT) Price Target to $111.00

Camden Property Trust (NYSE:CPT) had its price objective lowered by equities researchers at Piper Sandler from $117.00 to $111.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s target price points to a potential upside of 9.08% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Cantor Fitzgerald assumed coverage on shares of Camden Property Trust in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $115.00 price target on the stock. Scotiabank dropped their price target on shares of Camden Property Trust from $126.00 to $115.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 4th. Evercore ISI reduced 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 note on Monday, November 3rd. Finally, 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. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $119.67.

Camden Property Trust Stock Performance

Shares of CPT opened at $101.76 on Monday. The firm has a market capitalization of $10.87 billion, a P/E ratio of 71.16, a PEG ratio of 3.31 and a beta of 0.81. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. Camden Property Trust has a one year low of $97.17 and a one year high of $127.65. The business has a fifty day moving average of $105.10 and a 200 day moving average of $110.61.

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, beating analysts’ consensus estimates of $1.68 by $0.02. The company had revenue of $398.24 million for the quarter, compared to the consensus estimate of $397.89 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.Camden Property Trust’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.71 earnings per share. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS. FY 2025 guidance at 6.830-6.87 EPS. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in Camden Property Trust during the second quarter valued at about $160,217,000. Millennium Management LLC grew its position in shares of Camden Property Trust by 1,669.3% during the first quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust’s stock worth $131,880,000 after purchasing an additional 1,017,388 shares in the last quarter. Nuveen LLC bought a new stake in Camden Property Trust during the 1st quarter valued at approximately $123,882,000. Long Pond Capital LP raised its stake in 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 valued at $115,253,000 after purchasing an additional 692,412 shares during the period. Finally, Invesco Ltd. lifted its holdings in 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 purchasing an additional 609,697 shares in the last quarter. Institutional investors 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.