Royal Bank Of Canada Has Lowered Expectations for Camden Property Trust (NYSE:CPT) Stock Price

Camden Property Trust (NYSE:CPT) had its target price reduced by research analysts at Royal Bank Of Canada from $111.00 to $110.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 7.74% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Piper Sandler cut their price objective on shares of Camden Property Trust from $117.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday. Truist Financial reduced their price target on Camden Property Trust from $131.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, August 27th. The Goldman Sachs Group lowered Camden Property Trust from a “neutral” rating to a “sell” rating and cut their target price for the company from $118.00 to $106.00 in a research report on Wednesday, September 17th. Wells Fargo & Company cut their price target on shares of Camden Property Trust from $112.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, October 13th. Finally, Cantor Fitzgerald initiated coverage on shares of Camden Property Trust in a research note on Wednesday, October 1st. They set a “neutral” rating and a $115.00 target price for the company. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $119.17.

Camden Property Trust Stock Performance

Shares of CPT traded up $0.31 during mid-day trading on Monday, hitting $102.09. 227,080 shares of the company’s stock were exchanged, compared to its average volume of 997,597. Camden Property Trust has a fifty-two week low of $97.17 and a fifty-two week high of $127.65. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $105.10 and its two-hundred day moving average is $110.61. The firm has a market capitalization of $10.91 billion, a P/E ratio of 71.37, a P/E/G ratio of 3.31 and a beta of 0.81.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.02. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The firm had revenue of $398.24 million for the quarter, compared to analyst estimates of $397.89 million. During the same quarter in the prior year, the company posted $1.71 earnings per share. Camden Property Trust’s quarterly revenue was up 2.2% on a year-over-year basis. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS. FY 2025 guidance at 6.830-6.87 EPS. On average, equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Institutional Trading of Camden Property Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Camden Property Trust during the second quarter valued at approximately $160,217,000. Millennium Management LLC raised its position in 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 valued at $131,880,000 after buying an additional 1,017,388 shares during the period. Nuveen LLC purchased a new stake in Camden Property Trust in the 1st quarter worth about $123,882,000. Long Pond Capital LP boosted its position 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 worth $115,253,000 after acquiring an additional 692,412 shares during the period. Finally, Invesco Ltd. grew its stake in Camden Property Trust by 34.5% during the 2nd quarter. Invesco Ltd. now owns 2,375,058 shares of the real estate investment trust’s stock valued at $267,645,000 after acquiring an additional 609,697 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.