Truist Financial Cuts Camden Property Trust (NYSE:CPT) Price Target to $108.00

Camden Property Trust (NYSE:CPT) had its target price cut by research analysts at Truist Financial from $123.00 to $108.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective suggests a potential upside of 11.05% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen raised shares of Camden Property Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Cantor Fitzgerald upped their target price on shares of Camden Property Trust from $102.00 to $111.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $114.00 price target on shares of Camden Property Trust in a research note on Monday, July 20th. Jefferies Financial Group upgraded Camden Property Trust to a “hold” rating in a research note on Wednesday, July 22nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $105.00 target price (down from $106.00) on shares of Camden Property Trust in a report on Tuesday, September 15th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $114.35.

Camden Property Trust Stock Down 0.4%

Shares of Camden Property Trust stock opened at $97.25 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market capitalization of $9.78 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 7.04 and a beta of 0.77. Camden Property Trust has a 52-week low of $96.53 and a 52-week high of $119.81. The company has a 50-day simple moving average of $107.49 and a two-hundred day simple moving average of $106.80.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.49). The business had revenue of $396.07 million during the quarter, compared to analysts’ expectations of $392.88 million. Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%.The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, analysts anticipate 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 institutional investors and hedge funds have recently bought and sold shares of CPT. CORDA Investment Management LLC. increased its stake in Camden Property Trust by 90.8% in the first 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. Jennison Associates LLC boosted its stake in shares of Camden Property Trust by 100.2% during the first 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 period. Empyrean Capital Partners LP purchased a new stake in shares of Camden Property Trust during the first quarter valued at $9,180,000. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Camden Property Trust by 32.4% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 269,117 shares of the real estate investment trust’s stock worth $29,624,000 after purchasing an additional 65,919 shares during the last quarter. Finally, Maverick Capital Ltd. increased its stake in Camden Property Trust by 1.6% in the 1st quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust’s stock worth $182,416,000 after buying an additional 30,076 shares during the period. 97.22% of the stock is 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 apartment communities. Its portfolio is focused primarily on multifamily housing, with properties offering a range of apartment floor plans and amenities designed for renters in urban and suburban markets.

The company serves residents across several major metropolitan areas in the U.S. Sun Belt, including markets in Texas, Colorado, Arizona, California, Georgia, North Carolina, Florida, and Tennessee.