Camden Property Trust (NYSE:CPT – Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 6.620-6.860 for the period, compared to the consensus estimate of 6.720. The company issued revenue guidance of -. Camden Property Trust also updated its Q2 2024 guidance to 1.650-1.690 EPS.
Analysts Set New Price Targets
CPT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Camden Property Trust in a report on Tuesday, January 30th. They set a hold rating and a $90.00 target price for the company. StockNews.com raised Camden Property Trust from a sell rating to a hold rating in a research report on Tuesday, April 30th. Truist Financial boosted their price target on Camden Property Trust from $113.00 to $114.00 and gave the stock a buy rating in a report on Tuesday, April 9th. Piper Sandler raised Camden Property Trust from an underweight rating to a neutral rating and increased their price objective for the company from $90.00 to $110.00 in a research note on Monday. Finally, Barclays cut Camden Property Trust from an overweight rating to an equal weight rating and dropped their price objective for the stock from $138.00 to $100.00 in a research report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Camden Property Trust presently has a consensus rating of Hold and an average price target of $107.06.
Check Out Our Latest Stock Analysis on CPT
Camden Property Trust Trading Up 0.9 %
Camden Property Trust (NYSE:CPT – Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, beating the consensus estimate of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.92% and a net margin of 28.78%. The company had revenue of $387.59 million for the quarter, compared to analyst estimates of $387.33 million. During the same period last year, the company posted $1.74 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. On average, research analysts predict that Camden Property Trust will post 6.72 EPS for the current fiscal year.
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 58,634 apartment homes across the United States.
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