Research Analysts Offer Predictions for CPT FY2024 Earnings

Camden Property Trust (NYSE:CPT) – Stock analysts at Wedbush upped their FY2024 earnings estimates for shares of Camden Property Trust in a research report issued on Wednesday, November 6th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will earn $6.82 per share for the year, up from their previous forecast of $6.73. Wedbush currently has a “Outperform” rating and a $131.00 target price on the stock. The consensus estimate for Camden Property Trust’s current full-year earnings is $6.80 per share. Wedbush also issued estimates for Camden Property Trust’s FY2025 earnings at $6.82 EPS.

CPT has been the topic of several other research reports. UBS Group lifted their price objective on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Evercore ISI lifted their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. upped their price objective on Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and raised their target price for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average target price of $122.03.

Camden Property Trust Stock Performance

CPT opened at $118.59 on Friday. Camden Property Trust has a 1-year low of $85.30 and a 1-year high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.37. The firm has a market cap of $12.65 billion, a P/E ratio of 37.53, a PEG ratio of 4.33 and a beta of 0.91. The company has a 50 day simple moving average of $121.52 and a two-hundred day simple moving average of $113.85.

Institutional Investors Weigh In On Camden Property Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Camden Property Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after buying an additional 289,425 shares during the last quarter. Victory Capital Management Inc. lifted its position in Camden Property Trust by 5.0% during the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock worth $470,704,000 after acquiring an additional 206,654 shares during the period. Centersquare Investment Management LLC grew its stake in Camden Property Trust by 64.2% during the 1st quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock valued at $228,939,000 after purchasing an additional 898,398 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Camden Property Trust by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock valued at $174,299,000 after purchasing an additional 54,475 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Camden Property Trust by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock valued at $144,933,000 after purchasing an additional 7,722 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a dividend of $1.03 per share. The ex-dividend date was Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.47%. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

About Camden Property Trust

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.