Wedbush Expects Increased Earnings for Camden Property Trust

Camden Property Trust (NYSE:CPT) – Analysts at Wedbush raised their FY2025 earnings per share estimates for shares of Camden Property Trust in a research note issued on Monday, February 10th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will earn $6.73 per share for the year, up from their previous estimate of $6.70. The consensus estimate for Camden Property Trust’s current full-year earnings is $6.80 per share.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Mizuho cut their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada lifted their price objective on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday. Barclays dropped their target price on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $126.03.

Camden Property Trust Stock Down 1.1 %

Shares of Camden Property Trust stock opened at $118.46 on Thursday. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 78.97, a PEG ratio of 4.27 and a beta of 0.94. The company has a 50-day moving average of $115.30 and a 200 day moving average of $119.08. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15.

Institutional Trading of Camden Property Trust

Several large investors have recently added to or reduced their stakes in the business. National Pension Service purchased a new position in shares of Camden Property Trust during the 4th quarter worth $26,000. UMB Bank n.a. raised its holdings in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 98 shares during the period. Quent Capital LLC lifted its position in Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC bought a new stake in Camden Property Trust during the fourth quarter valued at about $29,000. Finally, Neo Ivy Capital Management purchased a new stake in Camden Property Trust in the third quarter worth about $38,000. 97.22% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Alexander J. Jessett sold 1,862 shares of Camden Property Trust stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $204,931.72. Following the completion of the sale, the chief financial officer now owns 122,384 shares of the company’s stock, valued at $13,469,583.04. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the transaction, the director now directly owns 10,537 shares in the company, valued at approximately $1,206,486.50. This represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,413 shares of company stock valued at $2,895,718. Company insiders own 1.80% of the company’s stock.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.55%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is currently 274.67%.

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.