Camden Property Trust (NYSE:CPT – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $118.85 and last traded at $118.5250, with a volume of 8820 shares traded. The stock had previously closed at $116.95.
Analysts Set New Price Targets
Several equities analysts recently issued reports on CPT shares. Mizuho lifted their price target on shares of Camden Property Trust from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Wells Fargo & Company upped their price objective on shares of Camden Property Trust from $106.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Stifel Nicolaus set a $118.75 price objective on shares of Camden Property Trust in a report on Friday, May 1st. Wall Street Zen cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. Finally, Evercore set a $113.00 target price on Camden Property Trust in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $114.67.
Check Out Our Latest Analysis on CPT
Camden Property Trust Price Performance
Camden Property Trust (NYSE:CPT – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. Camden Property Trust had a net margin of 24.69% and a return on equity of 8.71%. The business had revenue of $390.92 million during the quarter, compared to analyst estimates of $378.11 million. During the same quarter last year, the business posted $1.72 earnings per share. Camden Property Trust’s revenue for the quarter was down .5% compared to the same quarter last year. Camden Property Trust has set its FY 2026 guidance at 6.600-6.900 EPS and its Q2 2026 guidance at 1.650-1.690 EPS. Equities research analysts anticipate that Camden Property Trust will post 6.65 earnings per share for the current year.
Camden Property Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be given a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, June 30th. Camden Property Trust’s dividend payout ratio (DPR) is presently 118.44%.
Hedge Funds Weigh In On Camden Property Trust
Hedge funds have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in Camden Property Trust in the second quarter worth about $32,000. Clearstead Advisors LLC raised its holdings in Camden Property Trust by 92.0% during the 4th quarter. Clearstead Advisors LLC now owns 288 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 138 shares during the last quarter. Fulcrum Asset Management LLP acquired a new position in Camden Property Trust during the 3rd quarter valued at about $32,000. MUFG Securities EMEA plc acquired a new position in Camden Property Trust during the 2nd quarter valued at about $35,000. Finally, Prosperity Bancshares Inc bought a new position in shares of Camden Property Trust in the 4th quarter valued at about $42,000. Institutional investors own 97.22% of the company’s stock.
About Camden Property Trust
Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.
Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.
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