Q4 2024 EPS Estimates for Camden Property Trust Increased by Analyst (NYSE:CPT)

Camden Property Trust (NYSE:CPT) – Stock analysts at Wedbush increased their Q4 2024 earnings per share (EPS) estimates for shares of Camden Property Trust in a note issued to investors on Monday, May 6th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings of $1.72 per share for the quarter, up from their prior forecast of $1.71. Wedbush currently has a “Outperform” rating and a $118.00 target price on the stock. The consensus estimate for Camden Property Trust’s current full-year earnings is $6.72 per share.

Several other brokerages also recently weighed in on CPT. Truist Financial upped their target price on shares of Camden Property Trust from $113.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Morgan Stanley upped their price objective on Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $107.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday. Piper Sandler upgraded shares of Camden Property Trust from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $90.00 to $110.00 in a research report on Monday. Finally, Mizuho lifted their target price on Camden Property Trust from $99.00 to $111.00 and gave the stock a “buy” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $107.06.

Camden Property Trust Price Performance

NYSE CPT opened at $104.18 on Wednesday. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.94 and a beta of 0.82. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The company’s 50 day moving average is $98.62 and its two-hundred day moving average is $95.55. The company has a current ratio of 0.43, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71.

Institutional Investors Weigh In On Camden Property Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Camden Property Trust by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 17,002,453 shares of the real estate investment trust’s stock worth $1,688,174,000 after purchasing an additional 60,511 shares during the period. JPMorgan Chase & Co. grew its stake in Camden Property Trust by 41.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after acquiring an additional 1,187,974 shares in the last quarter. Norges Bank purchased a new position in shares of Camden Property Trust during the fourth quarter worth approximately $376,933,000. Victory Capital Management Inc. boosted its holdings in shares of Camden Property Trust by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 3,686,395 shares of the real estate investment trust’s stock valued at $366,022,000 after purchasing an additional 87,337 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Camden Property Trust by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,547,287 shares of the real estate investment trust’s stock worth $153,633,000 after purchasing an additional 16,389 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

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 58,634 apartment homes across the United States.