Royal Bank Of Canada Cuts Camden Property Trust (NYSE:CPT) Price Target to $110.00

Camden Property Trust (NYSE:CPT) had its price objective decreased by Royal Bank Of Canada from $111.00 to $110.00 in a report published on Monday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the real estate investment trust’s stock.

Several other brokerages have also recently commented on CPT. Truist Financial decreased their price target on shares of Camden Property Trust from $131.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, August 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Camden Property Trust in a research note on Wednesday, October 8th. Barclays cut their target price on Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 30th. Citigroup reduced their price target on shares of Camden Property Trust from $138.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 14th. Finally, The Goldman Sachs Group downgraded Camden Property Trust from a “neutral” rating to a “sell” rating and lowered their target price for the company from $118.00 to $106.00 in a research note on Wednesday, September 17th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $119.10.

Camden Property Trust Trading Down 1.0%

NYSE CPT opened at $102.65 on Monday. The firm’s 50-day moving average is $104.67 and its two-hundred day moving average is $110.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. Camden Property Trust has a 12 month low of $97.17 and a 12 month high of $127.65. The stock has a market capitalization of $10.97 billion, a P/E ratio of 71.78, a PEG ratio of 3.31 and a beta of 0.81.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.02. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The firm had revenue of $398.24 million during the quarter, compared to the consensus estimate of $397.89 million. During the same quarter last year, the firm earned $1.71 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS. FY 2025 guidance at 6.830-6.87 EPS. On average, sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.20 annualized dividend and a dividend yield of 4.1%. Camden Property Trust’s payout ratio is 170.04%.

Hedge Funds Weigh In On Camden Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP grew its holdings in Camden Property Trust by 47.4% in the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 158 shares during the last quarter. Cerity Partners LLC grew its stake in Camden Property Trust by 0.4% in the 1st quarter. Cerity Partners LLC now owns 78,474 shares of the real estate investment trust’s stock valued at $9,597,000 after acquiring an additional 342 shares during the last quarter. Xponance Inc. increased its holdings in Camden Property Trust by 2.6% during the 1st quarter. Xponance Inc. now owns 14,476 shares of the real estate investment trust’s stock valued at $1,770,000 after acquiring an additional 372 shares in the last quarter. Signaturefd LLC raised its position in Camden Property Trust by 8.5% during the first quarter. Signaturefd LLC now owns 1,333 shares of the real estate investment trust’s stock worth $163,000 after acquiring an additional 104 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in shares of Camden Property Trust by 13.6% in the first quarter. Wealthfront Advisers LLC now owns 2,514 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 301 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

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.