Scotiabank Increases Camden Property Trust (NYSE:CPT) Price Target to $102.00

Camden Property Trust (NYSE:CPT) had its price target hoisted by equities researchers at Scotiabank from $95.00 to $102.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “sector underperform” rating on the real estate investment trust’s stock. Scotiabank’s price objective points to a potential downside of 7.50% from the stock’s previous close.

A number of other brokerages have also commented on CPT. Barclays upped their target price on Camden Property Trust from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Evercore set a $113.00 price target on Camden Property Trust in a report on Monday, June 8th. Wells Fargo & Company increased their price target on shares of Camden Property Trust from $106.00 to $107.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camden Property Trust in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $114.48.

Camden Property Trust Stock Up 0.8%

NYSE CPT traded up $0.92 during trading hours on Thursday, reaching $110.27. 280,057 shares of the company traded hands, compared to its average volume of 1,217,935. The company has a 50 day moving average of $106.12 and a two-hundred day moving average of $106.03. Camden Property Trust has a 12 month low of $96.53 and a 12 month high of $117.50. The stock has a market capitalization of $11.08 billion, a PE ratio of 30.83, a PEG ratio of 8.49 and a beta of 0.80. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.04.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.12. The company had revenue of $390.92 million during the quarter, compared to analyst estimates of $378.11 million. Camden Property Trust had a net margin of 24.69% and a return on equity of 8.71%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.72 EPS. 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. As a group, equities analysts expect that Camden Property Trust will post 6.65 earnings per share for the current year.

Institutional Trading of Camden Property Trust

A number of hedge funds and other institutional investors have recently modified their holdings of CPT. Clearstead Advisors LLC grew its holdings in Camden Property Trust by 92.0% in the fourth 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 period. CYBER HORNET ETFs LLC bought a new stake in shares of Camden Property Trust in the 2nd quarter worth approximately $32,000. Fulcrum Asset Management LLP purchased a new stake in shares of Camden Property Trust in the 3rd quarter worth approximately $32,000. MUFG Securities EMEA plc bought a new position in Camden Property Trust during the 2nd quarter valued at approximately $35,000. Finally, Summit Securities Group LLC increased its position in Camden Property Trust by 169.6% during the 1st quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 268 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

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.