Camden Property Trust (NYSE:CPT) Price Target Raised to $123.00 at Truist Financial

Camden Property Trust (NYSE:CPT) had its price target raised by equities research analysts at Truist Financial from $118.00 to $123.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target points to a potential upside of 6.85% from the stock’s current price.

CPT has been the topic of a number of other reports. Morgan Stanley set a $117.00 price target on Camden Property Trust in a research note on Friday, May 15th. Scotiabank downgraded Camden Property Trust from a “sector perform” rating to a “sector underperform” rating and dropped their price target for the stock from $113.00 to $95.00 in a research note on Thursday, May 14th. Stifel Nicolaus set a $118.75 price target on Camden Property Trust in a research note on Friday, May 1st. Barclays raised their price target on Camden Property Trust from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada raised their price target on Camden Property Trust from $104.00 to $105.00 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price of $114.05.

Camden Property Trust Stock Down 0.2%

CPT traded down $0.20 during trading on Thursday, hitting $115.12. 156,376 shares of the company’s stock traded hands, compared to its average volume of 1,217,738. The company’s 50 day simple moving average is $104.81 and its two-hundred day simple moving average is $105.77. 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 has a 12-month low of $96.53 and a 12-month high of $118.59. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 8.58 and a beta of 0.80.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.28 by $0.12. Camden Property Trust had a return on equity of 8.71% and a net margin of 24.69%.The business had revenue of $390.92 million for the quarter, compared to the consensus estimate of $378.11 million. During the same period last year, the business posted $1.72 EPS. The company’s revenue 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. Analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camden Property Trust

A number of institutional investors have recently bought and sold shares of CPT. Maverick Capital Ltd. bought a new position in Camden Property Trust in the 4th quarter worth $202,304,000. Norges Bank bought a new position in Camden Property Trust in the 4th quarter worth $154,587,000. Viking Global Investors LP raised its holdings in Camden Property Trust by 41.6% in the 3rd quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock worth $410,755,000 after purchasing an additional 1,130,718 shares during the period. Invesco Ltd. raised its holdings in Camden Property Trust by 38.4% in the 4th quarter. Invesco Ltd. now owns 3,452,355 shares of the real estate investment trust’s stock worth $380,035,000 after purchasing an additional 957,896 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Camden Property Trust by 64.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,113,896 shares of the real estate investment trust’s stock worth $232,698,000 after purchasing an additional 825,769 shares during the period. 97.22% of the stock is owned by 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.