Camden Property Trust (NYSE:CPT – Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 1.650-1.690 for the period, compared to the consensus earnings per share estimate of 1.670. The company issued revenue guidance of -. Camden Property Trust also updated its FY 2024 guidance to 6.620-6.860 EPS.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Barclays downgraded Camden Property Trust from an overweight rating to an equal weight rating and lowered their price target for the company from $138.00 to $100.00 in a report on Tuesday, February 20th. Mizuho upped their price target on Camden Property Trust from $99.00 to $111.00 and gave the company a buy rating in a report on Monday. Wedbush upped their price target on Camden Property Trust from $110.00 to $118.00 and gave the company an outperform rating in a report on Monday. Piper Sandler raised Camden Property Trust from an underweight rating to a neutral rating and upped their price target for the company from $90.00 to $110.00 in a report on Monday. Finally, StockNews.com raised Camden Property Trust from a sell rating to a hold rating in a report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $107.06.
Check Out Our Latest Analysis on Camden Property Trust
Camden Property Trust Price Performance
Camden Property Trust (NYSE:CPT – Get Free Report) last released its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping the consensus estimate of $1.72 by $0.31. Camden Property Trust had a net margin of 28.78% and a return on equity of 8.92%. The firm had revenue of $387.59 million for the quarter, compared to the consensus estimate of $387.33 million. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts forecast that Camden Property Trust will post 6.72 EPS for the current fiscal year.
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 58,634 apartment homes across the United States.
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