Camden Property Trust (NYSE:CPT) Raised to “Neutral” at JPMorgan Chase & Co.

Camden Property Trust (NYSE:CPT) was upgraded by equities research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Thursday,Benzinga reports. The brokerage presently has a $116.00 price target on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 7.70% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $105.00 target price on shares of Camden Property Trust in a research report on Monday, November 10th. Piper Sandler cut their price target on shares of Camden Property Trust from $117.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Evercore ISI decreased their price objective on shares of Camden Property Trust from $115.00 to $108.00 and set an “in-line” rating for the company in a report on Monday, November 3rd. Royal Bank Of Canada dropped their target price on shares of Camden Property Trust from $111.00 to $110.00 and set a “sector perform” rating for the company in a research report on Monday, November 10th. Finally, UBS Group cut their target price on shares of Camden Property Trust from $114.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $116.81.

Camden Property Trust Price Performance

CPT opened at $107.71 on Thursday. Camden Property Trust has a twelve month low of $97.17 and a twelve month high of $126.55. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 3.50 and a beta of 0.82. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.81. The company has a fifty day simple moving average of $103.18 and a 200 day simple moving average of $108.24.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.02. Camden Property Trust had a net margin of 17.15% and a return on equity of 5.75%. The company had revenue of $398.24 million during the quarter, compared to analysts’ expectations of $397.89 million. During the same period in the prior year, the company posted $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 and its FY 2025 guidance at 6.830-6.87 EPS. Equities research analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Camden Property Trust

Hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in Camden Property Trust during the 2nd quarter worth about $160,217,000. Viking Global Investors LP increased its position in shares of Camden Property Trust by 41.6% in the third quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock worth $410,755,000 after acquiring an additional 1,130,718 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Camden Property Trust by 1,669.3% during the first quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust’s stock valued at $131,880,000 after acquiring an additional 1,017,388 shares during the period. Long Pond Capital LP raised its holdings in shares of Camden Property Trust by 209.6% during the second quarter. Long Pond Capital LP now owns 1,022,742 shares of the real estate investment trust’s stock valued at $115,253,000 after acquiring an additional 692,412 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Camden Property Trust by 34.5% in the 2nd quarter. Invesco Ltd. now owns 2,375,058 shares of the real estate investment trust’s stock valued at $267,645,000 after acquiring an additional 609,697 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

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.