Camden Property Trust (NYSE:CPT) Stock Gets Price Target Trim from Piper Sandler

Camden Property Trust (NYSE:CPT) had its target price reduced by Piper Sandler from $119.00 to $102.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently commented on CPT. Barclays boosted their price objective on shares of Camden Property Trust from $122.00 to $123.00 and gave the company an “equal weight” rating in a research report on Monday, August 17th. JPMorgan Chase & Co. upped their target price on shares of Camden Property Trust from $113.00 to $114.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Cantor Fitzgerald increased their target price on Camden Property Trust from $102.00 to $111.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Morgan Stanley lowered their target price on Camden Property Trust from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, August 12th. Finally, Stifel Nicolaus set a $123.25 price target on Camden Property Trust in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $112.08.

Camden Property Trust Stock Down 0.8%

NYSE:CPT opened at $97.26 on Monday. Camden Property Trust has a 1 year low of $95.30 and a 1 year high of $119.81. The stock has a 50-day moving average price of $103.17 and a two-hundred day moving average price of $106.51. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 7.29 and a beta of 0.79. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.49). Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The business had revenue of $396.07 million for the quarter, compared to the consensus estimate of $392.88 million. During the same quarter last year, the firm earned $1.70 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. As a group, equities analysts expect that Camden Property Trust will post 6.75 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Camden Property Trust’s dividend payout ratio is presently 140.40%.

Institutional Investors Weigh In On Camden Property Trust

Hedge funds have recently bought and sold shares of the company. Summit Securities Group LLC raised its position in shares of Camden Property Trust by 169.6% in the first quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 268 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Camden Property Trust during the 1st quarter worth about $55,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Camden Property Trust during the 2nd quarter worth about $55,000. Trust Co. of Vermont acquired a new stake in shares of Camden Property Trust during the 2nd quarter worth about $126,000. Finally, Parallel Advisors LLC lifted its stake in shares of Camden Property Trust by 25.7% during the 1st quarter. Parallel Advisors LLC now owns 1,335 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 273 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

About Camden Property Trust

Camden Property Trust (NYSE:CPT) is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides residential rental housing and related property-management services, with properties designed to serve a range of residents in major metropolitan areas.

Camden focuses primarily on high-growth markets in the Sun Belt, including communities in Texas, Florida, Georgia, North Carolina, Colorado, Arizona, Nevada, and Tennessee.