Brokers Set Expectations for Camden Property Trust’s Q3 2024 Earnings (NYSE:CPT)

Camden Property Trust (NYSE:CPT) – Research analysts at Wedbush reduced their Q3 2024 EPS estimates for Camden Property Trust in a report issued on Monday, May 6th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will earn $1.69 per share for the quarter, down from their prior estimate of $1.71. Wedbush currently has a “Outperform” rating and a $118.00 target price on the stock. The consensus estimate for Camden Property Trust’s current full-year earnings is $6.72 per share. Wedbush also issued estimates for Camden Property Trust’s FY2025 earnings at $6.90 EPS.

CPT has been the topic of a number of other research reports. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday. Morgan Stanley boosted their price objective on Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. The Goldman Sachs Group started coverage on Camden Property Trust in a research report on Thursday, February 22nd. They issued a “buy” rating and a $112.00 target price for the company. Truist Financial boosted their price target on Camden Property Trust from $113.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Finally, Piper Sandler raised Camden Property Trust from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $90.00 to $110.00 in a research note on Monday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $107.06.

Camden Property Trust Price Performance

CPT stock opened at $104.18 on Tuesday. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 3.94 and a beta of 0.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.88. The company has a 50 day simple moving average of $98.62 and a 200 day simple moving average of $95.55. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $114.04.

Institutional Trading of Camden Property Trust

A number of institutional investors have recently bought and sold shares of CPT. Norges Bank acquired a new position in shares of Camden Property Trust in the 4th quarter valued at about $376,933,000. Centersquare Investment Management LLC lifted its stake in Camden Property Trust by 2,517.6% in the fourth quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock valued at $138,841,000 after buying an additional 1,344,923 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Camden Property Trust by 41.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after buying an additional 1,187,974 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Camden Property Trust by 111.4% during the 4th quarter. BNP Paribas Financial Markets now owns 573,956 shares of the real estate investment trust’s stock worth $56,988,000 after buying an additional 302,439 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Camden Property Trust by 23.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,465,159 shares of the real estate investment trust’s stock valued at $145,478,000 after acquiring an additional 277,634 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

About Camden Property Trust

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.