Wedbush Has Bullish Forecast for CPT FY2024 Earnings

Camden Property Trust (NYSE:CPT) – Wedbush upped their FY2024 EPS estimates for shares of Camden Property Trust in a research note issued to investors on Wednesday, November 6th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings per share of $6.82 for the year, up from their previous estimate of $6.73. Wedbush currently has a “Outperform” rating and a $131.00 price target on the stock. The consensus estimate for Camden Property Trust’s current full-year earnings is $6.80 per share. Wedbush also issued estimates for Camden Property Trust’s FY2025 earnings at $6.82 EPS.

Several other analysts also recently weighed in on the company. The Goldman Sachs Group started coverage on Camden Property Trust in a research report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price objective for the company. Jefferies Financial Group started coverage on shares of Camden Property Trust in a report on Friday, October 11th. They set a “hold” rating and a $123.00 price target on the stock. Royal Bank of Canada dropped their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Evercore ISI upped their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $122.03.

Camden Property Trust Stock Up 2.7 %

NYSE CPT opened at $121.74 on Friday. The business has a fifty day moving average price of $121.45 and a two-hundred day moving average price of $114.12. The stock has a market capitalization of $12.99 billion, a PE ratio of 38.53, a PEG ratio of 4.39 and a beta of 0.91. Camden Property Trust has a fifty-two week low of $85.30 and a fifty-two week high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.37.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.38%. Camden Property Trust’s payout ratio is currently 130.38%.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors have recently added to or reduced their stakes in the business. Kings Path Partners LLC acquired a new position in shares of Camden Property Trust during the 2nd quarter valued at $33,000. Federated Hermes Inc. acquired a new position in shares of Camden Property Trust during the second quarter valued at about $33,000. Family Firm Inc. bought a new position in shares of Camden Property Trust during the 2nd quarter worth about $39,000. Versant Capital Management Inc grew its stake in shares of Camden Property Trust by 2,187.5% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 350 shares during the period. Finally, American Capital Advisory LLC increased its position in Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 128 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

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.