Camden Property Trust (NYSE:CPT) Coverage Initiated by Analysts at Cantor Fitzgerald

Research analysts at Cantor Fitzgerald began coverage on shares of Camden Property Trust (NYSE:CPT) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm set a “neutral” rating and a $115.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 10.23% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Barclays lowered their price target on Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating on the stock in a report on Tuesday. Wells Fargo & Company dropped their target price on shares of Camden Property Trust from $120.00 to $112.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Morgan Stanley cut their target price on shares of Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 13th. Stifel Nicolaus upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 price target on the stock in a research note on Tuesday, August 26th. Finally, Wall Street Zen upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Camden Property Trust has an average rating of “Hold” and a consensus price target of $121.73.

Camden Property Trust Stock Down 1.2%

CPT opened at $104.33 on Wednesday. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 72.96, a price-to-earnings-growth ratio of 3.58 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The firm’s fifty day moving average is $108.42 and its 200 day moving average is $113.05. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.65.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The business had revenue of $396.51 million for the quarter, compared to analysts’ expectations of $393.24 million. During the same period last year, the firm earned $1.71 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. On average, sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camden Property Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Camden Property Trust during the 2nd quarter valued at approximately $160,217,000. Millennium Management LLC boosted its stake in 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 worth $131,880,000 after buying an additional 1,017,388 shares during the period. Nuveen LLC bought a new position in Camden Property Trust during the first quarter valued at $123,882,000. Long Pond Capital LP raised its stake in shares of Camden Property Trust by 209.6% in 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 holdings 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 worth $267,645,000 after acquiring an additional 609,697 shares during the last quarter. Hedge funds and other institutional investors 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.