Wedbush Comments on Camden Property Trust’s Q3 2024 Earnings (NYSE:CPT)

Camden Property Trust (NYSE:CPT) – Stock analysts at Wedbush reduced their Q3 2024 EPS estimates for shares of Camden Property Trust in a research note issued to investors on Monday, May 6th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $1.69 per share for the quarter, down from their previous forecast of $1.71. Wedbush has a “Outperform” rating and a $118.00 price objective 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.

Several other research analysts have also recently weighed in on CPT. Barclays cut Camden Property Trust from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $138.00 to $100.00 in a report on Tuesday, February 20th. Royal Bank of Canada raised their target price on Camden Property Trust from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Morgan Stanley boosted their target price on shares of Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Finally, Piper Sandler upgraded shares of Camden Property Trust from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $90.00 to $110.00 in a report on Monday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $107.06.

Camden Property Trust Stock Performance

CPT opened at $105.98 on Tuesday. The firm has a market capitalization of $11.54 billion, a PE ratio of 25.98, a PEG ratio of 3.94 and a beta of 0.82. The company has a current ratio of 0.43, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $114.04. The firm’s 50-day moving average price is $98.16 and its 200 day moving average price is $95.40.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors have recently added to or reduced their stakes in CPT. Commonwealth Equity Services LLC increased its stake in Camden Property Trust by 18.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,311 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 366 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Camden Property Trust by 5.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,952 shares of the real estate investment trust’s stock worth $752,000 after buying an additional 418 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Camden Property Trust by 3,054.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 28,232 shares of the real estate investment trust’s stock valued at $2,670,000 after acquiring an additional 27,337 shares in the last quarter. Raymond James & Associates raised its position in Camden Property Trust by 9.0% during the third quarter. Raymond James & Associates now owns 87,545 shares of the real estate investment trust’s stock worth $8,280,000 after acquiring an additional 7,199 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Camden Property Trust by 32.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,646 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 654 shares in 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 58,634 apartment homes across the United States.