Camden Property Trust (NYSE:CPT) Price Target Lowered to $123.00 at Morgan Stanley

Camden Property Trust (NYSE:CPT) had its price target decreased by Morgan Stanley from $124.00 to $123.00 in a research note released on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on CPT. The Goldman Sachs Group downgraded Camden Property Trust from a “neutral” rating to a “sell” rating and lowered their price target for the company from $118.00 to $106.00 in a research report on Wednesday, September 17th. Wells Fargo & Company reduced their target price on Camden Property Trust from $112.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, October 13th. Royal Bank Of Canada reduced their price target on shares of Camden Property Trust from $111.00 to $110.00 and set a “sector perform” rating for the company in a report on Monday. Scotiabank lowered their price target on Camden Property Trust from $126.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 4th. Finally, Evercore ISI decreased their price target on shares of Camden Property Trust from $115.00 to $108.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $119.04.

Camden Property Trust Stock Up 0.8%

Shares of NYSE CPT traded up $0.85 on Thursday, hitting $102.61. The company had a trading volume of 1,363,769 shares, compared to its average volume of 1,008,245. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. Camden Property Trust has a 12-month low of $97.17 and a 12-month high of $127.65. The business has a 50 day moving average of $104.33 and a two-hundred day moving average of $110.26. The firm has a market capitalization of $10.92 billion, a P/E ratio of 71.75, a PEG ratio of 3.31 and a beta of 0.81.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.02. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The business had revenue of $398.24 million for the quarter, compared to analysts’ expectations of $397.89 million. During the same period in the prior year, the firm earned $1.71 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS. FY 2025 guidance at 6.830-6.87 EPS. As a group, equities research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.20 annualized dividend and a yield of 4.1%. Camden Property Trust’s dividend payout ratio is presently 170.04%.

Institutional Trading of Camden Property Trust

A number of hedge funds have recently modified their holdings of the business. State Street Corp increased its position in shares of Camden Property Trust by 2.0% during the second quarter. State Street Corp now owns 7,452,448 shares of the real estate investment trust’s stock worth $847,524,000 after acquiring an additional 147,684 shares during the period. Viking Global Investors LP lifted its stake in Camden Property Trust by 41.6% in the 3rd quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock valued at $410,755,000 after buying an additional 1,130,718 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Camden Property Trust by 1.8% in the second quarter. Geode Capital Management LLC now owns 2,961,433 shares of the real estate investment trust’s stock valued at $332,432,000 after purchasing an additional 51,357 shares in the last quarter. Centersquare Investment Management LLC grew its position in Camden Property Trust by 1.4% in the third quarter. Centersquare Investment Management LLC now owns 2,730,472 shares of the real estate investment trust’s stock worth $291,560,000 after acquiring an additional 38,897 shares during the period. Finally, Invesco Ltd. lifted its stake in Camden Property Trust by 5.0% during the third quarter. Invesco Ltd. now owns 2,494,459 shares of the real estate investment trust’s stock worth $266,358,000 after purchasing an additional 119,401 shares in the last quarter. 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.