Camden Property Trust (NYSE:CPT) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Camden Property Trust (NYSE:CPT) from a strong sell rating to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

CPT has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $114.00 price objective on shares of Camden Property Trust in a report on Monday, July 20th. Barclays lifted their target price on Camden Property Trust from $122.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Morgan Stanley lowered their price target on Camden Property Trust from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings upgraded Camden Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $105.00 price target (down from $106.00) on shares of Camden Property Trust in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and an average price target of $115.62.

Camden Property Trust Stock Down 1.7%

Shares of CPT stock opened at $99.19 on Friday. Camden Property Trust has a 12 month low of $96.53 and a 12 month high of $119.81. The firm has a market cap of $9.97 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 7.02 and a beta of 0.77. The stock has a 50 day moving average of $108.69 and a 200-day moving average of $107.09. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.25.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.49). Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The business had revenue of $396.07 million during the quarter, compared to the consensus estimate of $392.88 million. During the same period in the prior year, the company posted $1.70 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. On average, equities analysts predict that Camden Property Trust will post 6.75 EPS for the current year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be given a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Camden Property Trust’s dividend payout ratio is 140.40%.

Institutional Investors Weigh In On Camden Property Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Camden Property Trust in the 4th quarter valued at approximately $154,587,000. Goldman Sachs Group Inc. lifted its position in shares of Camden Property Trust by 64.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,113,896 shares of the real estate investment trust’s stock worth $232,698,000 after buying an additional 825,769 shares during the period. Jennison Associates LLC boosted its stake in Camden Property Trust by 100.2% in the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock valued at $117,861,000 after buying an additional 603,997 shares in the last quarter. CORDA Investment Management LLC. boosted its stake in Camden Property Trust by 90.8% in the 1st quarter. CORDA Investment Management LLC. now owns 426,913 shares of the real estate investment trust’s stock valued at $41,692,000 after buying an additional 203,131 shares in the last quarter. Finally, Nixon Capital LLC acquired a new stake in Camden Property Trust in the 4th quarter valued at $19,748,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Company Profile

Camden Property Trust (NYSE:CPT) is a real estate investment trust that owns, develops, acquires, and manages apartment communities. Its portfolio is focused primarily on multifamily housing, with properties offering a range of apartment floor plans and amenities designed for renters in urban and suburban markets.

The company serves residents across several major metropolitan areas in the U.S. Sun Belt, including markets in Texas, Colorado, Arizona, California, Georgia, North Carolina, Florida, and Tennessee.