Camden Property Trust (NYSE:CPT) Stock Price Target Lowered at Piper Sandler

Camden Property Trust (NYSE:CPT) had its target price trimmed by Piper Sandler from $119.00 to $102.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

A number of other analysts have also recently commented on the company. Jefferies Financial Group upgraded Camden Property Trust to a “hold” rating in a research report on Wednesday, July 22nd. Scotiabank reduced their target price on shares of Camden Property Trust from $109.00 to $102.00 and set a “sector underperform” rating on the stock in a report on Thursday, September 17th. Mizuho reduced their target price on shares of Camden Property Trust from $125.00 to $116.00 and set an “outperform” rating on the stock in a report on Tuesday, September 8th. Morgan Stanley decreased their price target on shares of 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. Finally, Wells Fargo & Company lowered their price target on shares of Camden Property Trust from $113.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $113.22.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $97.48 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a fifty day moving average of $103.72 and a two-hundred day moving average of $106.51. The company has a market capitalization of $9.80 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 7.26 and a beta of 0.79. Camden Property Trust has a fifty-two week low of $95.30 and a fifty-two week high of $119.81.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.49). Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%. The company had revenue of $396.07 million during the quarter, compared to analyst estimates of $392.88 million. During the same period last year, the firm earned $1.70 earnings per share. The business’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, analysts anticipate that Camden Property Trust will post 6.75 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

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

Institutional Investors Weigh In On Camden Property Trust

Several hedge funds have recently made changes to their positions in CPT. Squarepoint Ops LLC grew its holdings in Camden Property Trust by 3,804.2% in the 2nd quarter. Squarepoint Ops LLC now owns 107,327 shares of the real estate investment trust’s stock valued at $12,288,000 after buying an additional 104,578 shares during the period. CORDA Investment Management LLC. increased its stake in shares of Camden Property Trust by 90.8% during 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 acquiring an additional 203,131 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Camden Property Trust by 100.2% during the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock worth $117,861,000 after acquiring an additional 603,997 shares during the period. Corient Private Wealth LP lifted its holdings in shares of Camden Property Trust by 38.2% during the 2nd quarter. Corient Private Wealth LP now owns 120,014 shares of the real estate investment trust’s stock worth $13,740,000 after acquiring an additional 33,175 shares during the period. Finally, Empyrean Capital Partners LP purchased a new position in shares of Camden Property Trust during the 1st quarter worth about $9,180,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

About Camden Property Trust

Camden Property Trust (NYSE:CPT) is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides residential rental housing and related property-management services, with properties designed to serve a range of residents in major metropolitan areas.

Camden focuses primarily on high-growth markets in the Sun Belt, including communities in Texas, Florida, Georgia, North Carolina, Colorado, Arizona, Nevada, and Tennessee.