Truist Financial Cuts Camden Property Trust (NYSE:CPT) Price Target to $108.00

Camden Property Trust (NYSE:CPT) had its target price decreased by Truist Financial from $123.00 to $108.00 in a research note published on Friday morning, Marketbeat reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

CPT has been the subject of a number of other research reports. Stifel Nicolaus set a $123.25 price objective on Camden Property Trust in a research note on Friday, July 31st. Wall Street Zen raised shares of Camden Property Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. Evercore set a $110.00 price target on shares of Camden Property Trust in a report on Monday, September 21st. JPMorgan Chase & Co. increased their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Finally, Barclays increased their price target on shares of Camden Property Trust from $122.00 to $123.00 and gave the company an “equal weight” rating in a research report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $114.35.

Camden Property Trust Stock Up 0.1%

CPT opened at $98.23 on Friday. Camden Property Trust has a 12 month low of $96.53 and a 12 month high of $119.81. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25. The business’s 50-day moving average price is $107.20 and its 200-day moving average price is $106.75. The company has a market cap of $9.88 billion, a P/E ratio of 32.53, a P/E/G ratio of 6.95 and a beta of 0.77.

Camden Property Trust (NYSE:CPT) last issued its earnings results 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 company had revenue of $396.07 million for the quarter, compared to analysts’ expectations of $392.88 million. During the same quarter in the prior year, the company earned $1.70 earnings per share. The company’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 expect that Camden Property Trust will post 6.75 EPS for the current year.

Camden Property Trust Dividend Announcement

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

Institutional Investors Weigh In On Camden Property Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Centersquare Investment Management LLC lifted its holdings in Camden Property Trust by 3.6% in the fourth quarter. Centersquare Investment Management LLC now owns 2,828,602 shares of the real estate investment trust’s stock worth $311,373,000 after buying an additional 98,130 shares during the period. Goldman Sachs Group Inc. raised its stake in Camden Property Trust by 64.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,113,896 shares of the real estate investment trust’s stock valued at $232,698,000 after buying an additional 825,769 shares during the last quarter. Maverick Capital Ltd. raised its stake in Camden Property Trust by 1.6% during the first quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust’s stock valued at $182,416,000 after buying an additional 30,076 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Camden Property Trust by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,598,671 shares of the real estate investment trust’s stock worth $156,128,000 after acquiring an additional 37,456 shares in the last quarter. Finally, Norges Bank bought a new stake in Camden Property Trust in the fourth quarter worth $154,587,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

About Camden Property Trust

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.