Wedbush Has Bullish Estimate for CPT FY2025 Earnings

Camden Property Trust (NYSE:CPT) – Equities research analysts at Wedbush lifted their FY2025 earnings estimates for shares of Camden Property Trust in a research report issued to clients and investors on Monday, February 10th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings per share of $6.73 for the year, up from their prior forecast of $6.70. The consensus estimate for Camden Property Trust’s current full-year earnings is $6.80 per share.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.32%.

A number of other research analysts have also weighed in on CPT. Barclays cut their target price on shares of Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Royal Bank of Canada boosted their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research report on Monday. Scotiabank reduced their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Mizuho cut their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Finally, Stifel Nicolaus raised their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and an average target price of $126.03.

Camden Property Trust Stock Down 1.1 %

CPT opened at $118.46 on Thursday. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The firm has a 50-day simple moving average of $115.30 and a two-hundred day simple moving average of $119.08. The company has a market capitalization of $12.64 billion, a PE ratio of 78.97, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94.

Institutional Investors Weigh In On Camden Property Trust

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in shares of Camden Property Trust by 20.4% in the 3rd quarter. CWM LLC now owns 2,541 shares of the real estate investment trust’s stock valued at $314,000 after buying an additional 430 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Camden Property Trust by 1,538.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,065 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 1,000 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Camden Property Trust by 37.3% in the third quarter. Exchange Traded Concepts LLC now owns 1,938 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 526 shares in the last quarter. Creative Planning grew its holdings in Camden Property Trust by 5.3% in the third quarter. Creative Planning now owns 9,012 shares of the real estate investment trust’s stock worth $1,113,000 after purchasing an additional 453 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Camden Property Trust during the third quarter worth $372,000. Institutional investors own 97.22% of the company’s stock.

Insider Activity at Camden Property Trust

In related news, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the transaction, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at $14,226,167. This trade represents a 9.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,413 shares of company stock worth $2,895,718 over the last three months. 1.80% of the stock is owned by corporate insiders.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $1.05 dividend. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s payout ratio is presently 274.67%.

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.