Camden Property Trust to Post Q3 2024 Earnings of $1.69 Per Share, Wedbush Forecasts (NYSE:CPT)

Camden Property Trust (NYSE:CPT) – Stock analysts at Wedbush decreased their Q3 2024 earnings estimates for shares of Camden Property Trust in a research report issued to clients and investors on Monday, May 6th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will earn $1.69 per share for the quarter, down from their previous estimate of $1.71. Wedbush currently has a “Outperform” rating and a $118.00 price target on the stock. The consensus estimate for Camden Property Trust’s current full-year earnings is $6.72 per share. Wedbush also issued estimates for Camden Property Trust’s FY2025 earnings at $6.90 EPS.

Several other research firms have also recently weighed in on CPT. Royal Bank of Canada increased their price objective on Camden Property Trust from $107.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday. Mizuho lifted their price target on shares of Camden Property Trust from $99.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday. Barclays lowered shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $138.00 to $100.00 in a report on Tuesday, February 20th. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Camden Property Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $90.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $107.06.

Camden Property Trust Stock Up 0.0 %

Camden Property Trust stock opened at $105.99 on Tuesday. The firm has a market cap of $11.54 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 3.94 and a beta of 0.82. The firm has a fifty day moving average price of $98.42 and a two-hundred day moving average price of $95.49. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.88.

Hedge Funds Weigh In On Camden Property Trust

Large investors have recently modified their holdings of the stock. Lindbrook Capital LLC raised its position in Camden Property Trust by 90.4% in the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 132 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Camden Property Trust by 60.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 144 shares during the period. Tobam raised its position in shares of Camden Property Trust by 4,166.7% during the fourth quarter. Tobam now owns 384 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 375 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Camden Property Trust by 23.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 119 shares during the period. Finally, Quarry LP boosted its holdings in Camden Property Trust by 1,081.5% in the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 584 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

About Camden Property Trust

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 58,634 apartment homes across the United States.