Wedbush Raises Earnings Estimates for Camden Property Trust

Camden Property Trust (NYSE:CPT) – Equities researchers at Wedbush lifted their FY2025 earnings per share (EPS) estimates for Camden Property Trust in a note issued to investors on Monday, February 10th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will earn $6.73 per share for the year, up from their prior estimate 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 released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%.

CPT has been the topic of a number of other reports. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Evercore ISI boosted their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday. Wells Fargo & Company cut their target price on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Scotiabank cut their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Finally, 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. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $126.03.

Camden Property Trust Trading Up 0.6 %

CPT opened at $119.11 on Thursday. Camden Property Trust has a one year low of $91.95 and a one year high of $127.69. The stock has a market capitalization of $12.71 billion, a PE ratio of 79.41, a P/E/G ratio of 4.27 and a beta of 0.94. The business’s 50 day moving average price is $115.30 and its 200 day moving average price is $119.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust Increases Dividend

The firm also recently announced 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 represents a $4.20 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio is 280.00%.

Insider Activity at Camden Property Trust

In related news, CEO Richard J. Campo sold 1,043 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $114,792.58. Following the transaction, the chief executive officer now owns 299,092 shares of the company’s stock, valued at $32,918,065.52. This represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the transaction, the director now directly owns 10,537 shares in the company, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 over the last quarter. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Camden Property Trust

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Camden Property Trust by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust’s stock valued at $2,001,737,000 after buying an additional 125,287 shares during the last quarter. State Street Corp boosted its stake in Camden Property Trust by 0.5% in the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock valued at $886,693,000 after acquiring an additional 36,528 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Camden Property Trust by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock valued at $510,674,000 after acquiring an additional 277,117 shares in the last quarter. FMR LLC boosted its stake in Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock valued at $407,324,000 after acquiring an additional 416,701 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Camden Property Trust by 17.3% in the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock valued at $344,432,000 after acquiring an additional 438,685 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

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 58,250 apartment homes across the United States.