Streetbeat News

CPT

Camden Property Trust

https://www.camdenliving.com

Industry

REIT - Residential

Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States. Upon completion of 7 properties currently under development, the Company's portfolio will increase to 59,104 apartment homes in 174 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 13 consecutive years, most recently ranking #18. The Company also received a Glassdoor Employees' Choice Award in 2020, ranking #25 for large U.S. companies.

Open

120.58

Mkt cap

13B

Volume

334K

High

120.96

P/E Ratio

37.91

52-wk high

127.69

Low

119.52

Div yield

0.03

52-wk low

90.50

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Portfolio Pulse from

November 14, 2024 | 2:00 pm

Camden Property Trust (CPT), a leading multifamily REIT, is poised to benefit from improving market fundamentals such as strong demand, rent growth, and reduced new construction, despite recent stock price declines due to market volatility.

Portfolio Pulse from

November 06, 2024 | 7:30 am

Camden Property Trust has updated its financial outlook for 2024, lowering its EPS forecast from $1.88 to $1.48, slightly reducing its FFO outlook from $6.72 to $6.69, and raising its Core FFO outlook from $6.79 to $6.81.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:13 am

Camden Property Trust reported Q3 2024 earnings per share of $0.33, missing the analyst estimate of $0.37. Sales were $387.20 million, slightly below the $389.39 million estimate and down 0.92% from last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:20 pm

Camden Property Trust reported minor damage from Hurricanes Helene and Milton. The company will provide updates if there are any material changes.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 8:17 pm

Jefferies has initiated coverage on Camden Property Trust (NYSE:CPT) with a Hold rating and set a price target of $123.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:00 pm

Camden Property Trust (NYSE:CPT) has received mixed analyst ratings over the past three months, with a majority being indifferent. Recent price targets show an upward trend, with an average target of $124.47, reflecting an 11.19% increase from the previous average. Camden's financials show strong net margins and ROE, but revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 12:00 pm

Camden Prop Trust (NYSE:CPT) has seen a 6.59% decrease in its short percent of float, now at 2.41%. This is lower than its peers' average of 4.64%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 8:00 pm

Scotiabank analyst Nicholas Yulico maintains a Sector Perform rating on Camden Property Trust (NYSE:CPT) and raises the price target from $125 to $132.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 5:59 pm

Evercore ISI Group has maintained an 'In-Line' rating for Camden Property Trust (NYSE:CPT) and raised its price target from $116 to $118.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:05 pm

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