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

119.73

Mkt cap

13B

Volume

864K

High

120.85

P/E Ratio

38.76

52-wk high

127.69

Low

118.79

Div yield

0.03

52-wk low

86.50

Camden Prop Trust (NYSE:CPT) reported Q2 earnings of $1.67 per share, a 1.83% increase YoY. The company also reported quarterly sales of $385.50 million, beating the analyst consensus estimate of $383.52 million by 0.52% and marking a 6.58% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:29 pm

BMO Capital Markets analyst John P. Kim upgraded Camden Property Trust (NYSE:CPT) to Outperform from Market Perform and increased the price target to $126 from $125. Kim expects CPT to 'mean-revert' in the near term due to its underperformance compared to peers. He is bullish on CPT's strong balance sheet and anticipates better FFO per share growth in 2024. Kim also expects a guidance raise due to a stronger employment background and lower-than-expected supply-related pressures.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 5:54 pm

Camden Prop Trust (NYSE:CPT) has received mixed analyst ratings in the last quarter, with 3 bullish, 3 somewhat bullish, and 3 indifferent ratings. The average 12-month price target for the company, according to 9 analysts, is $127.22, a decrease of 3.72% from the previous average of $132.14.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:03 pm

BMO Capital analyst John Kim has upgraded Camden Prop Trust (NYSE:CPT) from Market Perform to Outperform and raised the price target from $125 to $126.

Portfolio Pulse from richadhand@benzinga.com

July 18, 2023 | 10:51 am

Citigroup analyst Nick Joseph has reiterated a Neutral rating on Camden Prop Trust (NYSE:CPT) and maintained a price target of $130.

Portfolio Pulse from richadhand@benzinga.com

July 06, 2023 | 12:34 pm

Barclays analyst Anthony Powell maintains an Overweight rating on Camden Prop Trust (NYSE:CPT) and lowers the price target from $145 to $137.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 9:38 am

Truist Securities analyst Michael Lewis maintains a Buy rating on Camden Prop Trust (NYSE:CPT) and lowers the price target from $131 to $127.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 1:55 pm

In the last quarter, Camden Prop Trust (NYSE:CPT) received 3 bullish, 1 somewhat bullish, 4 indifferent, and 1 somewhat bearish analyst ratings. The average 12-month price target is $121.78, down 7.24% from the previous average of $131.29.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 5:05 pm

Mizuho analyst Haendel St. Juste maintains a Buy rating on Camden Prop Trust (NYSE:CPT) and lowers the price target from $132 to $120.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 11:12 am

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