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) has received mixed analyst ratings over the past three months, with 4 bullish, 1 somewhat bullish, 2 indifferent, and 2 somewhat bearish ratings. The average 12-month price target is now $99.78, down from $111.50, with a high estimate of $122.00 and a low of $80.00. Analysts from firms like Mizuho, BMO Capital, Morgan Stanley, and others have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Camden Prop Trust is a REIT with a strong market presence, above-average revenue growth, but below-average profitability and return metrics. Its debt-to-equity ratio is below the industry average, indicating a healthier balance sheet.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 5:00 pm

Mizuho analyst Vikram Malhorta has reaffirmed a Buy rating on Camden Property Trust (NYSE:CPT) and increased the price target from $95 to $103.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 3:51 pm

BMO Capital analyst John Kim downgraded Camden Prop Trust (NYSE:CPT) from Outperform to Market Perform and set a price target of $100.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:37 pm

Morgan Stanley analyst Adam Kramer has initiated coverage on Camden Prop Trust (NYSE:CPT) with an Equal-Weight rating and set a price target of $95.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 11:38 am

Camden Prop Trust (NYSE:CPT) received 9 analyst ratings in the last quarter with an average 12-month price target of $105.44, a decrease of 10.5% from the previous target of $117.81. Ratings include 4 bullish, 3 somewhat bullish, and 2 somewhat bearish. The high price target is $138.00 and the low is $80.00.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 2:00 pm

Mizuho analyst Haendel St. Juste has maintained a Buy rating on Camden Property Trust (NYSE:CPT) but has reduced the price target from $101 to $95.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:09 pm

Wedbush analyst Richard Anderson has revised the price targets for Mid-America Apartment Communities Inc (MAA) and Camden Property Trust (CPT), citing competitive pressures and pricing challenges in the multifamily REIT sector. The price target for CPT was reduced to $98 from $105, maintaining an Outperform rating, while MAA's target was lowered to $128 from $137 with a Neutral rating. Anderson notes that concessions by private owners could affect REIT-owned community pricing. Despite supply concerns, demand from college-educated residents could provide some offset. Anderson suggests capital may flow into Sunbelt multifamily properties, viewing the supply issue as temporary. FY24 estimates for same-store NOI growth were cut to slightly negative, and FY24 AFFO estimates were also reduced for both CPT and MAA.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 6:23 pm

Truist Securities analyst Michael Lewis has maintained a Buy rating on Camden Property Trust (NYSE:CPT) but has reduced the price target from $132 to $122.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 5:34 pm

Over the last quarter, Camden Prop Trust (NYSE:CPT) received 10 analyst ratings: 2 bullish, 3 somewhat bullish, 2 indifferent, 3 somewhat bearish, and 0 bearish. The average price target is $109.0, representing an upside from the current price of $87.57. This is an 8.53% decrease from the previous average price target of $119.17. Analysts rate stocks typically once per quarter, and these ratings can provide guidance but are subjective opinions.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 7:00 pm

Stifel analyst Simon Yarmak has maintained a Buy rating on Camden Property Trust (NYSE:CPT) but has reduced the price target from $111.5 to $110.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 6:52 pm

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