Scotiabank Cuts Camden Property Trust (NYSE:CPT) Price Target to $102.00

Camden Property Trust (NYSE:CPT) had its target price lowered by Scotiabank from $109.00 to $102.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a sector underperform rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on the stock. Mizuho decreased their target price on shares of Camden Property Trust from $125.00 to $116.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $114.00 price objective on shares of Camden Property Trust in a research note on Monday, July 20th. Evercore set a $114.00 price objective on Camden Property Trust in a report on Friday, August 7th. UBS Group reissued a “neutral” rating and issued a $105.00 target price (down from $106.00) on shares of Camden Property Trust in a research note on Tuesday. Finally, Weiss Ratings upgraded Camden Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $115.62.

Camden Property Trust Trading Down 1.7%

NYSE CPT opened at $99.19 on Thursday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.25. The stock’s 50-day simple moving average is $108.69 and its two-hundred day simple moving average is $107.09. Camden Property Trust has a twelve month low of $96.53 and a twelve month high of $119.81. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 7.02 and a beta of 0.77.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.49). Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The firm had revenue of $396.07 million for the quarter, compared to analysts’ expectations of $392.88 million. During the same period in the prior year, the business posted $1.70 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. Research analysts forecast that Camden Property Trust will post 6.75 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is 140.40%.

Hedge Funds Weigh In On Camden Property Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP increased its holdings in Camden Property Trust by 30.7% during the 2nd quarter. Engineers Gate Manager LP now owns 14,519 shares of the real estate investment trust’s stock valued at $1,662,000 after purchasing an additional 3,414 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Camden Property Trust in the 2nd quarter worth approximately $55,000. Squarepoint Ops LLC grew its position in shares of Camden Property Trust by 3,804.2% in the 2nd quarter. Squarepoint Ops LLC now owns 107,327 shares of the real estate investment trust’s stock worth $12,288,000 after buying an additional 104,578 shares during the last quarter. CORDA Investment Management LLC. increased its stake in shares of Camden Property Trust by 1.6% during the second quarter. CORDA Investment Management LLC. now owns 433,749 shares of the real estate investment trust’s stock valued at $49,660,000 after buying an additional 6,836 shares during the period. Finally, Nykredit A S purchased a new position in shares of Camden Property Trust during the second quarter valued at approximately $688,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Company Profile

Camden Property Trust (NYSE:CPT) is a real estate investment trust that owns, develops, acquires, and manages apartment communities. Its portfolio is focused primarily on multifamily housing, with properties offering a range of apartment floor plans and amenities designed for renters in urban and suburban markets.

The company serves residents across several major metropolitan areas in the U.S. Sun Belt, including markets in Texas, Colorado, Arizona, California, Georgia, North Carolina, Florida, and Tennessee.