Camden Property Trust
About: Camden Property Trust is a real estate investment trust primarily engaged in the acquisition, management, and development of multifamily apartment communities across the United States. The company's real estate portfolio consists primarily of apartment properties throughout the Sun Belt. Houston, Dallas, Las Vegas, and Atlanta represent some of Camden's largest housing markets in terms of apartment units. The firm derives nearly all of its revenue from the leasing of properties to tenants through short-term agreements. Camden Property derives the majority of its revenue from the Washington D.C., Los Angeles, Houston, Atlanta, and southeastern Florida areas.
Employees: 1,640
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
102% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 49
25% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]
10% more funds holding
Funds holding: 525 [Q2] → 575 (+50) [Q3]
8% more capital invested
Capital invested by funds: $11.3B [Q2] → $12.2B (+$912M) [Q3]
2% more repeat investments, than reductions
Existing positions increased: 199 | Existing positions reduced: 196
4.52% less ownership
Funds ownership: 97.53% [Q2] → 93.01% (-4.52%) [Q3]
47% less call options, than puts
Call options by funds: $6.73M | Put options by funds: $12.8M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$121
5%
upside
Avg. target
$128
11%
upside
High target
$138
20%
upside
6 analyst ratings
1 positive
17%
4 neutral
67%
1 negative
17%
Barclays Anthony Powell 48% 1-year accuracy 14 / 29 met price target | 20%upside $138 | Overweight Initiated | 17 Dec 2024 |
JP Morgan Anthony Paolone 39% 1-year accuracy 7 / 18 met price target | 11%upside $128 | Underweight Downgraded | 17 Dec 2024 |
Scotiabank Nicholas Yulico 43% 1-year accuracy 15 / 35 met price target | 13%upside $130 | Sector Perform Maintained | 14 Nov 2024 |
Stifel Simon Yarmak 47% 1-year accuracy 16 / 34 met price target | 5%upside $121 | Hold Downgraded | 13 Nov 2024 |
RBC Capital Brad Heffern 47% 1-year accuracy 18 / 38 met price target | 11%upside $127 | Sector Perform Maintained | 4 Nov 2024 |
Financial journalist opinion
Based on 3 articles about CPT published over the past 30 days
Neutral
Business Wire
2 weeks ago
Camden Property Trust Announces Fourth Quarter 2024 Dividend
HOUSTON--(BUSINESS WIRE)--The Board of Trust Managers of Camden Property Trust (NYSE:CPT) (the “Company”) declared a fourth quarter cash dividend of $1.03 per share to holders of record as of December 18, 2024 of its Common Shares of Beneficial Interest. The dividend is to be paid on January 17, 2025. 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 apa.
Positive
Seeking Alpha
2 weeks ago
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
Positive
Seeking Alpha
3 weeks ago
REITs: Key Demographic Trends Driving Opportunity
Understanding long-term demographic trends is crucial for real estate investments, with population growth and density significantly impacting property values. The aging U.S. population will drive demand for healthcare and medical office REITs, which offer better value than senior housing REITs. Investing in medium-density areas like Florida, Texas, and Denver can yield long-term gains as these regions experience population and income growth.
Neutral
Seeking Alpha
1 month ago
Why REITs Will Pummel Stocks In 2025
REITs have strongly outperformed the S&P 500 in the recent past. I expect this strong outperformance to continue. There are two reasons for this.
Positive
Seeking Alpha
1 month ago
3 Reasons I Just Invested In Camden Property Trust
The market is experiencing volatility due to rising ten-year treasury yields and election uncertainties, impacting sectors like REITs, especially net lease and multifamily REITs. CPT is a leading multifamily REIT with a strong portfolio and a conservative capital structure. Multifamily market fundamentals are improving with strong demand, rent growth, and reduced new construction, benefiting CPT despite recent stock price declines.
Negative
Seeking Alpha
1 month ago
Pivotal Decisions
Ahead of a pivotal week of consequential decisions, U.S. equity markets posted a second-straight week of declines as investors parsed a relatively disappointing slate of employment and inflation data. The pivotal Nonfarm Payrolls report showed that the U.S. economy added just 12k jobs in October - the weakest month since 2020 - with notably weaker trends under the surface. Private employment declined by 28k during the month, fueled by the largest plunge in manufacturing employment since the pandemic shutdown, alongside job declines in retail, transportation, and hospitality.
Neutral
Seeking Alpha
1 month ago
Camden Property Trust (CPT) Q3 2024 Earnings Call Transcript
Camden Property Trust (NYSE:CPT ) Q3 2024 Earnings Call November 1, 2024 11:00 AM ET Company Participants Kim Callahan - Senior Vice President, Investor Relations Ric Campo - Chairman and Chief Executive Officer Keith Oden - Executive Vice Chairman Alex Jessett - President and Chief Financial Officer Conference Call Participants Eric Wolfe - Citi Alexander Goldfarb - Piper Sandler Austin Wurschmidt - KeyBanc Capital Markets Brad Heffern - RBC Capital Markets Steve Sakwa - Evercore Rich Anderson - Wedbush Haendel St. Juste - Mizuho Jamie Feldman - Wells Fargo John Kim - BMO Capital Markets Ami Probandt - UBS Julien Blouin - Goldman Sachs Michael Lewis - Truist Securities Adam Kramer - Morgan Stanley Wes Golladay - Baird Linda Tsai - Jefferies David Guarino - Green Street Alex Kim - Zelman & Associates Kim Callahan Good morning, and welcome to Camden Property Trust Third Quarter 2024 Earnings Conference Call. I'm Kim Callahan, Senior Vice President of Investor Relations.
Positive
Zacks Investment Research
1 month ago
Camden (CPT) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Camden (CPT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
Camden (CPT) Tops Q3 FFO Estimates
Camden (CPT) came out with quarterly funds from operations (FFO) of $1.71 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to FFO of $1.73 per share a year ago.
Neutral
Business Wire
1 month ago
Camden Property Trust Announces Third Quarter 2024 Operating Results
HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three and nine months ended September 30, 2024. Net Income Attributable to Common Shareholders (“EPS”), Funds from Operations (“FFO”), Core Funds from Operations ("Core FFO"), and Core Adjusted Funds from Operations (“Core AFFO”) for the three and nine months ended September 30, 2024 are detailed below. A reconciliation of EPS to FFO, Core FFO, and Core AFFO is included in the fi.
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