Evaluating Camden Prop Trust: Insights From 13 Financial Analysts
Analysts' ratings for Camden Prop Trust (NYSE:CPT) over the last quarter vary from bullish to bearish, as provided by 13 analysts.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 6 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 1 | 0 |
| 3M Ago | 1 | 3 | 4 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $111.12, a high estimate of $122.00, and a low estimate of $104.00. Observing a 6.76% increase, the current average has risen from the previous average price target of $104.08.
Decoding Analyst Ratings: A Detailed Look
An in-depth analysis of recent analyst actions unveils how financial experts perceive Camden Prop Trust. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Michael Goldsmith | UBS | Raises | Neutral | $117.00 | $109.00 |
| Michael Lewis | Truist Securities | Raises | Buy | $122.00 | $114.00 |
| Anthony Paolone | JP Morgan | Raises | Neutral | $112.00 | $104.00 |
| James Feldman | Wells Fargo | Raises | Underweight | $104.00 | $92.00 |
| Vikram Malhorta | Mizuho | Lowers | Buy | $108.00 | $111.00 |
| Adam Kramer | Morgan Stanley | Raises | Equal-Weight | $105.50 | $98.00 |
| Nicholas Yulico | Scotiabank | Raises | Sector Perform | $108.00 | $104.00 |
| Michael Goldsmith | UBS | Raises | Neutral | $109.00 | $105.00 |
| Richard Anderson | Wedbush | Raises | Outperform | $118.00 | $110.00 |
| Brad Heffern | RBC Capital | Raises | Outperform | $110.00 | $107.00 |
| Vikram Malhorta | Mizuho | Raises | Buy | $111.00 | $99.00 |
| Alexander Goldfarb | Piper Sandler | Raises | Neutral | $110.00 | $90.00 |
| Richard Anderson | Wedbush | Maintains | Outperform | $110.00 | $110.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Camden Prop Trust. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Camden Prop Trust compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Camden Prop Trust's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Camden Prop Trust's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Camden Prop Trust analyst ratings.
Unveiling the Story Behind Camden Prop Trust
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.
Understanding the Numbers: Camden Prop Trust's Finances
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Positive Revenue Trend: Examining Camden Prop Trust's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.32% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Camden Prop Trust's net margin is impressive, surpassing industry averages. With a net margin of 21.9%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Camden Prop Trust's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.69%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Camden Prop Trust's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.91%, the company showcases efficient use of assets and strong financial health.
Debt Management: Camden Prop Trust's debt-to-equity ratio is below the industry average at 0.72, reflecting a lower dependency on debt financing and a more conservative financial approach.
What Are Analyst Ratings?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.