Analysts have had mixed feelings about Camden Property Trust (NYSE:CPT) in the last quarter, with opinions ranging from bullish to bearish. Over the past month, there have been no bullish ratings, one somewhat bullish, and no indifferent or bearish ratings. Looking back further, there were 2 bullish, 2 indifferent, and no bearish ratings.
The average 12-month price target for CPT stands at $105.22, with a high estimate of $121.00 and a low estimate of $98.00. Recent analyst actions have included adjustments to ratings and price targets by Baird, Mizuho, Morgan Stanley, Goldman Sachs, Barclays, RBC Capital, and Truist Securities.
Tipranks data shows that in the last 3 months, CPT has received 14 Buy Ratings, 8 Hold Ratings, and 4 Sell Ratings, with an average analyst price target of $102.29. The consensus rating for Camden Property is a Moderate Buy, based on 7 buy ratings, 6 hold ratings, and 2 sell ratings.
MarketBeat reports a consensus rating score of 2.18 out of 4 for Camden Property Trust, with analysts predicting a potential upside of 11.06% for CPT based on their 12-month forecasts. Analysts are optimistic about the growth in sales and earnings for CPT in the coming quarters and years.
CPT Stock Sees Slight Dip in Performance on March 12, 2024: What Investors Need to Know
On March 12, 2024, investors saw a slight dip in the performance of CPT stock. According to data from CNN Money, CPT is currently trading in the middle of its 52-week range and near its 200-day simple moving average. This indicates that the stock has been relatively stable over the past year.
The price of CPT shares decreased by $0.94 since the market last closed, representing a 0.94% drop. The stock opened at $99.92, which was $0.06 lower than its previous close. This slight decrease in price may have been influenced by a variety of factors, such as market conditions, company news, or broader economic trends.
While a small drop in stock price may cause concern for some investors, it’s important to remember that fluctuations in the market are common and can be influenced by a variety of factors. It’s always a good idea for investors to do their own research and consider their own financial goals before making any decisions about buying or selling stocks.
CPT Stock Analysis: Mixed Results for Camden Property Trust in 2024 Q4
On March 12, 2024, investors closely watched the stock performance of CPT (Camden Property Trust) as the company released its financial results for the past year and the fourth quarter. According to data from CNN Money, CPT reported total revenue of $1.54 billion for the past year, representing an 8.06% increase compared to the previous year. However, total revenue remained flat since the last quarter, standing at $388.59 million.
In terms of net income, CPT reported a figure of $402.66 million for the past year, which was a decrease of 38.3% compared to the previous year. Net income also remained flat since the last quarter, at $222.00 million. Earnings per share (EPS) for the past year were reported at $3.70, showing a decrease of 38.69% compared to the previous year. EPS also held flat since the last quarter, at $2.03.
The stock performance of CPT on March 12, 2024, reflected these financial results. Investors may have reacted cautiously to the decrease in net income and EPS, despite the increase in total revenue for the past year. The flat performance since the last quarter may have also contributed to the lack of significant movement in the stock price.
Overall, the financial results of CPT for the past year and the fourth quarter indicate a mixed performance. It will be interesting to see how CPT continues to perform in the coming quarters and how investors respond to the company’s financial results.
