CPT Stock Recent News

Here is how Camden (CPT) and Allstate (ALL) have performed compared to their sector so far this year.

Camden Property Trust has outperformed other multifamily REITs, achieving a total return of 23.33% over five years, driven by its Sunbelt market focus. Despite challenges in 2024 due to elevated deliveries, the REIT maintains strong liquidity and solid credit ratings, with a conservative debt maturity schedule and sustainable dividend payout. The landscape for multifamily real estate is expected to improve in 2025 and 2026, and since the shares are fairly valued, I rate the stock as a buy.

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the “Company”) announced today that its third quarter 2024 earnings will be released after the market closes on Thursday, October 31, 2024. Management will host a conference call on the following day, Friday, November 1, 2024, at 10:00 AM Central Time. Conference Call Domestic Dial-In Number: (888) 317-6003 International Dial-In Number: (412) 317-6061 Passcode: 6652140 Webcast: https://investors.camdenliving.com The Company strongly en.

Camden Property Trust will likely see a tailwind as the Federal Reserve is expected to cut rates, enhancing its attractive dividend yield. The apartment rental market is recovering from oversupply, benefiting Camden Property Trust's occupancy rates and rental growth. CPT showcases strong financial health with a reasonable valuation multiple.

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the “Company”) announced today that the Company will participate in the BofA Securities 2024 Global Real Estate Conference to be held September 10 – 12, 2024. Camden's presentation has been scheduled for Tuesday, September 10, 2024, at 12:45 PM Eastern Time. The event will be webcast live in a listen-only mode at camdenliving.com in the Investors section, and an audio archive will be available on the Company's website shortly after the.

Camden Property Trust CPT shares are trading slightly higher on Monday. BofA Securities analyst Joshua Dennerlein double upgraded the stock to Buy from Underperform and raised the price target to $147 from $111.

Apartment REITs like Camden Property Trust have seen significant recoveries since their lows, with more than 30% gains excluding dividends. Camden Property Trust is no longer considered a great investment due to valuation concerns, but still offers a 3.5%+ yield and potential upside. I recommend holding Camden Property Trust for now, with a price target of $130/share.

Camden Property Trust (NYSE:CPT ) Q2 2024 Earnings Conference Call August 2, 2022 11:00 AM ET Company Participants Kim Callahan - SVP, IR Ric Campo - Chairman & CEO Keith Oden - Executive Vice Chairman & President Alex Jessett - CFO Conference Call Participants Brad Heffern - RBC Capital Markets Austin Wurschmidt - KeyBanc Capital Markets Jamie Feldman - Wells Fargo John Kim - BMO Capital Markets Connor Mitchell - Piper Sandler Rob Stevenson - Janney Steve Sakwa - Evercore ISI Eric Wolfe - Citi Adam Kramer - Morgan Stanley Ami Probandt - UBS Rich Anderson - Wedbush David Segall - Green Street Kim Callahan Good morning, and welcome to Camden Property Trust Second Quarter 2024 Earnings Conference Call. I'm Kim Callahan, Senior Vice President of Investor Relations.

Camden Property Trust shares have outperformed the market, with Q2 results showing solid core FFO and revenue growth. Supply pressure in the apartment rental market may be abating, leading to potential improvement in rental rates, as seen by sequential improvement in July. Its strong balance sheet and higher guidance support the case for continued share price appreciation, especially with macro conditions improving and interest rates having peaked.

The headline numbers for Camden (CPT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.