Camden Property Trust

CPT · NYSE

$99.77+$1.92 (+1.96%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $97.85

CPT analyst rating

HoldConsensus of 15 analysts over the last 12 months. 27% rate it a buy.

Strong buy0
Buy4
Hold10
Underperform1
Sell0

12-month price target · 24 analysts

Average $117.80 (+18.1% upside)

Low: $103.02
Now: $99.77
High: $138.60

Upgrades and downgrades

The latest rating actions, newest first

CPT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wells Fargo	Oct 19, 2026	Maintains	Equal-Weight	$110.00 → $103.00	48%
Evercore ISI Group	Oct 19, 2026	Maintains	In-Line	$110.00 → $108.00	45%
UBS	Oct 14, 2026	Maintains	Neutral	$105.00 → $101.00	27%
Barclays	Oct 14, 2026	Maintains	Equal-Weight	$123.00 → $114.00	38%
RBC Capital	Oct 13, 2026	Maintains	Sector Perform	$111.00 → $101.00	38%
Piper Sandler	Oct 12, 2026	Maintains	Neutral	$119.00 → $102.00	44%
Truist Securities	Sep 25, 2026	Maintains	Buy	$123.00 → $108.00	45%
Evercore ISI Group	Sep 21, 2026	Maintains	In-Line	$114.00 → $110.00	45%
Scotiabank	Sep 17, 2026	Maintains	Sector Underperform	$109.00 → $102.00	47%
UBS	Sep 15, 2026	Initiates	Neutral	$106.00 → $105.00	27%

The case for and against

Updated Oct 17, 2026

Bull case

Camden Prop Trust is viewed favorably because its low-levered balance sheet, strong development capabilities, and attractive relative valuation provide both defensive resilience and offensive optionality despite heavy supply in its markets. Management’s reiterated 2026 core FFO/sh guidance of $6.60-$6.90, improved April occupancy to 95.4%, and the on-track California sale support capital recycling and balance-sheet flexibility, while share repurchases at a 6.4% FFO yield highlight confidence in the NAV discount. Even with a projected 2026 normalized FFO decline, the outlook improves thereafter, and demand fundamentals remain strong as supply is absorbed in key Sun Belt markets.

Bear case

Camden Prop Trust is facing a negative outlook because higher interest rates are pressuring earnings growth through more dilutive refinancing, weaker acquisition spreads, and tougher development economics, while rising cap rates could also compress portfolio values. Although 2026 FFO is expected to be about $6.05 to $6.11 per share and normalized FFO about $6.70 to $6.73 per share, 2027 expectations are being trimmed to $6.76 to $6.85 per share, with only 0.1% SSNOI growth, reflecting 1.2% to 1.4% revenue growth against 3.2% to 3.6% expense growth. The shares also face demand risk in key markets like Washington DC and Houston, potential move-outs if mortgage rates decline, and execution risk from a large development pipeline that could be hurt by delays, cost overruns, or lease-up setbacks.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.