Scotiabank Reiterates Sell Rating on Camden Property Trust
Scotiabank maintains its sell rating for Camden Property Trust, setting a $102 price target, a 7.15% downside from the current price.
Key Points
- Scotiabank reiterated its sell rating on Camden Property Trust with a $102 price target on June 18, 2026.
- Scotiabank's $102 price target implies 7.15% downside from Camden Property Trust's ($CPT) current $109.85 share price.
- Camden Property Trust shares traded at $110.73, with a market cap of $10.84 billion and a P/E ratio of 30.5.
- Insider buying and selling includes Executive Chairman Richard Campo selling 30,000 shares on June 5, 2026.
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Scotiabank has reiterated its sell rating on Camden Property Trust (NYSE: CPT), maintaining a price target of $102. This update from analyst Nicholas Yulico came on June 18, 2026, as the stock traded at $110.73.
Camden Property Trust Stock Up 3.3%
Shares of NYSE:CPT traded around $110.73. Camden Property Trust has a market capitalization of approximately $10.84 billion. The stock's P/E ratio stands at 30.5, with a forward P/E of 68.5. Camden's beta is 0.814, indicating lower volatility compared to the market. The stock has seen a 52-week low of $96.53 and a high of $117.50. Its 50-day moving average is $106.11, while the 200-day moving average is $105.54.
Recent Earnings
Camden Property Trust reported revenue of about $1.58 billion, with a slight revenue decline of 0.5%. The company achieved a net margin of 24.5% and a return on equity of 9.1%. The next earnings report is expected on July 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target cuts vs 1 raises.
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EPS & revenue
EPS beat estimates by 43.4%. Revenue met estimates.
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Profit surprise
EBITDA beat by 5 percent. Operating income beat by 22 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 downgrade, 1 target raise, 5 target cuts.
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Earnings quality
Gross margin down 77.0 points. Positive free cash flow.
Earnings Call Summary
First quarter delivered 1.70 dollars per share in core FFO, beating guidance by 4 cents, mainly from lower-than-expected bad debt and strong resident collections. Occupancy climbed to 95.4 percent in April with blended lease rates up about 100 basis points, showing spring leasing momentum as supply pressure eases across markets. Management expects a strong third quarter and atypical fourth quarter as new apartment supply absorption continues, with Texas markets like Dallas, Austin, and Houston leading the recovery despite sentiment headwinds.
Guidance Camden kept its full-year earnings forecast of 6.75 dollars per share unchanged. For the second quarter, they expect earnings between 1.65 and 1.69 dollars per share, a small step down from first quarter due to seasonal maintenance costs and salary increases.
Clearly negative report. The company missed important expectations and likely triggers downward revisions.
Insider Buying and Selling at Camden Property Trust
On June 5, 2026, Executive Chairman Richard Campo sold 30,000 shares at an average price of $112.42. Earlier, on May 8, 2026, insiders including Steven Webster, Renu Khator, Kelvin Westbrook, Heather Brunner, and Scott Ingraham each purchased 2,507 shares without a disclosed price.
Analysts Set New Price Targets
On June 18, 2026, Scotiabank maintained its sell rating with a $102 price target. Truist Securities, on June 11, 2026, reiterated a buy rating with a $123 target. Mizuho, on June 10, 2026, also maintained a buy rating, targeting $125. Wells Fargo, on June 1, 2026, held a hold rating with a $107 target. The consensus recommendation is a buy, with an average target price of $113.94, based on 22 analyst opinions.
About Camden Property Trust
Camden Property Trust, headquartered in Houston, Texas, is a real estate company involved in owning, managing, and developing multifamily apartment communities. The company operates 173 properties with over 58,800 apartment homes across the U.S. It is led by CEO Alexander J. K. Jessett and employs around 1,640 people. Camden is an S&P 500 company, reflecting its significant presence in the residential REIT sector.
Bottom Line
Scotiabank's reiteration of a sell rating on Camden Property Trust highlights continued caution from analysts despite the company's strong market presence. Investors often track these ratings for insights into potential stock movements. Remember, analyst ratings are opinions and should be considered as part of broader investment research.
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