Truist Securities Rates Camden Property Trust (CPT) buy

Truist Securities continues to back Camden Property Trust with a target price increase, a 7.45% upside from the current price.

By TradeTexts Research Desk · Published Jun 12, 2026, 9:13 PM EDT · Updated Jun 13, 2026, 1:00 AM EDT

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Truist Securities rated Camden Property Trust ($CPT) "buy" with a $123 price target on June 11, 2026.

Since the rating, $CPT is down 4.8% after 1 week, up 0.7% after 1 month and down 12.1% to date (from the $112.18 close on Jun 11, 2026).

CPT Camden Property Trust

$98.59 -7.70% year to date

Daily close · Oct 16, 2026

Key Points

Truist Securities reiterated its Buy rating on Camden Property Trust (CPT), raising the target price to $123.0 from a previous target of $108.0.
Truist Securities's $123 price target implies 7.45% upside from Camden Property Trust's ($CPT) current $114.47 share price.
Camden Property Trust shares are currently trading at $114.47, close to a 52-week high of $119.81, indicating strong market performance.
The company operates 173 properties with over 58,000 residential units, positioning it well in the competitive real estate sector.

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Truist Supports Camden Property Trust

Truist Securities reiterated its Buy rating on Camden Property Trust (NYSE: CPT) on June 11, 2026, increasing the price target to $123.0 from a prior target of $108.0. Shares of Camden are currently priced at $114.47, reflecting solid investor interest and market confidence in the company's performance.

Analysts Set New Price Targets

Truist's adjustment comes as Camden Property Trust continues to showcase its strength in the residential real estate market. The firm, led by CEO Alexander J. K. Jessett, operates 173 properties with a total of 58,811 apartment homes, contributing to a market cap of approximately $11.4 billion. This rating is part of a broader analyst consensus where firms like UBS and Barclays have maintained their ratings, with targets ranging from $101.0 to $114.0.

Stock Performance Overview

Camden Property Trust is currently trading just below its 52-week high of $119.81. The stock's performance has improved, particularly since its price was lower earlier in the year. This upward movement suggests positive sentiment among investors and analysts alike.

12-month forecast

$CPT price target

Camden Property Trust daily closes and this analyst's $123 target. Not advice.

Recent Earnings

Camden's most recent quarter reported revenue of approximately $1.58 billion, although it faced a slight revenue decline of 0.8%. Despite this, the company maintains a net margin of about 20.6%, indicating solid profitability. Investors will be watching for the next earnings report scheduled for November 5, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

D 42/100

Reported Apr 30, 2026

Forward outlook
5 target cuts vs 1 raises.
EPS & revenue
EPS beat estimates by 43.4%. Revenue met estimates.
Profit surprise
EBITDA beat by 5 percent. Operating income beat by 22 percent.
Pre-earnings setup
Expectations were about average.
Analyst signal
1 downgrade, 1 target raise, 5 target cuts.
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.

What CPT Does

Camden Property Trust specializes in managing and developing multifamily apartment communities across the U.S. With its extensive portfolio and strong market positioning, the firm's continued growth is anticipated as it brings new properties online.

What's Ahead for CPT

Investors should keep an eye on Camden Property Trust's upcoming earnings report in November and any further analyst ratings that may arise. Remember, the recent rating from Truist reflects positions from earlier periods and may not represent current holdings.