Are Wall Street Analysts Bullish on Camden Property Trust Stock?

With a market cap of $10.6 billion, Camden Property Trust (CPT) is a leading real estate company focused on the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities across the United States. It currently owns and operates 173 properties with 58,811 apartment homes, and upon completion of three properties under development, its portfolio will expand to 176 properties totaling 59,973 apartment homes.

Shares of the Houston-based company have underperformed the broader market over the past 52 weeks. CPT stock has declined 10.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 26.5%. Moreover, shares of the company are down 4.3% on a YTD basis, compared to SPX’s 8.8% gain.