Scotiabank Cuts Camden Property Trust (CPT) Price Target to $102
Scotiabank has adjusted its price target for Camden Property Trust amid current trading levels, a 4.08% upside from the current price.
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Scotiabank cut its price target on Camden Property Trust ($CPT) to $102 from $109 on September 17, 2026, and rates the stock "Sector Underperform".
Since the rating, $CPT is down 3.5% after 1 week and down 1.2% to date (from the $99.84 close on Sep 17, 2026).
CPT
Camden Property Trust
Key Points
- Scotiabank reiterated its Sector Underperform rating on Camden Property Trust, setting a new price target of $102.0 on September 17, 2026, down from $109.0.
- Scotiabank's $102 price target implies 4.08% upside from Camden Property Trust's ($CPT) current $98 share price.
- As of October 16, 2026, Camden shares traded at $98.0, about 1.8% below the event close of $99.84 on September 17.
- Camden Property Trust, which owns and operates 173 multifamily properties, has a dividend rate of $4.24.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Camden Property Trust alert may contain errors. Disclosures
Camden Property Trust (NYSE: CPT) received a rating update from Scotiabank on September 17, 2026. The firm reiterated its Sector Underperform rating and adjusted its price target from $109.0 to $102.0.
Scotiabank vs. the S&P 500
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Other Institutional Activity in Camden Property Trust
Blackrock Inc. increased its stake in Camden Property Trust by 573,433 shares, bringing its total to 10,704,750 shares worth about $1.06 billion. FMR, LLC also added 657,983 shares, increasing its holdings to 7,725,471 shares valued at approximately $761.8 million. In contrast, Vanguard Portfolio Management LLC reduced its position by 479,123 shares, ending with 8,344,506 shares worth around $822.9 million.
Camden Property Trust Stock Down 1.1%
Camden shares closed at $99.84 on September 17, 2026, but have since traded lower, recently around $98.0 as of October 16, 2026. This price is about 1.8% below the event close, and it also sits about 3.9% lower than Scotiabank's new price target of $102.0.
$CPT price target
Camden Property Trust daily closes and this analyst's $102 target. Not advice.
Recent Earnings
In its most recent earnings report, Camden Property Trust recorded a trailing twelve-month revenue of approximately $1.58 billion and an EPS of $3.03. The company's next earnings report is scheduled for November 5, 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
Insider activity has seen several sales, including Chief Operating Officer Laurie A. Baker, who sold 2,168 shares on February 18, 2026, valued at about $235,007. Additionally, Richard J Campo, an officer and director, sold 30,000 shares on June 5, 2026, for approximately $3.37 million.
Analysts Set New Price Targets
On September 8, 2026, Mizuho maintained an Outperform rating with a price target of $116.0, down from $125.0. Following Scotiabank's update, Evercore ISI Group maintained an In-Line rating with a target of $110.0 on September 21, and Truist Securities set a Buy rating with a target of $108.0 on September 25.
About Camden Property Trust
Camden Property Trust is a real estate investment trust (REIT) based in Houston, Texas. The company focuses on owning and managing multifamily apartment communities. It currently operates 173 properties with a total of 58,811 apartment homes across the United States, with plans to expand further.
Bottom Line
Investors should keep an eye on Camden Property Trust's upcoming earnings report on November 5, 2026, and further updates from analysts. With the stock trading below the new price target set by Scotiabank, the market's response to these developments will be important.
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Source: Scotiabank's rating change on $CPT (Sep 17, 2026). Written by software, not financial advice. How we make alerts