Wolverine Asset Management LLC Buys 22,438 Shares of Camden Property Trust $CPT

Wolverine Asset Management LLC lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 384.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,279 shares of the real estate investment trust’s stock after acquiring an additional 22,438 shares during the quarter. Wolverine Asset Management LLC’s holdings in Camden Property Trust were worth $3,020,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPT. Norges Bank purchased a new stake in shares of Camden Property Trust in the second quarter worth $160,217,000. Long Pond Capital LP increased its stake in Camden Property Trust by 209.6% in the 2nd quarter. Long Pond Capital LP now owns 1,022,742 shares of the real estate investment trust’s stock worth $115,253,000 after buying an additional 692,412 shares in the last quarter. Invesco Ltd. raised its holdings in Camden Property Trust by 34.5% during the second quarter. Invesco Ltd. now owns 2,375,058 shares of the real estate investment trust’s stock valued at $267,645,000 after acquiring an additional 609,697 shares during the period. Jennison Associates LLC lifted its position in shares of Camden Property Trust by 87.3% in the second quarter. Jennison Associates LLC now owns 1,013,719 shares of the real estate investment trust’s stock valued at $114,236,000 after acquiring an additional 472,623 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Camden Property Trust by 518.1% in the second quarter. First Trust Advisors LP now owns 380,294 shares of the real estate investment trust’s stock valued at $42,855,000 after acquiring an additional 318,764 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $109.51 on Friday. Camden Property Trust has a 52-week low of $97.17 and a 52-week high of $126.55. The company has a market cap of $11.65 billion, a price-to-earnings ratio of 44.34, a PEG ratio of 3.55 and a beta of 0.81. The firm’s fifty day moving average is $106.30 and its 200 day moving average is $107.21. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.81.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.02. Camden Property Trust had a net margin of 17.15% and a return on equity of 5.75%. The firm had revenue of $398.24 million during the quarter, compared to the consensus estimate of $397.89 million. During the same quarter last year, the firm earned $1.71 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS and its FY 2025 guidance at 6.830-6.87 EPS. Sell-side analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Wednesday, December 17th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.8%. The ex-dividend date was Wednesday, December 17th. Camden Property Trust’s dividend payout ratio is presently 170.04%.

Insider Buying and Selling

In related news, CEO Richard J. Campo sold 5,600 shares of Camden Property Trust stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $110.21, for a total transaction of $617,176.00. Following the completion of the transaction, the chief executive officer directly owned 295,556 shares of the company’s stock, valued at approximately $32,573,226.76. The trade was a 1.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Heather J. Brunner sold 2,104 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $109.69, for a total transaction of $230,787.76. Following the completion of the sale, the director directly owned 10,205 shares in the company, valued at $1,119,386.45. This trade represents a 17.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 52,288 shares of company stock valued at $5,741,857 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Bank of America decreased their target price on Camden Property Trust from $142.00 to $137.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Piper Sandler reduced their price objective on shares of Camden Property Trust from $117.00 to $111.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Morgan Stanley dropped their target price on shares of Camden Property Trust from $124.00 to $123.00 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Scotiabank reduced their price target on shares of Camden Property Trust from $126.00 to $115.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 4th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $105.00 price target on shares of Camden Property Trust in a research note on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $117.40.

Camden Property Trust Company Profile

Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.

Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.