Pensionfund Sabic bought a new stake in Camden Property Trust (NYSE:CPT – Free Report) in the fourth quarter, HoldingsChannel reports. The fund bought 7,031 shares of the real estate investment trust’s stock, valued at approximately $774,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wolverine Asset Management LLC raised its stake in Camden Property Trust by 384.1% in the third quarter. Wolverine Asset Management LLC now owns 28,279 shares of the real estate investment trust’s stock valued at $3,020,000 after buying an additional 22,438 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Camden Property Trust by 7.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 166,280 shares of the real estate investment trust’s stock worth $17,755,000 after acquiring an additional 11,983 shares during the period. CORDA Investment Management LLC. increased its holdings in shares of Camden Property Trust by 2.4% during the 3rd quarter. CORDA Investment Management LLC. now owns 214,028 shares of the real estate investment trust’s stock worth $22,854,000 after acquiring an additional 5,097 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Camden Property Trust by 558.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 46,671 shares of the real estate investment trust’s stock worth $4,984,000 after acquiring an additional 39,578 shares during the last quarter. Finally, Waterfall Asset Management LLC bought a new stake in Camden Property Trust in the 3rd quarter valued at $3,257,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have commented on CPT shares. Mizuho lifted their price objective on shares of Camden Property Trust from $114.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Stifel Nicolaus set a $118.50 target price on shares of Camden Property Trust in a research note on Friday, February 6th. Barclays reduced their target price on shares of Camden Property Trust from $119.00 to $115.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Wall Street Zen cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Finally, Scotiabank cut their price objective on shares of Camden Property Trust from $115.00 to $113.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 4th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $115.16.
Insider Buying and Selling at Camden Property Trust
In related news, CEO Richard J. Campo sold 38,021 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $109.78, for a total value of $4,173,945.38. Following the completion of the sale, the chief executive officer directly owned 301,156 shares in the company, valued at approximately $33,060,905.68. The trade was a 11.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Laurie Baker sold 2,168 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $108.40, for a total value of $235,011.20. Following the sale, the chief operating officer directly owned 94,468 shares in the company, valued at $10,240,331.20. This represents a 2.24% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 54,625 shares of company stock worth $5,995,193. 1.80% of the stock is currently owned by company insiders.
Camden Property Trust Stock Performance
Shares of NYSE CPT opened at $97.30 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 6.67 and a beta of 0.82. The stock’s fifty day moving average price is $106.26 and its two-hundred day moving average price is $105.69. Camden Property Trust has a one year low of $96.71 and a one year high of $124.32.
Camden Property Trust (NYSE:CPT – Get Free Report) last announced its earnings results on Thursday, February 5th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.29). Camden Property Trust had a net margin of 24.43% and a return on equity of 8.36%. The business had revenue of $396.08 million during the quarter, compared to the consensus estimate of $393.05 million. During the same period in the previous year, the firm posted $1.73 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Camden Property Trust has set its Q1 2026 guidance at 1.640-1.680 EPS and its FY 2026 guidance at 6.600-6.900 EPS. On average, equities analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.
Camden Property Trust Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Tuesday, March 31st will be given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, March 31st. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.05. Camden Property Trust’s dividend payout ratio (DPR) is currently 118.64%.
Camden Property Trust announced that its board has authorized a share repurchase plan on Thursday, February 5th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 5.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.
Camden Property Trust 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.
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