Camden Property Trust $CPT Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC increased its stake in Camden Property Trust (NYSE:CPT) by 303.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,431 shares of the real estate investment trust’s stock after acquiring an additional 279,336 shares during the period. Calamos Advisors LLC owned approximately 0.37% of Camden Property Trust worth $35,929,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Maverick Capital Ltd. raised its stake in shares of Camden Property Trust by 1.6% in the 1st quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust’s stock worth $182,416,000 after buying an additional 30,076 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Camden Property Trust by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,598,671 shares of the real estate investment trust’s stock worth $156,128,000 after acquiring an additional 37,456 shares during the period. Jennison Associates LLC grew its holdings in Camden Property Trust by 100.2% during the first quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock worth $117,861,000 after acquiring an additional 603,997 shares during the period. State of Alaska Department of Revenue raised its position in Camden Property Trust by 945.3% in the third quarter. State of Alaska Department of Revenue now owns 616,861 shares of the real estate investment trust’s stock worth $59,669,000 after acquiring an additional 557,850 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Camden Property Trust by 49.7% in the first quarter. Renaissance Technologies LLC now owns 466,800 shares of the real estate investment trust’s stock worth $45,588,000 after acquiring an additional 154,900 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Key Camden Property Trust News

Here are the key news stories impacting Camden Property Trust this week:

• Positive Sentiment: Q3 funds from operations (FFO) were $1.71 per share, topping the $1.69 consensus and rising from $1.70 a year earlier. The company also cited improving leasing trends and lower property expenses. Camden Property’s Q3 FFO Beats Estimates as Leasing Trends Improve
• Neutral Sentiment: Camden forecast Q4 core FFO of $1.63–$1.67 per share; the available report did not provide a comparable analyst estimate to gauge whether the outlook is above or below expectations. Camden Property Trust Q4 Core FFO Guidance
• Negative Sentiment: Revenue was $381.06 million, below analysts’ $384.88 million estimate and down 3.7% year over year. Reports also flagged weakness in same-property NOI, tempering the FFO beat and raising concerns about operating momentum. Camden Property Q3 FFO Higher, Revenue Lower; Issues Guidance

Camden Property Trust Stock Down 3.7%

Shares of CPT stock traded down $3.88 on Friday, reaching $99.83. 1,702,748 shares of the company’s stock traded hands, compared to its average volume of 855,251. The company has a market capitalization of $10.04 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 7.56 and a beta of 0.75. Camden Property Trust has a 12-month low of $95.30 and a 12-month high of $119.81. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.18 and a current ratio of 0.18. The business’s 50 day moving average price is $100.55 and its two-hundred day moving average price is $105.83.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.02. The firm had revenue of $381.06 million during the quarter, compared to analyst estimates of $384.88 million. Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company posted $1.70 EPS. On average, equities analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were paid a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 4.2%. The ex-dividend date was Wednesday, September 30th. Camden Property Trust’s dividend payout ratio is currently 140.40%.

Analysts Set New Price Targets

CPT has been the subject of several research reports. Evercore set a $110.00 price objective on shares of Camden Property Trust in a research report on Monday, September 21st. Morgan Stanley dropped their target price on shares of Camden Property Trust from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 12th. Wall Street Zen raised shares of Camden Property Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday. Truist Financial reduced their target price on shares of Camden Property Trust from $123.00 to $108.00 and set a “buy” rating for the company in a report on Friday, September 25th. Finally, Stifel Nicolaus set a $123.25 price target on Camden Property Trust in a report on Friday, July 31st. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $111.62.

Camden Property Trust Profile

Camden Property Trust (NYSE:CPT) is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides rental housing to individuals and families through a portfolio of communities offering a range of apartment layouts, amenities, and resident services.

Camden focuses primarily on high-growth markets in the Sun Belt, including metropolitan areas in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, and Tennessee. Its communities are generally located in major urban and suburban markets and are managed through the company’s in-house property management platform.

Founded in 1993 and headquartered in Houston, Texas, Camden Property Trust has expanded through apartment development, acquisitions, and ongoing property renovations.