Krilogy Financial LLC acquired a new position in Camden Property Trust (NYSE:CPT – Free Report) during the 3rd quarter, HoldingsChannel reports. The fund acquired 15,035 shares of the real estate investment trust’s stock, valued at approximately $1,454,000.
Several other institutional investors also recently modified their holdings of the business. Squarepoint Ops LLC raised its position in Camden Property Trust by 3,804.2% during the 2nd quarter. Squarepoint Ops LLC now owns 107,327 shares of the real estate investment trust’s stock worth $12,288,000 after purchasing an additional 104,578 shares during the last quarter. CORDA Investment Management LLC. increased its stake in shares of Camden Property Trust by 90.8% in the first quarter. CORDA Investment Management LLC. now owns 426,913 shares of the real estate investment trust’s stock valued at $41,692,000 after buying an additional 203,131 shares during the period. Jennison Associates LLC increased its stake in shares of Camden Property Trust by 100.2% in the first quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock valued at $117,861,000 after buying an additional 603,997 shares during the period. Corient Private Wealth LP raised its position in shares of Camden Property Trust by 38.2% during the second quarter. Corient Private Wealth LP now owns 120,014 shares of the real estate investment trust’s stock worth $13,740,000 after acquiring an additional 33,175 shares during the last quarter. Finally, Empyrean Capital Partners LP bought a new position in shares of Camden Property Trust during the first quarter worth about $9,180,000. Institutional investors own 97.22% of the company’s stock.
Analyst Ratings Changes
CPT has been the topic of a number of recent analyst reports. UBS Group cut their price objective on Camden Property Trust from $105.00 to $101.00 and set a “neutral” rating on the stock in a research note on Wednesday. Jefferies Financial Group upgraded Camden Property Trust to a “hold” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their target price on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Barclays lowered their price target on shares of Camden Property Trust from $123.00 to $114.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Evercore set a $110.00 price target on shares of Camden Property Trust in a report on Monday, September 21st. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $112.08.
Check Out Our Latest Research Report on Camden Property Trust
Camden Property Trust Price Performance
CPT stock opened at $98.15 on Friday. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 7.24 and a beta of 0.79. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.25. Camden Property Trust has a 12-month low of $95.30 and a 12-month high of $119.81. The company’s fifty day simple moving average is $102.91 and its 200 day simple moving average is $106.52.
Camden Property Trust (NYSE:CPT – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.49). Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The firm had revenue of $396.07 million for the quarter, compared to the consensus estimate of $392.88 million. During the same period last year, the company posted $1.70 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. On average, analysts expect that Camden Property Trust will post 6.75 earnings per share for the current year.
Camden Property Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be given a dividend of $1.06 per share. The ex-dividend date is Wednesday, September 30th. This represents a $4.24 annualized dividend and a dividend yield of 4.3%. Camden Property Trust’s dividend payout ratio is presently 140.40%.
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 residential rental housing and related property-management services, with properties designed to serve a range of residents in major metropolitan areas.
Camden focuses primarily on high-growth markets in the Sun Belt, including communities in Texas, Florida, Georgia, North Carolina, Colorado, Arizona, Nevada, and Tennessee.
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