Royal Bank of Canada Cuts Holdings in Camden Property Trust $CPT

Royal Bank of Canada reduced its position in Camden Property Trust (NYSE:CPT) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 161,917 shares of the real estate investment trust’s stock after selling 5,890 shares during the quarter. Royal Bank of Canada owned about 0.15% of Camden Property Trust worth $19,802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CPT. Ameriprise Financial Inc. raised its position in shares of Camden Property Trust by 41.7% in the 4th quarter. Ameriprise Financial Inc. now owns 204,874 shares of the real estate investment trust’s stock worth $23,781,000 after buying an additional 60,250 shares during the period. Baird Financial Group Inc. raised its position in shares of Camden Property Trust by 42.3% in the 4th quarter. Baird Financial Group Inc. now owns 3,362 shares of the real estate investment trust’s stock worth $390,000 after buying an additional 1,000 shares during the period. Cresset Asset Management LLC purchased a new position in shares of Camden Property Trust in the 4th quarter worth $251,000. Deutsche Bank AG raised its position in Camden Property Trust by 29.0% in the fourth quarter. Deutsche Bank AG now owns 419,406 shares of the real estate investment trust’s stock valued at $48,668,000 after purchasing an additional 94,218 shares during the period. Finally, Ensign Peak Advisors Inc raised its position in Camden Property Trust by 31.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 48,593 shares of the real estate investment trust’s stock valued at $5,639,000 after purchasing an additional 11,724 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on CPT shares. Truist Financial cut their price objective on Camden Property Trust from $131.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, August 27th. JPMorgan Chase & Co. raised their price objective on Camden Property Trust from $127.00 to $129.00 and gave the company an “underweight” rating in a research report on Tuesday, June 17th. Wells Fargo & Company cut their price objective on Camden Property Trust from $120.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Stifel Nicolaus raised Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 price objective on the stock in a research report on Tuesday, August 26th. Finally, Wall Street Zen raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $123.11.

Camden Property Trust Stock Down 0.5%

Shares of NYSE CPT opened at $110.86 on Tuesday. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 77.52, a PEG ratio of 3.78 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The stock’s 50-day simple moving average is $110.63 and its 200-day simple moving average is $114.67.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.01. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The business had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. During the same period in the previous year, the company earned $1.71 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. As a group, equities analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, June 30th. Camden Property Trust’s dividend payout ratio (DPR) is 293.71%.

About Camden Property Trust

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.