Camden Property Trust $CPT Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its holdings in shares of Camden Property Trust (NYSE:CPT) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,079 shares of the real estate investment trust’s stock after selling 112 shares during the period. Parallel Advisors LLC’s holdings in Camden Property Trust were worth $122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CPT. Millennium Management LLC lifted its stake in Camden Property Trust by 1,669.3% during the 1st quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust’s stock valued at $131,880,000 after acquiring an additional 1,017,388 shares during the period. Nuveen LLC acquired a new stake in Camden Property Trust during the 1st quarter valued at approximately $123,882,000. GAMMA Investing LLC lifted its stake in Camden Property Trust by 12,973.9% during the 1st quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust’s stock valued at $49,359,000 after acquiring an additional 400,503 shares during the period. Woodline Partners LP acquired a new stake in Camden Property Trust during the 1st quarter valued at approximately $45,879,000. Finally, JPMorgan Chase & Co. lifted its stake in Camden Property Trust by 17.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust’s stock valued at $227,942,000 after acquiring an additional 273,966 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on CPT. Citigroup decreased their price objective on shares of Camden Property Trust from $138.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 14th. JPMorgan Chase & Co. lifted their target price on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an “underweight” rating in a report on Tuesday, June 17th. Evercore ISI lifted their target price on shares of Camden Property Trust from $114.00 to $116.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Wall Street Zen raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, The Goldman Sachs Group lowered shares of Camden Property Trust from a “neutral” rating to a “sell” rating and cut their target price for the company from $118.00 to $106.00 in a report on Wednesday, September 17th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $122.25.

Camden Property Trust Trading Down 0.3%

NYSE CPT opened at $107.89 on Wednesday. The firm’s 50-day moving average is $109.56 and its two-hundred day moving average is $113.64. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $11.53 billion, a P/E ratio of 75.45, a PEG ratio of 3.67 and a beta of 0.80.

Camden Property Trust (NYSE:CPT) last issued its quarterly 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. The company had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 earnings per share. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. On average, sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.20 annualized dividend and a yield of 3.9%. 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.