Camden Property Trust $CPT Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its position in Camden Property Trust (NYSE:CPT) by 9.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,319 shares of the real estate investment trust’s stock after selling 461 shares during the quarter. Park Avenue Securities LLC’s holdings in Camden Property Trust were worth $487,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CPT. Cape Investment Advisory Inc. acquired a new position in Camden Property Trust during the 1st quarter valued at approximately $37,000. Tsfg LLC acquired a new position in Camden Property Trust during the 1st quarter valued at approximately $40,000. National Pension Service boosted its position in Camden Property Trust by 74.2% during the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 167 shares during the period. Allworth Financial LP boosted its position in Camden Property Trust by 47.4% during the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 158 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in Camden Property Trust during the 1st quarter valued at approximately $64,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Down 0.6%

CPT opened at $106.34 on Tuesday. Camden Property Trust has a one year low of $102.35 and a one year high of $127.65. 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 fifty day moving average is $108.98 and its 200-day moving average is $113.25. The company has a market capitalization of $11.36 billion, a PE ratio of 74.37, a P/E/G ratio of 3.63 and a beta of 0.80.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 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 company had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. During the same quarter in the previous year, the business earned $1.71 EPS. The company’s quarterly revenue 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. On average, equities analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Camden Property Trust’s payout ratio is currently 293.71%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CPT. Royal Bank Of Canada reduced their price objective on Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating for the company in a research report on Monday, August 4th. Truist Financial reduced their price objective on Camden Property Trust from $131.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, August 27th. Evercore ISI boosted their price objective on Camden Property Trust from $114.00 to $116.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. The Goldman Sachs Group downgraded 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 research note on Wednesday, September 17th. Finally, Piper Sandler cut their target price on Camden Property Trust from $130.00 to $117.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $122.25.

Camden Property Trust Company Profile

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.