Fifth Third Bancorp Raises Position in Camden Property Trust $CPT

Fifth Third Bancorp grew its holdings in shares of Camden Property Trust (NYSE:CPT) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,331 shares of the real estate investment trust’s stock after purchasing an additional 154 shares during the period. Fifth Third Bancorp’s holdings in Camden Property Trust were worth $601,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Gries Financial LLC purchased a new stake in shares of Camden Property Trust during the 2nd quarter valued at $1,579,000. GAMMA Investing LLC lifted its holdings in shares of Camden Property Trust by 28.3% during the 2nd quarter. GAMMA Investing LLC now owns 4,233 shares of the real estate investment trust’s stock valued at $477,000 after purchasing an additional 933 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Camden Property Trust by 11.7% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 69,708 shares of the real estate investment trust’s stock valued at $7,855,000 after purchasing an additional 7,275 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in shares of Camden Property Trust by 62.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 6,402 shares of the real estate investment trust’s stock valued at $721,000 after purchasing an additional 2,464 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Camden Property Trust by 92.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,776 shares of the real estate investment trust’s stock valued at $658,000 after purchasing an additional 2,772 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Shares of CPT opened at $106.34 on Tuesday. The business’s 50-day moving average is $108.98 and its two-hundred day moving average is $113.25. The company has a market capitalization of $11.36 billion, a P/E ratio of 74.37, a P/E/G ratio of 3.63 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. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.65.

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

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.9%. Camden Property Trust’s dividend payout ratio (DPR) is 293.71%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CPT. Citigroup cut their target price on Camden Property Trust from $138.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 14th. UBS Group cut their target price on Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 15th. Evercore ISI upped their target price 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. Stifel Nicolaus raised Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 target price on the stock in a research report on Tuesday, August 26th. Finally, Royal Bank Of Canada cut their target price on Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating on the stock in a research report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.