Cwm LLC increased its holdings in shares of Camden Property Trust (NYSE:CPT – Free Report) by 319.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,417 shares of the real estate investment trust’s stock after purchasing an additional 7,171 shares during the period. Cwm LLC’s holdings in Camden Property Trust were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in Camden Property Trust by 16.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 89 shares in the last quarter. Country Club Bank lifted its holdings in Camden Property Trust by 0.4% in the 1st quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust’s stock worth $3,204,000 after buying an additional 92 shares in the last quarter. Amalgamated Bank lifted its holdings in Camden Property Trust by 0.5% in the 1st quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust’s stock worth $2,514,000 after buying an additional 93 shares in the last quarter. First Manhattan CO. LLC. lifted its holdings in Camden Property Trust by 0.3% in the 1st quarter. First Manhattan CO. LLC. now owns 30,878 shares of the real estate investment trust’s stock worth $3,809,000 after buying an additional 101 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in Camden Property Trust by 45.7% in the 2nd quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on CPT shares. Citigroup cut their price objective on shares of Camden Property Trust from $138.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 14th. Scotiabank cut their target price on shares of Camden Property Trust from $136.00 to $133.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 14th. Stifel Nicolaus upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 target price on the stock in a research note on Tuesday, August 26th. Weiss Ratings restated a “hold (c)” rating on shares of Camden Property Trust in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald initiated coverage on shares of Camden Property Trust in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $115.00 target price on the stock. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price of $121.61.
Camden Property Trust Price Performance
CPT opened at $103.50 on Wednesday. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 72.38, a price-to-earnings-growth ratio of 3.50 and a beta of 0.80. Camden Property Trust has a fifty-two week low of $100.60 and a fifty-two week high of $127.65. The company’s 50-day moving average price is $106.90 and its 200 day moving average price is $111.40. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82.
Camden Property Trust (NYSE:CPT – Get Free Report) last released its quarterly earnings data 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 firm 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%. Camden Property Trust’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, sell-side analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.
Camden Property Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were paid a dividend of $1.05 per share. The ex-dividend date was Tuesday, September 30th. This represents a $4.20 annualized dividend and a yield of 4.1%. Camden Property Trust’s dividend payout ratio 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.
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