Andra AP fonden Sells 44,700 Shares of Camden Property Trust $CPT

Andra AP fonden lessened its holdings in Camden Property Trust (NYSE:CPT) by 39.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 68,900 shares of the real estate investment trust’s stock after selling 44,700 shares during the period. Andra AP fonden owned about 0.06% of Camden Property Trust worth $7,764,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC raised its stake in Camden Property Trust by 1,669.3% in the first quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust’s stock worth $131,880,000 after buying an additional 1,017,388 shares in the last quarter. Nuveen LLC bought a new position in shares of Camden Property Trust in the 1st quarter worth $123,882,000. Jennison Associates LLC raised its position in shares of Camden Property Trust by 87.3% in the 2nd quarter. Jennison Associates LLC now owns 1,013,719 shares of the real estate investment trust’s stock worth $114,236,000 after acquiring an additional 472,623 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Camden Property Trust during the 1st quarter worth $45,879,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of 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 worth $227,942,000 after purchasing an additional 273,966 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Morgan Stanley cut their target price on Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Stifel Nicolaus raised shares of 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. Truist Financial reduced their price objective on shares of Camden Property Trust from $131.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, August 27th. Scotiabank decreased their target price on shares of Camden Property Trust from $126.00 to $115.00 and set a “sector perform” rating for the company in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $120.05.

Camden Property Trust Stock Up 2.5%

NYSE:CPT opened at $101.76 on Friday. The company has a market cap of $10.87 billion, a PE ratio of 71.16, a P/E/G ratio of 3.31 and a beta of 0.81. Camden Property Trust has a twelve month low of $97.17 and a twelve month high of $127.65. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $105.10 and its two-hundred day moving average is $110.65.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.02. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The business had revenue of $398.24 million during the quarter, compared to analysts’ expectations of $397.89 million. During the same quarter last year, the company posted $1.71 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS. FY 2025 guidance at 6.830-6.87 EPS. Analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.20 dividend on an annualized basis and a yield of 4.1%. Camden Property Trust’s payout ratio is currently 293.71%.

Camden Property Trust 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.