Turn8 Private Wealth Inc. Purchases 817 Shares of Camden Property Trust $CPT

Turn8 Private Wealth Inc. boosted its position in Camden Property Trust (NYSE:CPT) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,125 shares of the real estate investment trust’s stock after purchasing an additional 817 shares during the period. Camden Property Trust accounts for about 2.3% of Turn8 Private Wealth Inc.’s portfolio, making the stock its 25th biggest holding. Turn8 Private Wealth Inc.’s holdings in Camden Property Trust were worth $2,950,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in shares of Camden Property Trust by 41.7% in the fourth quarter. Ameriprise Financial Inc. now owns 204,874 shares of the real estate investment trust’s stock valued at $23,781,000 after buying an additional 60,250 shares during the period. Baird Financial Group Inc. grew its holdings in Camden Property Trust by 42.3% during the 4th quarter. Baird Financial Group Inc. now owns 3,362 shares of the real estate investment trust’s stock worth $390,000 after acquiring an additional 1,000 shares during the last quarter. Cresset Asset Management LLC bought a new stake in Camden Property Trust during the 4th quarter worth approximately $251,000. Deutsche Bank AG increased its position in Camden Property Trust by 29.0% in the 4th quarter. Deutsche Bank AG now owns 419,406 shares of the real estate investment trust’s stock valued at $48,668,000 after acquiring an additional 94,218 shares during the period. Finally, Ensign Peak Advisors Inc raised its stake in shares of Camden Property Trust by 31.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 48,593 shares of the real estate investment trust’s stock valued at $5,639,000 after acquiring an additional 11,724 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $108.79 on Thursday. The firm has a 50 day moving average of $110.51 and a 200-day moving average of $114.61. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 76.08, a price-to-earnings-growth ratio of 3.79 and a beta of 0.80. 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 has a 52 week low of $102.35 and a 52 week high of $127.69.

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 (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. During the same quarter in the prior year, the company earned $1.71 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. 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 forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were issued a dividend of $1.05 per share. The ex-dividend date was Monday, June 30th. This represents a $4.20 annualized dividend and a yield of 3.9%. Camden Property Trust’s dividend payout ratio is presently 293.71%.

Analysts Set New Price Targets

Several analysts recently weighed in on CPT shares. Royal Bank Of Canada reduced their price objective on shares of Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. lifted their target price on Camden Property Trust from $127.00 to $129.00 and gave the stock an “underweight” rating in a report on Tuesday, June 17th. Barclays decreased their price target on Camden Property Trust from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th. Stifel Nicolaus upgraded Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 price objective for the company in a research report on Tuesday, August 26th. Finally, Morgan Stanley reduced their target price on Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $123.27.

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.