Jennison Associates LLC Boosts Stock Holdings in Camden Property Trust $CPT

Jennison Associates LLC raised its holdings in shares of Camden Property Trust (NYSE:CPT) by 87.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,013,719 shares of the real estate investment trust’s stock after buying an additional 472,623 shares during the period. Jennison Associates LLC’s holdings in Camden Property Trust were worth $114,236,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CPT. IFP Advisors Inc boosted its position in Camden Property Trust by 45.7% during the second quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 101 shares during the period. Cape Investment Advisory Inc. purchased a new stake in Camden Property Trust during the first quarter valued at about $37,000. National Pension Service boosted its holdings in shares of Camden Property Trust by 74.2% during the first quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 167 shares during the period. Private Trust Co. NA boosted its holdings in shares of Camden Property Trust by 117.7% during the second quarter. Private Trust Co. NA now owns 431 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 233 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Camden Property Trust by 47.4% during the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 158 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CPT shares. Morgan Stanley dropped their target price on shares of Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Barclays decreased their price target on shares of Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating for the company in a research note on Tuesday, September 30th. UBS Group decreased their price target on shares of Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. The Goldman Sachs Group downgraded shares of Camden Property Trust from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $118.00 to $106.00 in a research note on Wednesday, September 17th. Finally, Truist Financial decreased their price target 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. Six research analysts have rated the stock with a Buy rating, nine have issued 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 an average target price of $121.61.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $101.44 on Wednesday. Camden Property Trust has a fifty-two week low of $100.60 and a fifty-two week high of $127.65. The company has a 50 day simple moving average of $106.62 and a two-hundred day simple moving average of $111.25. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of 70.94, a P/E/G ratio of 3.53 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 (NYSE:CPT) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The business had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. During the same quarter last year, the firm earned $1.71 earnings per share. The business’s revenue for the quarter 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. Analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were paid 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 dividend yield of 4.1%. Camden Property Trust’s dividend payout ratio (DPR) 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.