Sawyer & Company Inc acquired a new position in shares of Camden Property Trust (NYSE:CPT – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,635 shares of the real estate investment trust’s stock, valued at approximately $545,000.
Several other hedge funds have also recently added to or reduced their stakes in CPT. Maverick Capital Ltd. lifted its stake in Camden Property Trust by 1.6% during the first quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust’s stock worth $182,416,000 after purchasing an additional 30,076 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Camden Property Trust by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,598,671 shares of the real estate investment trust’s stock valued at $156,128,000 after purchasing an additional 37,456 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Camden Property Trust by 100.2% in the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock valued at $117,861,000 after purchasing an additional 603,997 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Camden Property Trust by 945.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 616,861 shares of the real estate investment trust’s stock valued at $59,669,000 after purchasing an additional 557,850 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of Camden Property Trust by 3.4% in the 4th quarter. Hsbc Holdings PLC now owns 523,824 shares of the real estate investment trust’s stock valued at $57,722,000 after purchasing an additional 17,270 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on CPT shares. Wells Fargo & Company dropped their target price on Camden Property Trust from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Monday. Cantor Fitzgerald boosted their price target on Camden Property Trust from $102.00 to $111.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on Camden Property Trust from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Weiss Ratings lowered Camden Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Finally, Stifel Nicolaus set a $123.25 price objective on Camden Property Trust in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Camden Property Trust presently has an average rating of “Hold” and a consensus price target of $111.62.
Get Our Latest Stock Report on CPT
Camden Property Trust Price Performance
Shares of NYSE:CPT traded up $0.34 during trading on Wednesday, reaching $100.11. The stock had a trading volume of 152,265 shares, compared to its average volume of 1,126,268. Camden Property Trust has a 52 week low of $95.30 and a 52 week high of $119.81. The business’s 50-day moving average price is $102.26 and its 200 day moving average price is $106.54. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $10.07 billion, a PE ratio of 33.16, a P/E/G ratio of 7.29 and a beta of 0.79.
Camden Property Trust (NYSE:CPT – Get Free Report) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.49). Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%. The business had revenue of $396.07 million during the quarter, compared to analyst estimates of $392.88 million. During the same period in the previous year, the firm earned $1.70 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. As a group, equities analysts predict that Camden Property Trust will post 6.75 earnings per share for the current year.
Camden Property Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were given a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 4.2%. The ex-dividend date was Wednesday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is presently 140.40%.
About Camden Property Trust
Camden Property Trust (NYSE:CPT) is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides rental housing to individuals and families through a portfolio of communities offering a range of apartment layouts, amenities, and resident services.
Camden focuses primarily on high-growth markets in the Sun Belt, including metropolitan areas in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, and Tennessee. Its communities are generally located in major urban and suburban markets and are managed through the company’s in-house property management platform.
Founded in 1993 and headquartered in Houston, Texas, Camden Property Trust has expanded through apartment development, acquisitions, and ongoing property renovations.
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