KLP Kapitalforvaltning AS Purchases 2,100 Shares of Camden Property Trust $CPT

KLP Kapitalforvaltning AS increased its position in shares of Camden Property Trust (NYSE:CPT) by 5.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 37,429 shares of the real estate investment trust’s stock after purchasing an additional 2,100 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Camden Property Trust were worth $4,251,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Centersquare Investment Management LLC lifted its stake in shares of Camden Property Trust by 3.6% during the first quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust’s stock valued at $319,711,000 after acquiring an additional 91,752 shares during the period. Wellington Management Group LLP lifted its stake in shares of Camden Property Trust by 9.2% during the first quarter. Wellington Management Group LLP now owns 2,271,077 shares of the real estate investment trust’s stock valued at $277,753,000 after acquiring an additional 192,133 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Camden Property Trust by 17.2% during the first quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust’s stock valued at $227,942,000 after acquiring an additional 273,966 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Camden Property Trust by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,538,038 shares of the real estate investment trust’s stock valued at $188,102,000 after acquiring an additional 23,488 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Camden Property Trust by 2.3% during the first quarter. Northern Trust Corp now owns 1,452,031 shares of the real estate investment trust’s stock valued at $177,583,000 after acquiring an additional 31,955 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analysts Set New Price Targets

CPT has been the topic of several research reports. Wells Fargo & Company cut their price target on Camden Property Trust from $120.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Piper Sandler cut their price target on Camden Property Trust from $130.00 to $117.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. Evercore ISI upped their price objective on Camden Property Trust from $114.00 to $116.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Truist Financial dropped their price objective on Camden Property Trust from $131.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, August 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Camden Property Trust in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $121.73.

Camden Property Trust Stock Down 0.3%

Shares of Camden Property Trust stock opened at $101.66 on Friday. Camden Property Trust has a 1 year low of $100.60 and a 1 year high of $127.65. The business has a 50-day moving average of $107.39 and a two-hundred day moving average of $112.33. The company has a market capitalization of $10.86 billion, a P/E ratio of 71.09, a price-to-earnings-growth ratio of 3.46 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18.

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 company had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. During the same period in the prior year, the company earned $1.71 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. 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, equities analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, September 30th. Camden Property Trust’s dividend payout ratio is 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.