Allianz Asset Management GmbH Sells 15,045 Shares of Camden Property Trust $CPT

Allianz Asset Management GmbH reduced its position in Camden Property Trust (NYSE:CPT) by 8.9% in the second quarter, Holdings Channel.com reports. The fund owned 154,297 shares of the real estate investment trust’s stock after selling 15,045 shares during the quarter. Allianz Asset Management GmbH’s holdings in Camden Property Trust were worth $17,388,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. IFP Advisors Inc raised its stake in Camden Property Trust by 45.7% in the second quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. Cape Investment Advisory Inc. purchased a new stake in Camden Property Trust in the first quarter valued at approximately $37,000. Tsfg LLC purchased a new stake in Camden Property Trust in the first quarter valued at approximately $40,000. National Pension Service raised its stake in Camden Property Trust by 74.2% in the first quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 167 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Camden Property Trust by 47.4% in the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 158 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Trading Up 0.6%

CPT stock opened at $102.50 on Monday. The company has a market capitalization of $10.95 billion, a PE ratio of 71.68, a price-to-earnings-growth ratio of 3.47 and a beta of 0.80. Camden Property Trust has a one year low of $100.60 and a one year high of $127.65. The company’s 50 day moving average price is $106.95 and its two-hundred day moving average price is $111.51. 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 issued its 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 net margin of 9.99% and a return on equity of 3.30%. The firm had revenue of $396.51 million for the quarter, compared to analysts’ expectations of $393.24 million. During the same quarter last year, the business earned $1.71 earnings per share. The business’s 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. As a group, analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were issued a $1.05 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $4.20 annualized dividend and a dividend yield of 4.1%. Camden Property Trust’s dividend payout ratio (DPR) is currently 293.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CPT shares. Cantor Fitzgerald started coverage on shares of Camden Property Trust in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $115.00 target price on the stock. The Goldman Sachs Group downgraded shares of Camden Property Trust from a “neutral” rating to a “sell” rating and lowered their target price for the company from $118.00 to $106.00 in a research note on Wednesday, September 17th. Wall Street Zen raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Royal Bank Of Canada decreased their price target 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. Finally, Stifel Nicolaus raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 price target on the stock in a research note on Tuesday, August 26th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $121.61.

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.