Camden Property Trust $CPT Shares Purchased by CORDA Investment Management LLC.

CORDA Investment Management LLC. boosted its stake in Camden Property Trust (NYSE:CPT) by 0.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 208,931 shares of the real estate investment trust’s stock after acquiring an additional 1,807 shares during the period. Camden Property Trust makes up approximately 1.7% of CORDA Investment Management LLC.’s portfolio, making the stock its 28th largest position. CORDA Investment Management LLC.’s holdings in Camden Property Trust were worth $23,544,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Millennium Management LLC lifted its position in shares of Camden Property Trust by 1,669.3% in the first quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust’s stock valued at $131,880,000 after acquiring an additional 1,017,388 shares in the last quarter. Nuveen LLC purchased a new position in Camden Property Trust in the 1st quarter valued at about $123,882,000. Woodline Partners LP purchased a new position in Camden Property Trust in the 1st quarter valued at about $45,879,000. JPMorgan Chase & Co. boosted its stake in shares of Camden Property Trust by 17.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust’s stock worth $227,942,000 after purchasing an additional 273,966 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings 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 worth $277,753,000 after buying an additional 192,133 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CPT shares. The Goldman Sachs Group downgraded shares of Camden Property Trust from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $118.00 to $106.00 in a research note on Wednesday, September 17th. Scotiabank reduced their price target on Camden Property Trust from $136.00 to $133.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 14th. Barclays lowered their price objective on Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating for the company in a research report on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Camden Property Trust in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $121.61.

Camden Property Trust Trading Up 0.6%

Shares of CPT opened at $102.50 on Monday. Camden Property Trust has a twelve month low of $100.60 and a twelve month high of $127.65. The firm has a market capitalization of $10.95 billion, a P/E ratio of 71.68, a price-to-earnings-growth ratio of 3.47 and a beta of 0.80. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $106.95 and its 200 day simple moving average is $111.51.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping the consensus estimate of $1.69 by $0.01. The company had revenue of $396.51 million during the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.71 earnings per share. 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 research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Camden Property Trust’s 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.