Camden Property Trust $CPT Shares Sold by US Bancorp DE

US Bancorp DE lowered its position in shares of Camden Property Trust (NYSE:CPT) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,061 shares of the real estate investment trust’s stock after selling 268 shares during the quarter. US Bancorp DE’s holdings in Camden Property Trust were worth $570,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Centersquare Investment Management LLC boosted its position in 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 worth $319,711,000 after acquiring an additional 91,752 shares during the last quarter. Wellington Management Group LLP boosted its position in 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 acquiring an additional 192,133 shares during the last quarter. JPMorgan Chase & Co. boosted its position in 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 worth $227,942,000 after acquiring an additional 273,966 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 worth $188,102,000 after acquiring an additional 23,488 shares during the last quarter. Finally, Northern Trust Corp boosted its position in 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 worth $177,583,000 after acquiring an additional 31,955 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CPT. UBS Group decreased their target price on shares of Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 15th. Wells Fargo & Company decreased their price target on shares of Camden Property Trust from $112.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, October 13th. Stifel Nicolaus upgraded 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 report on Tuesday, August 26th. Barclays decreased their price target on shares of Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating on the stock in a report on Tuesday, September 30th. Finally, Evercore ISI decreased their price target on shares of Camden Property Trust from $116.00 to $115.00 and set an “in-line” rating on the stock in a report on Monday, October 13th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $121.61.

Camden Property Trust Stock Performance

NYSE:CPT opened at $102.50 on Monday. 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 firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 71.68, a PEG ratio of 3.47 and a beta of 0.80. The firm’s fifty day simple moving average is $106.95 and its 200 day simple moving average is $111.51. Camden Property Trust has a twelve month low of $100.60 and a twelve month high of $127.65.

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

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders 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 dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Camden Property Trust’s payout ratio is presently 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.