Sumitomo Mitsui Trust Group Inc. Increases Position in Camden Property Trust $CPT

Sumitomo Mitsui Trust Group Inc. grew its stake in Camden Property Trust (NYSE:CPT) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 304,624 shares of the real estate investment trust’s stock after buying an additional 6,864 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Camden Property Trust were worth $34,328,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Camden Property Trust by 1.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 16,789 shares of the real estate investment trust’s stock valued at $1,897,000 after buying an additional 253 shares in the last quarter. Highland Capital Management LLC boosted its stake in Camden Property Trust by 17.3% during the 2nd quarter. Highland Capital Management LLC now owns 24,767 shares of the real estate investment trust’s stock worth $2,791,000 after purchasing an additional 3,660 shares during the period. Fifth Third Bancorp boosted its stake in Camden Property Trust by 3.0% during the 2nd quarter. Fifth Third Bancorp now owns 5,331 shares of the real estate investment trust’s stock worth $601,000 after purchasing an additional 154 shares during the period. Yousif Capital Management LLC boosted its stake in Camden Property Trust by 43.1% during the 2nd quarter. Yousif Capital Management LLC now owns 23,711 shares of the real estate investment trust’s stock worth $2,672,000 after purchasing an additional 7,141 shares during the period. Finally, CWM LLC boosted its stake in Camden Property Trust by 319.3% during the 2nd quarter. CWM LLC now owns 9,417 shares of the real estate investment trust’s stock worth $1,061,000 after purchasing an additional 7,171 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on CPT shares. Wall Street Zen upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Morgan Stanley decreased their price target on shares of Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 13th. 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 for the company in a research note on Monday, August 4th. UBS Group reduced their target price on shares of Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Finally, Barclays reduced their target price on shares of Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating for the company in a research note on Tuesday, September 30th. 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. According to MarketBeat, Camden Property Trust presently has an average rating of “Hold” and a consensus price target of $121.61.

Camden Property Trust Stock Performance

Shares of CPT opened at $101.44 on Wednesday. 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 has a market cap of $10.84 billion, a P/E ratio of 70.94, a PEG ratio of 3.53 and a beta of 0.80. The company has a 50-day moving average of $106.62 and a two-hundred day moving average of $111.25. Camden Property Trust has a 12-month low of $100.60 and a 12-month high of $127.65.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $393.24 million. During the same quarter last year, the business earned $1.71 earnings per share. Camden Property Trust’s revenue 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, research analysts predict that Camden Property Trust will post 6.76 EPS 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 paid a $1.05 dividend. 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 dividend payout ratio (DPR) is currently 293.71%.

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.