Rhumbline Advisers Has $26.07 Million Holdings in Camden Property Trust $CPT

Rhumbline Advisers boosted its stake in Camden Property Trust (NYSE:CPT) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,380 shares of the real estate investment trust’s stock after purchasing an additional 10,014 shares during the period. Rhumbline Advisers’ holdings in Camden Property Trust were worth $26,074,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CPT. Geode Capital Management LLC grew its position in shares of Camden Property Trust by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,961,433 shares of the real estate investment trust’s stock valued at $332,432,000 after buying an additional 51,357 shares during the last quarter. Centersquare Investment Management LLC boosted its holdings in Camden Property Trust by 3.6% in 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 last quarter. Wellington Management Group LLP increased its position in Camden Property Trust by 9.2% during the 1st 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 purchasing an additional 192,133 shares during the period. JPMorgan Chase & Co. raised its holdings in Camden Property Trust by 0.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,869,638 shares of the real estate investment trust’s stock worth $210,690,000 after purchasing an additional 5,846 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Camden Property Trust by 1.6% in the 1st 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 purchasing an additional 23,488 shares during the period. 97.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial decreased their price objective on shares of Camden Property Trust from $131.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, August 27th. Bank of America decreased their price target on Camden Property Trust from $142.00 to $137.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Royal Bank Of Canada dropped their price objective on Camden Property Trust from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. Wall Street Zen upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Morgan Stanley lowered their target price on Camden Property Trust from $124.00 to $123.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Camden Property Trust has an average rating of “Hold” and an average price target of $117.99.

Camden Property Trust Stock Performance

Shares of CPT opened at $106.16 on Thursday. Camden Property Trust has a one year low of $97.17 and a one year high of $127.65. The company has a market cap of $11.30 billion, a PE ratio of 74.24, a P/E/G ratio of 3.31 and a beta of 0.81. The stock has a 50-day moving average of $103.50 and a 200-day moving average of $109.47. 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 posted its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.02. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The business had revenue of $398.24 million for the quarter, compared to the consensus estimate of $397.89 million. During the same period in the prior year, the business earned $1.71 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS. FY 2025 guidance at 6.830-6.87 EPS. On average, equities research analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were given a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.20 annualized dividend and a yield of 4.0%. Camden Property Trust’s dividend payout ratio (DPR) is presently 170.04%.

About Camden Property Trust

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.