Sequoia Financial Advisors LLC boosted its position in shares of Camden Property Trust (NYSE:CPT – Free Report) by 336.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 11,030 shares of the real estate investment trust’s stock after acquiring an additional 8,504 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Camden Property Trust were worth $1,214,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC lifted its position in Camden Property Trust by 1.6% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,074 shares of the real estate investment trust’s stock worth $669,000 after acquiring an additional 93 shares during the period. Norinchukin Bank The raised its stake in shares of Camden Property Trust by 1.0% during the 3rd quarter. Norinchukin Bank The now owns 11,178 shares of the real estate investment trust’s stock valued at $1,194,000 after buying an additional 107 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Camden Property Trust by 5.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 2,157 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 114 shares during the last quarter. Turtle Creek Wealth Advisors LLC raised its stake in shares of Camden Property Trust by 2.7% during the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 4,845 shares of the real estate investment trust’s stock valued at $533,000 after buying an additional 127 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its stake in shares of Camden Property Trust by 5.3% during the 3rd quarter. Wealthfront Advisers LLC now owns 2,719 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 136 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.
Insider Activity
In related news, COO Laurie Baker sold 2,168 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $108.40, for a total value of $235,011.20. Following the completion of the sale, the chief operating officer owned 94,468 shares in the company, valued at $10,240,331.20. This trade represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.
Camden Property Trust Stock Up 0.3%
Camden Property Trust (NYSE:CPT – Get Free Report) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.28 by $0.12. The firm had revenue of $390.92 million for the quarter, compared to analyst estimates of $378.11 million. Camden Property Trust had a return on equity of 8.71% and a net margin of 24.69%.Camden Property Trust’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.72 earnings per share. Camden Property Trust has set its FY 2026 guidance at 6.600-6.900 EPS and its Q2 2026 guidance at 1.650-1.690 EPS. As a group, equities analysts predict that Camden Property Trust will post 6.74 EPS for the current fiscal year.
Camden Property Trust announced that its board has initiated a share buyback plan on Thursday, February 5th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 5.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on CPT. Royal Bank Of Canada lifted their price objective on Camden Property Trust from $104.00 to $105.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. Barclays raised their price objective on Camden Property Trust from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Monday. Stifel Nicolaus set a $118.75 price objective on Camden Property Trust in a report on Friday, May 1st. Morgan Stanley dropped their price objective on Camden Property Trust from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Camden Property Trust in a research note on Monday, April 20th. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $114.36.
Read Our Latest Stock Analysis on CPT
About Camden Property Trust
Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.
Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.
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