Bank of New York Mellon Corp Decreases Stake in Camden Property Trust $CPT

Bank of New York Mellon Corp lowered its holdings in Camden Property Trust (NYSE:CPT) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 803,104 shares of the real estate investment trust’s stock after selling 7,625 shares during the quarter. Bank of New York Mellon Corp’s holdings in Camden Property Trust were worth $90,502,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Cape Investment Advisory Inc. bought a new stake in shares of Camden Property Trust during the first quarter valued at about $37,000. IFP Advisors Inc grew its stake in Camden Property Trust by 45.7% during the second quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 101 shares in the last quarter. National Pension Service increased its holdings in Camden Property Trust by 74.2% during the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 167 shares during the period. Private Trust Co. NA increased its holdings in Camden Property Trust by 117.7% during the 2nd quarter. Private Trust Co. NA now owns 431 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 233 shares during the period. Finally, Allworth Financial LP lifted its stake in Camden Property Trust by 47.4% in the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 158 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CPT has been the topic of a number of recent analyst reports. Evercore ISI lowered their price objective on Camden Property Trust from $115.00 to $108.00 and set an “in-line” rating on the stock in a research report on Monday, November 3rd. Piper Sandler decreased their target price on Camden Property Trust from $130.00 to $117.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. Citigroup lowered their price target on Camden Property Trust from $138.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Camden Property Trust in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating on the stock in a research report on Monday, August 4th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and a consensus price target of $120.05.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $101.76 on Friday. The company has a market capitalization of $10.87 billion, a P/E ratio of 71.16, a PEG ratio of 3.31 and a beta of 0.81. Camden Property Trust has a fifty-two week low of $97.17 and a fifty-two week high of $127.65. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a 50 day moving average price of $105.10 and a two-hundred day moving average price of $110.64.

Camden Property Trust (NYSE:CPT) last posted its 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. The company had revenue of $398.24 million during the quarter, compared to analyst estimates of $397.89 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. Camden Property Trust’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 earnings per share. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS. FY 2025 guidance at 6.830-6.87 EPS. Analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were issued a $1.05 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $4.20 dividend on an annualized basis and a yield of 4.1%. Camden Property Trust’s dividend payout ratio is 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.