Resona Asset Management Co. Ltd. Trims Stock Position in Camden Property Trust $CPT

Resona Asset Management Co. Ltd. trimmed its holdings in Camden Property Trust (NYSE:CPT) by 5.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,334 shares of the real estate investment trust’s stock after selling 3,566 shares during the period. Resona Asset Management Co. Ltd. owned 0.06% of Camden Property Trust worth $6,846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in shares of Camden Property Trust by 45.7% during the 2nd quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 101 shares during the period. Cape Investment Advisory Inc. purchased a new stake in Camden Property Trust in the first quarter valued at approximately $37,000. National Pension Service increased its position in Camden Property Trust by 74.2% during the first quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 167 shares during the last quarter. Private Trust Co. NA increased its position in Camden Property Trust by 117.7% during the second quarter. Private Trust Co. NA now owns 431 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 233 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Camden Property Trust by 47.4% during the first 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 during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Piper Sandler lowered their price objective on shares of Camden Property Trust from $130.00 to $117.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. The Goldman Sachs Group lowered Camden Property Trust from a “neutral” rating to a “sell” rating and cut their target price for the stock from $118.00 to $106.00 in a research report on Wednesday, September 17th. Wells Fargo & Company lowered their price target on Camden Property Trust from $112.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, October 13th. Scotiabank dropped their price target on Camden Property Trust from $126.00 to $115.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 4th. Finally, Stifel Nicolaus upgraded Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 price objective on the stock in a report on Tuesday, August 26th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and an average target price of $120.05.

Camden Property Trust Trading Up 2.5%

Shares of CPT opened at $101.76 on Monday. Camden Property Trust has a 12 month low of $97.17 and a 12 month high of $127.65. The stock’s 50-day moving average is $105.10 and its two-hundred day moving average is $110.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market cap of $10.87 billion, a PE ratio of 71.16, a P/E/G ratio of 3.31 and a beta of 0.81.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 EPS for the quarter, beating the consensus estimate of $1.68 by $0.02. The business had revenue of $398.24 million for the quarter, compared to the consensus estimate of $397.89 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The company’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $1.71 EPS. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS. FY 2025 guidance at 6.830-6.87 EPS. Equities analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company 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 170.04%.

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.