Legal & General Group Plc Lowers Stock Position in Camden Property Trust $CPT

Legal & General Group Plc cut its holdings in shares of Camden Property Trust (NYSE:CPT) by 13.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 732,816 shares of the real estate investment trust’s stock after selling 118,698 shares during the quarter. Legal & General Group Plc’s holdings in Camden Property Trust were worth $80,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Legacy Wealth Asset Management LLC grew its position in shares of Camden Property Trust by 1.6% during the fourth 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 last quarter. Hantz Financial Services Inc. grew its position in shares of Camden Property Trust by 38.1% during the fourth quarter. Hantz Financial Services Inc. now owns 388 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 107 shares during the last quarter. Norinchukin Bank The grew its position in shares of Camden Property Trust by 1.0% during the third quarter. Norinchukin Bank The now owns 11,178 shares of the real estate investment trust’s stock worth $1,194,000 after acquiring an additional 107 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Camden Property Trust by 5.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 2,157 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 114 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC grew its position in shares of Camden Property Trust by 2.7% during the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 4,845 shares of the real estate investment trust’s stock worth $533,000 after acquiring an additional 127 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore set a $107.00 target price on shares of Camden Property Trust in a research report on Friday, May 1st. Wall Street Zen lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Scotiabank lowered shares of Camden Property Trust from a “sector perform” rating to a “sector underperform” rating and lowered their target price for the stock from $113.00 to $95.00 in a research report on Thursday, May 14th. UBS Group lowered their price objective on shares of Camden Property Trust from $108.00 to $106.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Finally, Wells Fargo & Company lowered their price objective on shares of Camden Property Trust from $110.00 to $106.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $112.98.

Camden Property Trust Stock Performance

NYSE:CPT opened at $106.56 on Friday. The firm’s fifty day moving average price is $102.66 and its 200 day moving average price is $105.27. Camden Property Trust has a 1-year low of $96.53 and a 1-year high of $119.00. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 8.03 and a beta of 0.81.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. Camden Property Trust had a net margin of 24.69% and a return on equity of 8.71%. The firm had revenue of $390.92 million for the quarter, compared to analyst estimates of $378.11 million. During the same period last year, the firm posted $1.72 EPS. Camden Property Trust’s quarterly revenue was down .5% on a year-over-year basis. 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. On average, sell-side analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust announced that its Board of Directors has approved a stock repurchase program on Thursday, February 5th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.