Camden Property Trust $CPT Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its stake in Camden Property Trust (NYSE:CPT) by 49.6% in the first quarter, Holdings Channel reports. The institutional investor owned 916,997 shares of the real estate investment trust’s stock after selling 901,803 shares during the quarter. Bank of America Corp DE’s holdings in Camden Property Trust were worth $89,554,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. bought a new position in Camden Property Trust during the 1st quarter valued at $791,000. Sunbelt Securities Inc. increased its position in shares of Camden Property Trust by 1,852.0% in the 1st quarter. Sunbelt Securities Inc. now owns 12,161 shares of the real estate investment trust’s stock worth $1,188,000 after purchasing an additional 11,538 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Camden Property Trust by 21.7% in the 1st quarter. California State Teachers Retirement System now owns 123,423 shares of the real estate investment trust’s stock worth $12,053,000 after purchasing an additional 21,990 shares during the last quarter. Empyrean Capital Partners LP acquired a new stake in shares of Camden Property Trust in the 1st quarter valued at about $9,180,000. Finally, Maverick Capital Ltd. raised its stake in shares of Camden Property Trust by 1.6% in the 1st quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust’s stock valued at $182,416,000 after purchasing an additional 30,076 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on CPT. Morgan Stanley increased their price target on shares of Camden Property Trust from $117.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Mizuho boosted their price objective on Camden Property Trust from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Scotiabank upped their price objective on Camden Property Trust from $102.00 to $109.00 and gave the company a “sector underperform” rating in a research note on Thursday, July 9th. Royal Bank Of Canada increased their target price on Camden Property Trust from $104.00 to $105.00 and gave the stock a “sector perform” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded Camden Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average target price of $117.25.

Camden Property Trust Stock Up 1.0%

Shares of NYSE:CPT opened at $111.86 on Friday. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 8.51 and a beta of 0.77. Camden Property Trust has a 1-year low of $96.53 and a 1-year high of $119.81. The company’s fifty day moving average is $112.88 and its two-hundred day moving average is $107.57. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.42 and a current ratio of 0.18.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.49). Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The business had revenue of $396.07 million during the quarter, compared to analyst estimates of $392.88 million. During the same period last year, the firm posted $1.70 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. Equities analysts anticipate that Camden Property Trust will post 6.74 EPS for the current year.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were issued a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $4.24 annualized dividend and a dividend yield of 3.8%. Camden Property Trust’s dividend payout ratio is 140.40%.

Camden Property Trust Company Profile

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.