Sequoia Financial Advisors LLC Invests $437,000 in Camden Property Trust $CPT

Sequoia Financial Advisors LLC acquired a new position in Camden Property Trust (NYSE:CPT) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 3,878 shares of the real estate investment trust’s stock, valued at approximately $437,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cape Investment Advisory Inc. bought a new position in Camden Property Trust in the 1st quarter worth approximately $37,000. IFP Advisors Inc boosted its holdings in Camden Property Trust by 45.7% in the 2nd quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 101 shares during the period. Tsfg LLC bought a new position in Camden Property Trust in the 1st quarter worth approximately $40,000. National Pension Service boosted its holdings in Camden Property Trust by 74.2% in the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 167 shares during the period. Finally, Allworth Financial LP boosted its holdings 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 buying an additional 158 shares during the period. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Stock Up 0.7%

Shares of NYSE:CPT opened at $103.11 on Tuesday. The firm has a fifty day moving average price of $106.93 and a two-hundred day moving average price of $111.46. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. Camden Property Trust has a one year low of $100.60 and a one year high of $127.65. The company has a market cap of $11.02 billion, a price-to-earnings ratio of 72.11, a PEG ratio of 3.47 and a beta of 0.80.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating the consensus estimate of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The firm had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. During the same period last year, the firm earned $1.71 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. Analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were issued 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 currently 293.71%.

Analyst Ratings Changes

CPT has been the subject of several analyst reports. Morgan Stanley cut their price objective on shares of Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Royal Bank Of Canada cut their price objective on shares of Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating for the company in a report on Monday, August 4th. Wall Street Zen raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Wells Fargo & Company cut their price target on shares of Camden Property Trust from $112.00 to $111.00 and set an “equal weight” rating for the company in a report on Monday, October 13th. Finally, Citigroup cut their price target on shares of Camden Property Trust from $138.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $121.61.

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.