Jennison Associates LLC Acquires 472,623 Shares of Camden Property Trust $CPT

Jennison Associates LLC lifted its holdings in Camden Property Trust (NYSE:CPT) by 87.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,013,719 shares of the real estate investment trust’s stock after acquiring an additional 472,623 shares during the period. Jennison Associates LLC owned approximately 0.95% of Camden Property Trust worth $114,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPT. Millennium Management LLC increased its position in Camden Property Trust by 1,669.3% in the 1st quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust’s stock valued at $131,880,000 after buying an additional 1,017,388 shares in the last quarter. Nuveen LLC acquired a new position in Camden Property Trust during the 1st quarter valued at about $123,882,000. Woodline Partners LP purchased a new position in shares of Camden Property Trust in the 1st quarter worth approximately $45,879,000. JPMorgan Chase & Co. boosted its stake in shares of Camden Property Trust by 17.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust’s stock worth $227,942,000 after buying an additional 273,966 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Camden Property Trust by 9.2% in the 1st quarter. Wellington Management Group LLP now owns 2,271,077 shares of the real estate investment trust’s stock worth $277,753,000 after buying an additional 192,133 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CPT. Wells Fargo & Company lowered their price target on shares of Camden Property Trust from $112.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Camden Property Trust in a report on Wednesday, October 8th. Stifel Nicolaus raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 target price on the stock in a report on Tuesday, August 26th. Scotiabank lowered their target price on shares of Camden Property Trust from $136.00 to $133.00 and set a “sector perform” rating on the stock in a report on Thursday, August 14th. Finally, Barclays lowered their target price on shares of Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating on the stock in a report on Tuesday, September 30th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $121.61.

Camden Property Trust Trading Down 2.6%

Camden Property Trust stock opened at $101.44 on Wednesday. The stock has a market cap of $10.84 billion, a P/E ratio of 70.94, a PEG ratio of 3.53 and a beta of 0.80. Camden Property Trust has a fifty-two week low of $100.60 and a fifty-two week high of $127.65. The firm’s fifty day moving average price is $106.62 and its 200-day moving average price is $111.25. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping 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 company had revenue of $396.51 million during the quarter, compared to analyst estimates of $393.24 million. During the same period in the previous year, the business earned $1.71 earnings per share. The firm’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. Equities research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were given a $1.05 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $4.20 annualized dividend and a yield of 4.1%. Camden Property Trust’s payout ratio is 293.71%.

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.