Camden Property Trust $CPT Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lowered its holdings in Camden Property Trust (NYSE:CPT) by 5.6% in the second quarter, according to its most recent Form 13F filing with the SEC. 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.’s holdings in Camden Property Trust were worth $6,846,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc raised its position in shares of 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 valued at $36,000 after purchasing an additional 101 shares in the last quarter. Cape Investment Advisory Inc. acquired a new stake in shares of Camden Property Trust during the first quarter worth approximately $37,000. National Pension Service grew its position in shares of 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 buying an additional 167 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Camden Property Trust by 117.7% in the second quarter. Private Trust Co. NA now owns 431 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 233 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of Camden Property Trust by 47.4% in the first 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 last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Price Performance

CPT opened at $101.76 on Monday. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 71.16, a price-to-earnings-growth ratio of 3.31 and a beta of 0.81. Camden Property Trust has a fifty-two week low of $97.17 and a fifty-two week high of $127.65. The company’s 50-day moving average price is $105.10 and its 200 day moving average price is $110.61. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.02. The company had revenue of $398.24 million during 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%.Camden Property Trust’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 earnings per share. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS. FY 2025 guidance at 6.830-6.87 EPS. As a group, sell-side analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, September 30th. Camden Property Trust’s dividend payout ratio is presently 170.04%.

Wall Street Analyst Weigh In

A number of research firms have commented on CPT. Evercore ISI reduced their price objective on shares of Camden Property Trust from $115.00 to $108.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. Citigroup cut their target price on shares of Camden Property Trust from $138.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 14th. Royal Bank Of Canada decreased their price target on Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating for the company in a research note on Monday, August 4th. Morgan Stanley lowered their price objective on 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. Finally, Wells Fargo & Company cut their price objective on Camden Property Trust from $112.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Monday, October 13th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $120.05.

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.