KLP Kapitalforvaltning AS Has $4.25 Million Holdings in Camden Property Trust $CPT

KLP Kapitalforvaltning AS lifted its position in shares of Camden Property Trust (NYSE:CPT) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,429 shares of the real estate investment trust’s stock after purchasing an additional 2,100 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Camden Property Trust were worth $4,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cape Investment Advisory Inc. acquired a new stake in shares of Camden Property Trust during the 1st quarter worth approximately $37,000. Tsfg LLC acquired a new stake in shares of Camden Property Trust during the 1st quarter worth approximately $40,000. National Pension Service grew its holdings in shares of Camden Property Trust by 74.2% during the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 167 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Camden Property Trust by 47.4% during the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 158 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Camden Property Trust during the 1st quarter worth approximately $64,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $101.66 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market cap of $10.86 billion, a P/E ratio of 71.09, a P/E/G ratio of 3.46 and a beta of 0.80. The business’s fifty day moving average is $107.39 and its two-hundred day moving average is $112.33. Camden Property Trust has a 52 week low of $100.60 and a 52 week high of $127.65.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.01. The company had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 earnings per share. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.20 dividend on an annualized basis and a yield of 4.1%. Camden Property Trust’s payout ratio is currently 293.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CPT. Weiss Ratings reissued a “hold (c)” rating on shares of Camden Property Trust in a report on Wednesday. Wells Fargo & Company decreased their price target on Camden Property Trust from $120.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Scotiabank decreased their price target on Camden Property Trust from $136.00 to $133.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 14th. Barclays decreased their price target on Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 30th. Finally, Truist Financial decreased their price target on Camden Property Trust from $131.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, August 27th. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $121.73.

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.