Edgestream Partners L.P. bought a new position in shares of Camden Property Trust (NYSE:CPT – Free Report) during the first quarter, Holdings Channel.com reports. The fund bought 8,095 shares of the real estate investment trust’s stock, valued at approximately $791,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its stake in Camden Property Trust by 1,852.0% in the first quarter. Sunbelt Securities Inc. now owns 12,161 shares of the real estate investment trust’s stock worth $1,188,000 after acquiring 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 valued at $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 $9,180,000. Maverick Capital Ltd. raised its holdings 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. Finally, Entropy Technologies LP purchased a new stake in shares of Camden Property Trust during the 1st quarter worth $357,000. Institutional investors and hedge funds own 97.22% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently commented on CPT. Scotiabank boosted their target price on shares of Camden Property Trust from $102.00 to $109.00 and gave the stock a “sector underperform” rating in a research note on Thursday, July 9th. Wall Street Zen cut Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. UBS Group decreased their price target on Camden Property Trust from $108.00 to $106.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Mizuho upped their price objective on Camden Property Trust from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Finally, Wells Fargo & Company increased their price objective on Camden Property Trust from $107.00 to $113.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $117.19.
Camden Property Trust Stock Performance
Shares of CPT stock opened at $111.01 on Wednesday. The stock’s 50-day moving average is $112.65 and its two-hundred day moving average is $107.51. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 8.42 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 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 – Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.49). The firm had revenue of $396.07 million during the quarter, compared to analysts’ expectations of $392.88 million. Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 earnings per share. 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. Analysts predict that Camden Property Trust will post 6.74 earnings per share for the current year.
Camden Property Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were issued a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Camden Property Trust’s dividend payout ratio is presently 140.40%.
Camden Property Trust 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.
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