Sterling Capital Management LLC increased its position in Camden Property Trust (NYSE:CPT – Free Report) by 907.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 29,862 shares of the real estate investment trust’s stock after buying an additional 26,898 shares during the period. Sterling Capital Management LLC’s holdings in Camden Property Trust were worth $2,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently bought and sold shares of CPT. Lido Advisors LLC lifted its position in Camden Property Trust by 4.5% during the 1st quarter. Lido Advisors LLC now owns 2,904 shares of the real estate investment trust’s stock worth $286,000 after acquiring an additional 124 shares during the last quarter. IFM Investors Pty Ltd grew its position in shares of Camden Property Trust by 0.8% in the first quarter. IFM Investors Pty Ltd now owns 17,312 shares of the real estate investment trust’s stock valued at $1,691,000 after purchasing an additional 132 shares during the last quarter. James T. Borello RIA grew its position in shares of Camden Property Trust by 76.3% in the third quarter. James T. Borello RIA now owns 409 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 177 shares during the last quarter. Patton Fund Management Inc. grew its position in shares of Camden Property Trust by 9.7% in the first quarter. Patton Fund Management Inc. now owns 2,318 shares of the real estate investment trust’s stock valued at $226,000 after purchasing an additional 205 shares during the last quarter. Finally, Summit Securities Group LLC grew its position in shares of Camden Property Trust by 169.6% in the first quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 268 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.
Analyst Upgrades and Downgrades
CPT has been the topic of a number of recent analyst reports. Barclays dropped their price objective on Camden Property Trust from $123.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $114.00 target price on shares of Camden Property Trust in a report on Monday, July 20th. Royal Bank Of Canada lowered their target price on Camden Property Trust from $111.00 to $101.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 13th. Wall Street Zen downgraded Camden Property Trust from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 17th. Finally, Morgan Stanley cut their price target on Camden Property Trust from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $111.62.
Read Our Latest Research Report on Camden Property Trust
Camden Property Trust Stock Performance
NYSE CPT opened at $102.05 on Monday. The company’s fifty day moving average is $101.77 and its two-hundred day moving average is $106.56. Camden Property Trust has a 52-week low of $95.30 and a 52-week high of $119.81. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 7.60 and a beta of 0.79.
Camden Property Trust (NYSE:CPT – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.49). The company had revenue of $396.07 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 EPS. 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. Equities research analysts forecast that Camden Property Trust will post 6.75 EPS for the current year.
Camden Property Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were issued a $1.06 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.24 annualized dividend and a yield of 4.2%. Camden Property Trust’s dividend payout ratio is 140.40%.
Camden Property Trust Profile
Camden Property Trust (NYSE:CPT) is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides rental housing to individuals and families through a portfolio of communities offering a range of apartment layouts, amenities, and resident services.
Camden focuses primarily on high-growth markets in the Sun Belt, including metropolitan areas in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, and Tennessee. Its communities are generally located in major urban and suburban markets and are managed through the company’s in-house property management platform.
Founded in 1993 and headquartered in Houston, Texas, Camden Property Trust has expanded through apartment development, acquisitions, and ongoing property renovations.
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