Camden Property Trust $CPT Shares Purchased by Naviter Wealth LLC

Naviter Wealth LLC lifted its holdings in Camden Property Trust (NYSE:CPT) by 16.2% in the second quarter, Holdings Channel reports. The firm owned 7,125 shares of the real estate investment trust’s stock after buying an additional 992 shares during the period. Naviter Wealth LLC’s holdings in Camden Property Trust were worth $810,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CPT. Millennium Management LLC boosted its position in shares of 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 worth $131,880,000 after purchasing an additional 1,017,388 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Camden Property Trust in the 1st quarter worth $123,882,000. Woodline Partners LP acquired a new stake in shares of Camden Property Trust in the 1st quarter worth $45,879,000. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 273,966 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position 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 purchasing an additional 192,133 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CPT. Royal Bank Of Canada dropped their price target on Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. boosted their price target on Camden Property Trust from $127.00 to $129.00 and gave the company an “underweight” rating in a research note on Tuesday, June 17th. Scotiabank dropped 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. Wall Street Zen upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Truist Financial dropped 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 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, the stock has an average rating of “Hold” and an average target price of $121.61.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $102.17 on Wednesday. The stock has a market cap of $10.92 billion, a PE ratio of 71.45, a price-to-earnings-growth ratio of 3.45 and a beta of 0.80. The business has a 50-day simple moving average of $107.20 and a 200-day simple moving average of $111.98. 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 has a 52-week low of $100.60 and a 52-week high of $127.65.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.01. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The business had revenue of $396.51 million during the quarter, compared to analysts’ expectations of $393.24 million. During the same quarter in the previous year, the firm posted $1.71 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. On average, equities analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be issued 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 dividend payout ratio is presently 293.71%.

Camden Property Trust Profile

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.