Rhumbline Advisers Sells 7,783 Shares of Camden Property Trust $CPT

Rhumbline Advisers lessened its stake in Camden Property Trust (NYSE:CPT) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 223,597 shares of the real estate investment trust’s stock after selling 7,783 shares during the period. Rhumbline Advisers’ holdings in Camden Property Trust were worth $23,876,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Camden Property Trust by 2.0% in the 2nd quarter. State Street Corp now owns 7,452,448 shares of the real estate investment trust’s stock worth $847,524,000 after acquiring an additional 147,684 shares during the period. Geode Capital Management LLC increased its holdings in Camden Property Trust by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,961,433 shares of the real estate investment trust’s stock valued at $332,432,000 after buying an additional 51,357 shares during the period. Invesco Ltd. raised its stake in shares of Camden Property Trust by 34.5% in the 2nd quarter. Invesco Ltd. now owns 2,375,058 shares of the real estate investment trust’s stock valued at $267,645,000 after buying an additional 609,697 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Camden Property Trust by 0.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,869,638 shares of the real estate investment trust’s stock worth $210,690,000 after acquiring an additional 5,846 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Camden Property Trust by 4.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,604,077 shares of the real estate investment trust’s stock valued at $180,763,000 after acquiring an additional 66,039 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Scotiabank dropped their price target on shares of Camden Property Trust from $126.00 to $115.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 4th. UBS Group increased their target price on Camden Property Trust from $105.00 to $108.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Piper Sandler set a $108.00 price target on Camden Property Trust in a research note on Tuesday, January 27th. Bank of America dropped their price objective on Camden Property Trust from $142.00 to $137.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Camden Property Trust in a research note on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $117.15.

Insider Transactions at Camden Property Trust

In other news, CFO Alexander J. Jessett sold 5,627 shares of Camden Property Trust stock in a transaction on Monday, January 5th. The stock was sold at an average price of $109.69, for a total value of $617,225.63. Following the completion of the sale, the chief financial officer directly owned 141,821 shares of the company’s stock, valued at approximately $15,556,345.49. This trade represents a 3.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Heather J. Brunner sold 2,104 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $109.69, for a total value of $230,787.76. Following the completion of the transaction, the director owned 10,205 shares in the company, valued at approximately $1,119,386.45. This represents a 17.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 52,288 shares of company stock valued at $5,741,857 over the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

Camden Property Trust Price Performance

Shares of CPT stock opened at $108.50 on Tuesday. Camden Property Trust has a 52 week low of $97.17 and a 52 week high of $126.55. The stock has a market capitalization of $11.22 billion, a PE ratio of 30.65, a PEG ratio of 7.28 and a beta of 0.82. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.14 and a current ratio of 0.14. The stock’s fifty day moving average is $107.99 and its 200-day moving average is $106.34.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.29). Camden Property Trust had a return on equity of 8.36% and a net margin of 24.43%.The company had revenue of $396.08 million for the quarter, compared to analyst estimates of $393.05 million. During the same quarter last year, the company earned $1.73 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Camden Property Trust has set its Q1 2026 guidance at 1.640-1.680 EPS and its FY 2026 guidance at 6.600-6.900 EPS. Equities research analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.24 annualized dividend and a yield of 3.9%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.05. Camden Property Trust’s dividend payout ratio (DPR) is currently 118.64%.

Camden Property Trust announced that its board has authorized a stock buyback program on Thursday, February 5th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Camden Property Trust Company 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.