Camden Property Trust $CPT Shares Bought by Davis Selected Advisers

Davis Selected Advisers lifted its position in shares of Camden Property Trust (NYSE:CPT) by 13.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,120 shares of the real estate investment trust’s stock after acquiring an additional 10,470 shares during the quarter. Davis Selected Advisers owned 0.08% of Camden Property Trust worth $9,516,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC raised its stake in shares of Camden Property Trust by 384.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 28,279 shares of the real estate investment trust’s stock worth $3,020,000 after buying an additional 22,438 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Camden Property Trust by 7.8% in the third quarter. Allianz Asset Management GmbH now owns 166,280 shares of the real estate investment trust’s stock valued at $17,755,000 after buying an additional 11,983 shares in the last quarter. CORDA Investment Management LLC. boosted its stake in shares of Camden Property Trust by 2.4% in the third quarter. CORDA Investment Management LLC. now owns 214,028 shares of the real estate investment trust’s stock valued at $22,854,000 after buying an additional 5,097 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Camden Property Trust by 558.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 46,671 shares of the real estate investment trust’s stock worth $4,984,000 after acquiring an additional 39,578 shares during the period. Finally, Consolidated Investment Group LLC acquired a new position in Camden Property Trust during the third quarter worth $1,911,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Camden Property Trust

In related news, CFO Alexander J. Jessett sold 5,627 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $109.69, for a total transaction of $617,225.63. Following the completion of the transaction, the chief financial officer directly owned 141,821 shares in the company, valued at $15,556,345.49. The trade was a 3.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Laurie Baker sold 2,168 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $108.40, for a total value of $235,011.20. Following the completion of the sale, the chief operating officer directly owned 94,468 shares in the company, valued at approximately $10,240,331.20. The trade was a 2.24% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 54,625 shares of company stock valued at $5,995,193. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

CPT has been the subject of a number of recent analyst reports. UBS Group raised their target price on Camden Property Trust from $105.00 to $108.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Scotiabank lowered their price target on shares of Camden Property Trust from $115.00 to $113.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 4th. Piper Sandler set a $108.00 price target on shares of Camden Property Trust in a report on Tuesday, January 27th. JPMorgan Chase & Co. upgraded shares of Camden Property Trust from an “underweight” rating to a “neutral” rating and set a $116.00 price objective for the company in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Camden Property Trust in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $115.16.

Camden Property Trust Trading Down 1.4%

NYSE:CPT opened at $100.39 on Thursday. Camden Property Trust has a 52-week low of $97.17 and a 52-week high of $124.32. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $107.33 and a 200-day simple moving average of $106.12. The company has a market capitalization of $10.38 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 6.93 and a beta of 0.82.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.29). Camden Property Trust had a net margin of 24.43% and a return on equity of 8.36%. The business had revenue of $396.08 million during the quarter, compared to analyst estimates of $393.05 million. During the same period in the previous year, the company posted $1.73 earnings per share. Camden Property Trust’s 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. On average, equities research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

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

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $1.06 per share. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.2%. Camden Property Trust’s dividend payout ratio is 119.77%.

About Camden Property Trust

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.