Bank of America Corp DE Decreases Stock Holdings in Camden Property Trust $CPT

Key Points

• Bank of America cut its Camden Property Trust stake by 49.6% in the first quarter, selling 901,803 shares and retaining 916,997 shares valued at approximately $89.6 million. Institutional investors collectively own 97.22% of the REIT.
• Camden shares opened at $111.86, within a 12-month range of $96.53 to $119.81. The stock has a consensus “Hold” rating from analysts, with an average price target of $117.25.
• The company reported quarterly revenue of $396.07 million, up 7.4% year over year, but adjusted earnings per share of $0.18 missed estimates by $1.49. Camden also maintains a quarterly dividend of $1.06, equivalent to a 3.8% annualized yield.

Bank of America Corp DE lowered its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 49.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 916,997 shares of the real estate investment trust's stock after selling 901,803 shares during the period. Bank of America Corp DE owned approximately 0.91% of Camden Property Trust worth $89,554,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CPT. Clearstead Advisors LLC boosted its position in Camden Property Trust by 92.0% during the 4th quarter. Clearstead Advisors LLC now owns 288 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 138 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Camden Property Trust in the 2nd quarter valued at $32,000. Fulcrum Asset Management LLP purchased a new position in Camden Property Trust in the third quarter valued at about $32,000. MUFG Securities EMEA plc purchased a new position in Camden Property Trust in the second quarter valued at about $35,000. Finally, Summit Securities Group LLC lifted its stake in shares of Camden Property Trust by 169.6% during the first quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $111.86 on Friday. Camden Property Trust has a 12 month low of $96.53 and a 12 month 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 0.42. The firm has a market capitalization of $11.25 billion, a P/E ratio of 37.04, a P/E/G ratio of 8.51 and a beta of 0.77. The company's fifty day moving average price is $112.88 and its two-hundred day moving average price is $107.57.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced 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 business 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 revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. On average, research analysts anticipate that Camden Property Trust will post 6.74 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were issued a $1.06 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $4.24 dividend on an annualized basis and a yield of 3.8%. Camden Property Trust's dividend payout ratio is currently 140.40%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CPT. Scotiabank upped their target price on Camden Property Trust from $102.00 to $109.00 and gave the stock a "sector underperform" rating in a research report on Thursday, July 9th. Truist Financial raised their target price on Camden Property Trust from $118.00 to $123.00 and gave the company a "buy" rating in a report on Thursday, June 11th. Royal Bank Of Canada boosted their price target on Camden Property Trust from $104.00 to $105.00 and gave the stock a "sector perform" rating in a research report on Monday, May 4th. Evercore set a $114.00 price target on Camden Property Trust in a report on Friday. Finally, Morgan Stanley increased their price objective on shares of Camden Property Trust from $117.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $117.25.

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.

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