California State Teachers Retirement System Grows Stake in Camden Property Trust $CPT

California State Teachers Retirement System grew its position in Camden Property Trust (NYSE:CPT - Free Report) by 10,287.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,820,132 shares of the real estate investment trust's stock after buying an additional 12,696,709 shares during the quarter. California State Teachers Retirement System owned 12.75% of Camden Property Trust worth $1,467,777,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPT. Greenland Capital Management LP boosted its stake in shares of Camden Property Trust by 12.5% during the second quarter. Greenland Capital Management LP now owns 9,000 shares of the real estate investment trust's stock valued at $1,030,000 after purchasing an additional 1,000 shares in the last quarter. Syon Capital LLC grew its holdings in Camden Property Trust by 8.4% in the second quarter. Syon Capital LLC now owns 8,788 shares of the real estate investment trust's stock worth $1,006,000 after purchasing an additional 683 shares during the last quarter. NEOS Investment Management LLC increased its position in shares of Camden Property Trust by 12.0% during the second quarter. NEOS Investment Management LLC now owns 38,653 shares of the real estate investment trust's stock worth $4,425,000 after purchasing an additional 4,135 shares in the last quarter. Nykredit A S acquired a new position in shares of Camden Property Trust during the second quarter worth $688,000. Finally, New Mexico Educational Retirement Board boosted its position in shares of Camden Property Trust by 6.1% in the 2nd quarter. New Mexico Educational Retirement Board now owns 5,200 shares of the real estate investment trust's stock worth $595,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $103.03 on Friday. Camden Property Trust has a one year low of $96.53 and a one year high of $119.81. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 7.26 and a beta of 0.77. The business's 50 day moving average price is $110.03 and its 200 day moving average price is $107.35. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.18 and a current ratio of 0.18.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.49). The company had revenue of $396.07 million during the quarter, compared to analyst estimates of $392.88 million. Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%.The business's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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 predict that Camden Property Trust will post 6.75 EPS for the current year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.1%. Camden Property Trust's dividend payout ratio is currently 140.40%.

Analyst Ratings Changes

Several research firms have recently commented on CPT. Piper Sandler lifted their price objective on shares of Camden Property Trust from $108.00 to $119.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Scotiabank raised their target price on Camden Property Trust from $102.00 to $109.00 and gave the stock a "sector underperform" rating in a research note on Thursday, July 9th. Weiss Ratings upgraded Camden Property Trust from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Mizuho lowered their price target on Camden Property Trust from $125.00 to $116.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, Truist Financial boosted their price target on Camden Property Trust from $118.00 to $123.00 and gave the company a "buy" rating in a research note on Thursday, June 11th. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust presently has an average rating of "Hold" and an average target price of $115.52.

Camden Property Trust Company Profile

Camden Property Trust NYSE: CPT is a real estate investment trust that owns, develops, acquires, and manages apartment communities. Its portfolio is focused primarily on multifamily housing, with properties offering a range of apartment floor plans and amenities designed for renters in urban and suburban markets.

The company serves residents across several major metropolitan areas in the U.S. Sun Belt, including markets in Texas, Colorado, Arizona, California, Georgia, North Carolina, Florida, and Tennessee.

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