California State Teachers Retirement System Cuts Position in Camden Property Trust $CPT

California State Teachers Retirement System decreased its position in Camden Property Trust (NYSE:CPT - Free Report) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,976 shares of the real estate investment trust's stock after selling 11,447 shares during the quarter. California State Teachers Retirement System owned 0.11% of Camden Property Trust worth $12,820,132 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Jennison Associates LLC grew its stake in Camden Property Trust by 100.2% in the first quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust's stock worth $117,861,000 after purchasing an additional 603,997 shares in the last quarter. CORDA Investment Management LLC. boosted its stake in Camden Property Trust by 90.8% during the 1st quarter. CORDA Investment Management LLC. now owns 426,913 shares of the real estate investment trust's stock worth $41,692,000 after acquiring an additional 203,131 shares during the last quarter. Empyrean Capital Partners LP bought a new stake in Camden Property Trust during the first quarter worth about $9,180,000. Cbre Investment Management Listed Real Assets LLC raised its stake in Camden Property Trust by 32.4% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 269,117 shares of the real estate investment trust's stock worth $29,624,000 after purchasing an additional 65,919 shares in the last quarter. Finally, Maverick Capital Ltd. increased its holdings in Camden Property Trust by 1.6% in the 1st quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust's stock worth $182,416,000 after purchasing an additional 30,076 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Down 0.8%

Shares of Camden Property Trust stock traded down $0.86 during trading on Tuesday, reaching $102.97. The stock had a trading volume of 241,005 shares, compared to its average volume of 1,132,446. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 7.30 and a beta of 0.77. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25. The stock has a fifty day moving average price of $109.77 and a two-hundred day moving average price of $107.31. Camden Property Trust has a 52 week low of $96.53 and a 52 week high of $119.81.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results 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 business had revenue of $396.07 million for 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 company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 EPS. 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. Sell-side analysts predict that Camden Property Trust will post 6.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CPT has been the subject of several analyst reports. Cantor Fitzgerald raised their target price on Camden Property Trust from $102.00 to $111.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Weiss Ratings upgraded Camden Property Trust from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Mizuho lowered their target price on shares of Camden Property Trust from $125.00 to $116.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 8th. Wells Fargo & Company dropped their price objective on shares of Camden Property Trust from $113.00 to $110.00 and set an "equal weight" rating for the company in a report on Tuesday, September 1st. Finally, Piper Sandler raised their price objective on Camden Property Trust from $108.00 to $119.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $115.45.

Camden Property Trust 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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