Camden Property Trust $CPT Holdings Boosted by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth increased its Camden Property Trust stake by 1,188.3% in Q3, to 51,313 shares valued at about $4.96 million. Institutional investors collectively own 97.22% of the REIT.
• Analysts’ consensus rating is Hold, with a consensus price target of $111.62; 11 analysts rate the stock Hold, three Buy, and one Sell.
• Camden beat quarterly earnings estimates with EPS of $1.71 versus $1.69 expected, but revenue of $381.06 million missed forecasts and fell 3.7% year over year. The company’s quarterly dividend was $1.06 per share, an annualized yield of about 4.2%.

Ashton Thomas Private Wealth LLC raised its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 1,188.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,313 shares of the real estate investment trust's stock after acquiring an additional 47,330 shares during the period. Ashton Thomas Private Wealth LLC owned approximately 0.05% of Camden Property Trust worth $4,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jennison Associates LLC boosted its holdings in shares of 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 valued at $117,861,000 after acquiring an additional 603,997 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Camden Property Trust by 945.3% in the third quarter. State of Alaska Department of Revenue now owns 616,861 shares of the real estate investment trust's stock valued at $59,669,000 after purchasing an additional 557,850 shares during the period. Commonwealth Equity Services LLC lifted its position in Camden Property Trust by 11,442.8% in the third quarter. Commonwealth Equity Services LLC now owns 403,883 shares of the real estate investment trust's stock valued at $39,068,000 after purchasing an additional 400,384 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Camden Property Trust by 1,338.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 403,037 shares of the real estate investment trust's stock valued at $38,986,000 after purchasing an additional 375,027 shares in the last quarter. Finally, Calamos Advisors LLC boosted its holdings in Camden Property Trust by 303.3% in the 3rd quarter. Calamos Advisors LLC now owns 371,431 shares of the real estate investment trust's stock valued at $35,929,000 after purchasing an additional 279,336 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CPT shares. Jefferies Financial Group upgraded Camden Property Trust to a "hold" rating in a research report on Wednesday, July 22nd. Stifel Nicolaus set a $123.25 price target on Camden Property Trust in a report on Friday, July 31st. Royal Bank Of Canada reduced their price target on Camden Property Trust from $111.00 to $101.00 and set a "sector perform" rating for the company in a report on Tuesday, October 13th. Wall Street Zen upgraded Camden Property Trust from a "strong sell" rating to a "sell" rating in a research note on Saturday. Finally, Wells Fargo & Company dropped their price objective on Camden Property Trust from $110.00 to $103.00 and set an "equal weight" rating on the stock in a report on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $111.62.

Camden Property Trust Price Performance

NYSE:CPT opened at $99.83 on Friday. Camden Property Trust has a 12-month low of $95.30 and a 12-month high of $119.81. The company's 50-day moving average is $100.55 and its two-hundred day moving average is $105.83. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 7.39 and a beta of 0.75. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, November 5th. The real estate investment trust reported $1.71 EPS for the quarter, beating the consensus estimate of $1.69 by $0.02. Camden Property Trust had a return on equity of 26.99% and a net margin of 71.94%. The firm had revenue of $381.06 million during the quarter, compared to analyst estimates of $384.88 million. During the same period in the prior year, the firm posted $1.70 earnings per share. The business's quarterly revenue was down 3.7% compared to the same quarter last year. Research analysts expect that Camden Property Trust will post 6.75 EPS for the current year.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, September 30th were given a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, September 30th. Camden Property Trust's dividend payout ratio (DPR) is 140.40%.

More Camden Property Trust News

Here are the key news stories impacting Camden Property Trust this week:

• Positive Sentiment: Q3 funds from operations (FFO) were $1.71 per share, topping the $1.69 consensus and rising from $1.70 a year earlier. The company also cited improving leasing trends and lower property expenses. Camden Property's Q3 FFO Beats Estimates as Leasing Trends Improve
• Neutral Sentiment: Camden forecast Q4 core FFO of $1.63–$1.67 per share; the available report did not provide a comparable analyst estimate to gauge whether the outlook is above or below expectations. Camden Property Trust Q4 Core FFO Guidance
• Negative Sentiment: Revenue was $381.06 million, below analysts’ $384.88 million estimate and down 3.7% year over year. Reports also flagged weakness in same-property NOI, tempering the FFO beat and raising concerns about operating momentum. Camden Property Q3 FFO Higher, Revenue Lower; Issues Guidance

Camden Property Trust Company Profile

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas.

Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.

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