Camden Property Trust $CPT Position Raised by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its Camden Property Trust stake by 908.5% in the third quarter, ending with 51,758 shares worth approximately $5.0 million. Institutional investors collectively own 97.22% of the REIT.
• Camden shares opened at $102.05, near the lower half of their 12-month range, while analysts maintain an average “Hold” rating and a $111.62 price target.
• The company paid a quarterly dividend of $1.06 per share, equal to a 4.2% annualized yield; however, its 140.4% payout ratio exceeds reported earnings.

Crossmark Global Holdings Inc. increased its stake in Camden Property Trust (NYSE:CPT - Free Report) by 908.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 51,758 shares of the real estate investment trust's stock after purchasing an additional 46,626 shares during the quarter. Crossmark Global Holdings Inc. owned approximately 0.05% of Camden Property Trust worth $5,007,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Jennison Associates LLC grew its stake in shares of Camden Property Trust by 100.2% in the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust's stock valued at $117,861,000 after purchasing an additional 603,997 shares during the period. State of Alaska Department of Revenue grew 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 acquiring an additional 557,850 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Camden Property Trust by 1,338.9% in the third 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 acquiring an additional 375,027 shares during the period. CORDA Investment Management LLC. grew its position in Camden Property Trust by 90.8% in the first quarter. CORDA Investment Management LLC. now owns 426,913 shares of the real estate investment trust's stock valued at $41,692,000 after acquiring an additional 203,131 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Camden Property Trust by 49.7% during the first quarter. Renaissance Technologies LLC now owns 466,800 shares of the real estate investment trust's stock worth $45,588,000 after acquiring an additional 154,900 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Stock Performance

Shares of CPT opened at $102.05 on Friday. The firm has a fifty day simple moving average of $101.77 and a 200 day simple moving average of $106.52. Camden Property Trust has a 12 month low of $95.30 and a 12 month high of $119.81. 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 market capitalization of $10.26 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 7.65 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly 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 company 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 firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm 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. Research analysts forecast that Camden Property Trust will post 6.75 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th were paid a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Wednesday, September 30th. Camden Property Trust's payout ratio is currently 140.40%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Truist Financial reduced their target price on shares of Camden Property Trust from $123.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, September 25th. Stifel Nicolaus set a $123.25 price target on shares of Camden Property Trust in a research report on Friday, July 31st. UBS Group dropped their price objective on shares of Camden Property Trust from $105.00 to $101.00 and set a "neutral" rating for the company in a report on Wednesday, October 14th. JPMorgan Chase & Co. lifted their target price on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a "neutral" rating in a research note on Thursday, August 13th. Finally, Weiss Ratings downgraded Camden Property Trust from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, October 2nd. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $111.62.

Camden Property Trust Profile

Camden Property Trust NYSE: CPT is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides rental housing to individuals and families through a portfolio of communities offering a range of apartment layouts, amenities, and resident services.

Camden focuses primarily on high-growth markets in the Sun Belt, including metropolitan areas in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, and Tennessee. Its communities are generally located in major urban and suburban markets and are managed through the company's in-house property management platform.

Founded in 1993 and headquartered in Houston, Texas, Camden Property Trust has expanded through apartment development, acquisitions, and ongoing property renovations.

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