Camden Property Trust $CPT Shares Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its Camden Property Trust stake by 38.2% in the second quarter, owning 120,014 shares valued at approximately $13.7 million. Institutional investors collectively hold 97.22% of the company.
• Camden reported quarterly revenue of $396.1 million, up 7.4% year over year, but earnings per share of $0.18 fell well short of the $1.67 consensus estimate. Shares recently opened at $102.69, below their 50-day and 200-day moving averages.
• The REIT declared a quarterly dividend of $1.06 per share, equivalent to a 4.1% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $115.45.

Corient Private Wealth LP raised its position in Camden Property Trust (NYSE:CPT - Free Report) by 38.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,014 shares of the real estate investment trust's stock after acquiring an additional 33,175 shares during the quarter. Corient Private Wealth LP owned 0.12% of Camden Property Trust worth $13,740,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Camden Property Trust in the 2nd quarter worth $744,000. Greenland Capital Management LP increased its position 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 worth $1,030,000 after acquiring an additional 1,000 shares during the last quarter. Syon Capital LLC increased its position in shares of Camden Property Trust by 8.4% during the second quarter. Syon Capital LLC now owns 8,788 shares of the real estate investment trust's stock worth $1,006,000 after acquiring an additional 683 shares during the last quarter. NEOS Investment Management LLC lifted its stake in shares of Camden Property Trust by 12.0% in 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 acquiring an additional 4,135 shares in the last quarter. Finally, Nykredit A S acquired a new position in shares of Camden Property Trust in the second quarter worth about $688,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

Shares of CPT opened at $102.69 on Wednesday. The firm has a fifty day moving average of $109.47 and a 200-day moving average of $107.26. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 7.36 and a beta of 0.77. 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 has a 1 year low of $96.53 and a 1 year high of $119.81.

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 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.49). The firm had revenue of $396.07 million during the quarter, compared to the consensus estimate of $392.88 million. Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. 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. As a group, equities analysts anticipate that Camden Property Trust will post 6.75 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th will be given a dividend of $1.06 per share. The ex-dividend date is Wednesday, September 30th. This represents a $4.24 annualized dividend and a dividend yield of 4.1%. Camden Property Trust's payout ratio is currently 140.40%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CPT shares. 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. JPMorgan Chase & Co. upped their target price on Camden Property Trust from $113.00 to $114.00 and gave the company a "neutral" rating in a research report on Thursday, August 13th. Morgan Stanley reduced their target price on Camden Property Trust from $120.00 to $118.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 12th. Barclays raised their price target on shares of Camden Property Trust from $122.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Monday, August 17th. Finally, Cantor Fitzgerald upped their price target on shares of Camden Property Trust from $102.00 to $111.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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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