Camden Property Trust $CPT Shares Sold by Freestone Capital Holdings LLC

Key Points

• Freestone Capital Holdings LLC reduced its stake in Camden Property Trust by 40.7% during the first quarter, now holding 14,540 shares valued at approximately $1.78 million.
• Camden Property Trust's stock has a consensus target price of $124.94 with an average rating of "Hold" from various analysts, while the firm recently announced a quarterly dividend of $1.05.
• The company reported a 2.4% increase in quarterly revenue year-over-year, with earnings per share of $1.70 for the most recent quarter, exceeding expectations.

Freestone Capital Holdings LLC lessened its stake in Camden Property Trust (NYSE:CPT - Free Report) by 40.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,540 shares of the real estate investment trust's stock after selling 9,997 shares during the period. Freestone Capital Holdings LLC's holdings in Camden Property Trust were worth $1,778,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Centersquare Investment Management LLC increased its position in Camden Property Trust by 3.6% in the 1st quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust's stock valued at $319,711,000 after acquiring an additional 91,752 shares during the period. JPMorgan Chase & Co. boosted its holdings in Camden Property Trust by 17.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust's stock valued at $227,942,000 after purchasing an additional 273,966 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Camden Property Trust by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,592,266 shares of the real estate investment trust's stock valued at $184,763,000 after purchasing an additional 7,330 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Camden Property Trust by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,538,038 shares of the real estate investment trust's stock valued at $188,102,000 after purchasing an additional 23,488 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Camden Property Trust by 33.7% in the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after purchasing an additional 357,718 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial set a $131.00 price objective on Camden Property Trust and gave the company a "buy" rating in a report on Monday, May 19th. Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Barclays lowered their price objective on Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price objective on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a report on Tuesday, June 17th. Finally, Piper Sandler lowered their price objective on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $124.94.

Camden Property Trust Trading Up 0.8%

Shares of Camden Property Trust stock opened at $106.82 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69. The company has a market capitalization of $11.41 billion, a P/E ratio of 74.70, a P/E/G ratio of 3.63 and a beta of 0.78. The business has a 50 day moving average price of $112.59 and a 200 day moving average price of $115.62.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.01. The firm had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%. The company's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 EPS. Sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were issued a $1.05 dividend. The ex-dividend date was Monday, June 30th. This represents a $4.20 annualized dividend and a yield of 3.9%. Camden Property Trust's payout ratio is 293.71%.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.

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