Camden Property Trust $CPT Stock Bought by TT Capital Management LLC

Key Points

• TT Capital Management increased its Camden Property Trust stake by 83.3% in the third quarter, owning 23,456 shares valued at approximately $2.27 million. Institutional investors collectively own 97.22% of the REIT.
• Analysts maintain a broadly neutral outlook, with 12 Hold, three Buy, and one Sell rating; the consensus price target is $112.08 versus a recent share price of $98.45.
• Camden declared a quarterly dividend of $1.06, equivalent to $4.24 annually and a 4.3% yield, although its payout ratio is elevated at 140.4%.

TT Capital Management LLC raised its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 83.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,456 shares of the real estate investment trust's stock after purchasing an additional 10,662 shares during the quarter. Camden Property Trust accounts for about 1.1% of TT Capital Management LLC's portfolio, making the stock its 20th largest position. TT Capital Management LLC's holdings in Camden Property Trust were worth $2,269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Squarepoint Ops LLC boosted its holdings in shares of Camden Property Trust by 3,804.2% in the second quarter. Squarepoint Ops LLC now owns 107,327 shares of the real estate investment trust's stock valued at $12,288,000 after purchasing an additional 104,578 shares during the period. CORDA Investment Management LLC. grew its holdings in shares of Camden Property Trust by 90.8% during 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 buying an additional 203,131 shares during the last quarter. Jennison Associates LLC boosted its position 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 valued at $117,861,000 after buying an additional 603,997 shares during the last quarter. Corient Private Wealth LP lifted its holdings in shares of Camden Property Trust by 38.2% in the 2nd quarter. Corient Private Wealth LP now owns 120,014 shares of the real estate investment trust's stock valued at $13,740,000 after buying an additional 33,175 shares during the period. Finally, Empyrean Capital Partners LP acquired a new position in Camden Property Trust in the first quarter valued at approximately $9,180,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Camden Property Trust from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 19th. UBS Group reduced their target price on shares of Camden Property Trust from $105.00 to $101.00 and set a "neutral" rating on the stock in a research note on Wednesday. Barclays reduced their price objective on shares of Camden Property Trust from $123.00 to $114.00 and set an "equal weight" rating on the stock in a report on Wednesday. Cantor Fitzgerald upped their target price on shares of Camden Property Trust from $102.00 to $111.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada dropped their price target on shares of Camden Property Trust from $111.00 to $101.00 and set a "sector perform" rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and a consensus price target of $112.08.

Camden Property Trust Stock Up 1.2%

Shares of NYSE CPT traded up $1.21 during mid-day trading on Thursday, hitting $98.45. The company had a trading volume of 221,650 shares, compared to its average volume of 1,133,120. The company has a market capitalization of $9.90 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 7.29 and a beta of 0.79. The business's 50-day simple moving average is $103.17 and its 200 day simple moving average is $106.51. Camden Property Trust has a 1-year low of $95.30 and a 1-year high of $119.81. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.18 and a quick ratio of 0.18.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.49). The company had revenue of $396.07 million during the quarter, compared to analysts' expectations of $392.88 million. Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. On average, analysts predict 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 issued a $1.06 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.3%. Camden Property Trust's dividend payout ratio is presently 140.40%.

About Camden Property Trust

Camden Property Trust NYSE: CPT is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides residential rental housing and related property-management services, with properties designed to serve a range of residents in major metropolitan areas.

Camden focuses primarily on high-growth markets in the Sun Belt, including communities in Texas, Florida, Georgia, North Carolina, Colorado, Arizona, Nevada, and Tennessee.

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