Camden Property Trust $CPT Stock Position Increased by IFP Advisors Inc

Key Points

• IFP Advisors increased its Camden Property Trust position by 80,855.8% in the third quarter, acquiring 62,259 additional shares for a total stake valued at approximately $6.03 million. Institutional investors collectively own 97.22% of the REIT.
• Camden Property Trust shares opened at $98.56, near the lower end of their 52-week range of $95.30 to $119.81. Analysts maintain a consensus “Hold” rating with an average price target of $112.08.
• The company paid a quarterly dividend of $1.06 per share, equivalent to an annualized $4.24 dividend and a 4.3% yield. Its latest quarterly revenue rose 7.4% year over year to $396.07 million, though earnings per share fell short of estimates.

IFP Advisors Inc increased its position in Camden Property Trust (NYSE:CPT - Free Report) by 80,855.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 62,336 shares of the real estate investment trust's stock after purchasing an additional 62,259 shares during the period. IFP Advisors Inc owned 0.06% of Camden Property Trust worth $6,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Squarepoint Ops LLC increased its position in Camden Property Trust by 3,804.2% during the second quarter. Squarepoint Ops LLC now owns 107,327 shares of the real estate investment trust's stock worth $12,288,000 after buying an additional 104,578 shares during the period. CORDA Investment Management LLC. lifted its stake 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 buying an additional 203,131 shares during the last quarter. 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 during the period. Corient Private Wealth LP boosted its holdings in shares of Camden Property Trust by 38.2% in the second quarter. Corient Private Wealth LP now owns 120,014 shares of the real estate investment trust's stock valued at $13,740,000 after acquiring an additional 33,175 shares during the period. Finally, Empyrean Capital Partners LP acquired a new stake in shares of Camden Property Trust in the first quarter valued at approximately $9,180,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Down 0.0%

Shares of Camden Property Trust stock opened at $98.56 on Monday. The company has a market cap of $9.91 billion, a P/E ratio of 32.64, a PEG ratio of 7.34 and a beta of 0.79. 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 one year low of $95.30 and a one year high of $119.81. The firm has a fifty day moving average of $102.65 and a two-hundred day moving average of $106.53.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 EPS 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 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 was up 7.4% on a year-over-year basis. During the same quarter last 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 forecast that Camden Property Trust will post 6.75 earnings per share for the current year.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were given a dividend of $1.06 per share. The ex-dividend date was Wednesday, September 30th. This represents a $4.24 annualized dividend and a yield of 4.3%. Camden Property Trust's payout ratio is presently 140.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CPT shares. Cantor Fitzgerald lifted their target price 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. Piper Sandler decreased their price target on shares of Camden Property Trust from $119.00 to $102.00 and set a "neutral" rating for the company in a research note on Monday, October 12th. Morgan Stanley decreased their price target on shares of 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. Jefferies Financial Group raised shares of Camden Property Trust to a "hold" rating in a research report on Wednesday, July 22nd. Finally, Mizuho dropped their price objective on shares of Camden Property Trust from $125.00 to $116.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 8th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Camden Property Trust has an average rating of "Hold" and an average target price of $112.08.

Camden Property Trust Company Profile

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.

Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.