Camden Property Trust $CPT Shares Sold by Cbre Investment Management Listed Real Assets LLC

Key Points

• Cbre Investment Management Listed Real Assets LLC has reduced its stake in Camden Property Trust (NYSE:CPT) by 19.4%, owning approximately 302,900 shares worth $37.04 million at the end of the 1st quarter.
• Several major hedge funds have recently made moves regarding Camden Property Trust, with Nuveen LLC purchasing a new position worth $123.88 million and GAMMA Investing LLC increasing its stake by 12,973.9%.
• Camden Property Trust's stock increased by 1.2%, with analysts maintaining a consensus rating of "Hold" and a target price of $124.94, despite varied ratings from different agencies.

Cbre Investment Management Listed Real Assets LLC lessened its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 19.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 302,900 shares of the real estate investment trust's stock after selling 72,853 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned approximately 0.28% of Camden Property Trust worth $37,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPT. Smartleaf Asset Management LLC raised its holdings in shares of Camden Property Trust by 16.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust's stock worth $76,000 after acquiring an additional 89 shares during the period. Aew Capital Management L P raised its holdings in shares of Camden Property Trust by 0.9% during the 1st quarter. Aew Capital Management L P now owns 159,915 shares of the real estate investment trust's stock worth $19,558,000 after acquiring an additional 1,460 shares during the period. AlphaQuest LLC purchased a new position in shares of Camden Property Trust during the 1st quarter worth $2,467,000. Allstate Corp raised its holdings in shares of Camden Property Trust by 304.3% during the 1st quarter. Allstate Corp now owns 13,102 shares of the real estate investment trust's stock worth $1,602,000 after acquiring an additional 9,861 shares during the period. Finally, 1832 Asset Management L.P. purchased a new position in shares of Camden Property Trust during the 1st quarter worth $8,561,000. Institutional investors and hedge funds own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their price target on Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating on the stock in a report on Wednesday. Morgan Stanley reduced their price target on Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Evercore ISI reduced their price target on Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating on the stock in a report on Tuesday, August 12th. Mizuho reduced their price target on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a report on Tuesday, June 17th. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $124.04.

Camden Property Trust Trading Up 1.3%

CPT traded up $1.41 on Wednesday, hitting $110.61. The company had a trading volume of 705,278 shares, compared to its average volume of 983,808. The firm has a market cap of $11.82 billion, a P/E ratio of 77.35, a PEG ratio of 3.69 and a beta of 0.78. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69. The company's fifty day moving average price is $111.36 and its 200 day moving average price is $115.25. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.01. The company 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%.Camden Property Trust's revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 EPS. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. As a group, equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's payout ratio is currently 293.71%.

Camden Property Trust 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.