Danske Bank A S Sells 58,200 Shares of Camden Property Trust $CPT

Key Points

• Danske Bank A/S sold 58,200 shares of Camden Property Trust, trimming its stake by 98.1% to just 1,100 shares valued at about $121,000.
• COO Laurie Baker sold 2,168 shares at an average price of $108.40, reducing her holding to 94,468 shares; company insiders now own about 1.90% of the stock.
• Camden launched a $600 million share repurchase plan (up to ~5.2% of shares) and recently posted an EPS beat (EPS $0.40 vs. $0.28 consensus); analysts’ consensus rating is "Hold" with an average price target of $114.30.

Danske Bank A S decreased its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 98.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,100 shares of the real estate investment trust's stock after selling 58,200 shares during the period. Danske Bank A S's holdings in Camden Property Trust were worth $121,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Legacy Wealth Asset Management LLC lifted its holdings in Camden Property Trust by 1.6% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 6,074 shares of the real estate investment trust's stock worth $669,000 after buying an additional 93 shares during the period. Norinchukin Bank The increased its holdings in shares of Camden Property Trust by 1.0% in the 3rd quarter. Norinchukin Bank The now owns 11,178 shares of the real estate investment trust's stock valued at $1,194,000 after acquiring an additional 107 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of Camden Property Trust by 5.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,157 shares of the real estate investment trust's stock worth $237,000 after acquiring an additional 114 shares in the last quarter. Turtle Creek Wealth Advisors LLC raised its position in shares of Camden Property Trust by 2.7% in the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 4,845 shares of the real estate investment trust's stock worth $533,000 after acquiring an additional 127 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in shares of Camden Property Trust by 5.3% during the 3rd quarter. Wealthfront Advisers LLC now owns 2,719 shares of the real estate investment trust's stock worth $290,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Insider Activity

In related news, COO Laurie Baker sold 2,168 shares of the firm's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $108.40, for a total transaction of $235,011.20. Following the sale, the chief operating officer directly owned 94,468 shares of the company's stock, valued at $10,240,331.20. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays dropped their price objective on Camden Property Trust from $119.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Friday, March 6th. Stifel Nicolaus set a $118.75 price target on shares of Camden Property Trust in a report on Friday, May 1st. Wells Fargo & Company cut their price objective on shares of Camden Property Trust from $110.00 to $106.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Camden Property Trust in a research note on Monday, April 20th. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $114.30.

Camden Property Trust Stock Up 0.2%

CPT stock opened at $104.91 on Thursday. The company has a market capitalization of $10.55 billion, a P/E ratio of 29.30, a price-to-earnings-growth ratio of 7.13 and a beta of 0.81. Camden Property Trust has a 12 month low of $96.53 and a 12 month high of $120.15. The firm's fifty day simple moving average is $102.56 and its 200-day simple moving average is $104.83. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.42 and a quick ratio of 0.14.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.12. Camden Property Trust had a net margin of 24.69% and a return on equity of 8.71%. The company had revenue of $390.92 million during the quarter, compared to the consensus estimate of $378.11 million. During the same period in the previous year, the firm posted $1.72 earnings per share. The firm's quarterly revenue was down .5% on a year-over-year basis. Camden Property Trust has set its FY 2026 guidance at 6.600-6.900 EPS and its Q2 2026 guidance at 1.650-1.690 EPS. As a group, equities research analysts forecast that Camden Property Trust will post 6.74 earnings per share for the current year.

Camden Property Trust declared that its board has initiated a stock repurchase plan on Thursday, February 5th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Camden Property Trust Company Profile

Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company's core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden's asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.

Camden's portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.

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