Harvest Portfolios Group Inc. Has $1.14 Million Position in Camden Property Trust $CPT

Key Points

• Harvest Portfolios Group Inc. reduced its stake in Camden Property Trust by 22.4%, selling 2,684 shares and holding a total of 9,308 shares worth approximately $1.14 million.
• Camden Property Trust reported a quarterly EPS of $1.70, exceeding analysts' expectations, with a revenue of $396.51 million reflecting a 2.4% year-over-year growth.
• The company's most recent quarterly dividend was $1.05 per share, resulting in an annualized dividend yield of 3.8%, despite a high payout ratio of 293.71%.

Harvest Portfolios Group Inc. decreased its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 22.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,308 shares of the real estate investment trust's stock after selling 2,684 shares during the period. Harvest Portfolios Group Inc.'s holdings in Camden Property Trust were worth $1,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Centersquare Investment Management LLC lifted its position in Camden Property Trust by 3.6% during the 1st quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust's stock worth $319,711,000 after buying an additional 91,752 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Camden Property Trust by 9.2% in the first quarter. Wellington Management Group LLP now owns 2,271,077 shares of the real estate investment trust's stock valued at $277,753,000 after acquiring an additional 192,133 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Camden Property Trust by 17.2% in the first quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust's stock valued at $227,942,000 after acquiring an additional 273,966 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Camden Property Trust by 1.6% in the first 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 acquiring an additional 23,488 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Camden Property Trust by 2.3% in the first quarter. Northern Trust Corp now owns 1,452,031 shares of the real estate investment trust's stock valued at $177,583,000 after acquiring an additional 31,955 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Stock Up 1.2%

Shares of NYSE CPT traded up $1.30 during mid-day trading on Monday, reaching $112.04. 714,411 shares of the company's stock were exchanged, compared to its average volume of 886,710. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 78.35, a PEG ratio of 3.80 and a beta of 0.80. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $111.10 and a 200 day simple moving average of $115.06. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The business 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 quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned $1.71 earnings per share. 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 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.7%. Camden Property Trust's payout ratio is 293.71%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CPT. Barclays cut their target price on Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company cut their target price on Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Piper Sandler cut their target price on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Citigroup cut their target price on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, August 14th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $124.04.

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.