Highland Capital Management LLC Increases Holdings in Camden Property Trust $CPT

Key Points

• Highland Capital Management LLC raised its stake in Camden Property Trust (NYSE:CPT) by 17.3%, owning a total of 24,767 shares valued at approximately $2.79 million.
• Camden Property Trust recently announced a quarterly dividend of $1.05 per share, leading to a 4.0% dividend yield with an ex-dividend date of September 30th.
• The company reported a quarterly earnings per share (EPS) of $1.70, surpassing estimates and showing a 2.4% revenue increase year-over-year.

Highland Capital Management LLC increased its position in Camden Property Trust (NYSE:CPT - Free Report) by 17.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,767 shares of the real estate investment trust's stock after acquiring an additional 3,660 shares during the period. Highland Capital Management LLC's holdings in Camden Property Trust were worth $2,791,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in Camden Property Trust by 3.0% in the 2nd quarter. Fifth Third Bancorp now owns 5,331 shares of the real estate investment trust's stock worth $601,000 after acquiring an additional 154 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Camden Property Trust by 11.7% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 69,708 shares of the real estate investment trust's stock worth $7,855,000 after acquiring an additional 7,275 shares during the last quarter. Contravisory Investment Management Inc. raised its holdings in Camden Property Trust by 62.6% in the 2nd quarter. Contravisory Investment Management Inc. now owns 6,402 shares of the real estate investment trust's stock worth $721,000 after acquiring an additional 2,464 shares during the last quarter. Nicola Wealth Management LTD. purchased a new position in Camden Property Trust in the 1st quarter worth approximately $1,773,000. Finally, Chicago Capital LLC raised its holdings in Camden Property Trust by 82.4% in the 2nd quarter. Chicago Capital LLC now owns 6,001 shares of the real estate investment trust's stock worth $676,000 after acquiring an additional 2,711 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Trading Down 0.2%

NYSE:CPT opened at $104.20 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 72.87, a price-to-earnings-growth ratio of 3.53 and a beta of 0.80. Camden Property Trust has a one year low of $102.35 and a one year high of $127.65. The business has a fifty day moving average price of $108.24 and a 200-day moving average price of $112.89.

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 EPS for the quarter, topping the consensus estimate of $1.69 by $0.01. The firm had revenue of $396.51 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business 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. Sell-side analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 30th. Camden Property Trust's dividend payout ratio is 293.71%.

Analyst Ratings Changes

CPT has been the subject of a number of recent analyst reports. UBS Group decreased their price objective on shares of Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. Morgan Stanley cut their target price on shares of Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 13th. JPMorgan Chase & Co. lifted their target price on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a research report on Tuesday, June 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Camden Property Trust in a research report on Saturday, September 27th. Finally, Barclays cut their target price on shares of Camden Property Trust from $128.00 to $127.00 and set an "overweight" rating for the company in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $121.73.

About Camden Property Trust

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.

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