HighTower Advisors LLC Sells 47,153 Shares of Camden Property Trust $CPT

Key Points

• HighTower Advisors LLC reduced its holdings in Camden Property Trust by 76.3%, now owning 14,638 shares valued at $1.79 million.
• Several other institutional investors have modified their positions, with Northern Trust Corp increasing its stake by 33.7% in the fourth quarter.
• Camden Property Trust reported earnings per share of $1.70 for the last quarter, slightly above analyst expectations, and announced a quarterly dividend of $1.05.

HighTower Advisors LLC lessened its position in Camden Property Trust (NYSE:CPT - Free Report) by 76.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,638 shares of the real estate investment trust's stock after selling 47,153 shares during the quarter. HighTower Advisors LLC's holdings in Camden Property Trust were worth $1,790,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPT. Bellwether Advisors LLC purchased a new position in shares of Camden Property Trust in the 4th quarter valued at approximately $31,000. Tsfg LLC purchased a new position in Camden Property Trust during the first quarter valued at $40,000. Allworth Financial LP raised its stake in Camden Property Trust by 47.4% during the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 158 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Camden Property Trust in the first quarter worth $64,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Camden Property Trust in the first quarter worth $73,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CPT. Evercore ISI cut their target price on Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating on the stock in a research note on Tuesday, August 12th. Morgan Stanley cut their target price on Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. 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. Scotiabank cut their target price on Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 14th. Finally, 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. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $124.04.

Camden Property Trust Stock Up 0.8%

Shares of CPT stock traded up $0.93 during mid-day trading on Friday, hitting $111.67. The company's stock had a trading volume of 259,089 shares, compared to its average volume of 977,037. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69. The business has a 50-day moving average price of $111.17 and a 200 day moving average price of $115.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 78.08, a PEG ratio of 3.75 and a beta of 0.78.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.01. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The firm had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. During the same quarter in the previous year, the business earned $1.71 earnings per share. The company's revenue was up 2.4% on a year-over-year basis. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. Research analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

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

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.