Royal Bank of Canada Has $19.80 Million Stake in Camden Property Trust $CPT

Royal Bank of Canada decreased its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 161,917 shares of the real estate investment trust's stock after selling 5,890 shares during the quarter. Royal Bank of Canada owned 0.15% of Camden Property Trust worth $19,802,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tsfg LLC bought a new position in shares of Camden Property Trust in the first quarter worth $40,000. National Pension Service lifted its holdings in shares of Camden Property Trust by 74.2% during the first quarter. National Pension Service now owns 392 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 167 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of 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 purchasing an additional 158 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Camden Property Trust during the first quarter valued at $64,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Camden Property Trust during the first quarter valued at $73,000. Institutional investors own 97.22% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CPT shares. Wells Fargo & Company dropped their price target on Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. Citigroup lowered their price objective on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. Morgan Stanley decreased their target price on Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. UBS Group decreased their target price on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. Finally, Barclays reduced their price objective on Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Camden Property Trust has an average rating of "Hold" and a consensus price target of $123.27.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock traded up $1.99 during midday trading on Thursday, hitting $110.84. 607,366 shares of the company were exchanged, compared to its average volume of 973,389. 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 cap of $11.84 billion, a P/E ratio of 77.51, a PEG ratio of 3.79 and a beta of 0.80. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69. The firm has a 50 day simple moving average of $110.51 and a 200-day simple moving average of $114.61.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results 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. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The business had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. During the same quarter last year, the company earned $1.71 EPS. Camden Property Trust'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 forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued 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 of this dividend was Monday, June 30th. Camden Property Trust's dividend payout ratio (DPR) is currently 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.