Royal Bank of Canada Decreases Stock Position in Camden Property Trust $CPT

Key Points

• Royal Bank of Canada cut its Camden Property Trust stake by 35.6% in the first quarter, selling 84,807 shares and retaining 153,641 shares valued at approximately $15 million.
• Institutional ownership remains high at 97.22%, with several funds—including Renaissance Technologies and Compound Planning—adding to their positions during the quarter.
• Camden reported quarterly revenue of $396.07 million, up 7.4% year over year, but its $0.18 EPS missed consensus estimates of $1.67. The REIT pays a $1.06 quarterly dividend, yielding about 3.8%, while analysts maintain a consensus “Hold” rating with an average $117.25 price target.

Royal Bank of Canada trimmed its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 35.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,641 shares of the real estate investment trust's stock after selling 84,807 shares during the period. Royal Bank of Canada owned about 0.15% of Camden Property Trust worth $15,005,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empyrean Capital Partners LP purchased a new stake in shares of Camden Property Trust in the first quarter worth approximately $9,180,000. Maverick Capital Ltd. boosted its holdings in Camden Property Trust by 1.6% during the 1st quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust's stock valued at $182,416,000 after acquiring an additional 30,076 shares during the period. Entropy Technologies LP bought a new position in Camden Property Trust in the 1st quarter valued at $357,000. Renaissance Technologies LLC increased its stake in Camden Property Trust by 49.7% in the first quarter. Renaissance Technologies LLC now owns 466,800 shares of the real estate investment trust's stock worth $45,588,000 after purchasing an additional 154,900 shares during the period. Finally, Compound Planning Inc. increased its stake in Camden Property Trust by 14.9% in the first quarter. Compound Planning Inc. now owns 2,915 shares of the real estate investment trust's stock worth $285,000 after purchasing an additional 379 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Trading Up 1.0%

CPT opened at $111.86 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.42 and a debt-to-equity ratio of 1.25. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 8.42 and a beta of 0.77. Camden Property Trust has a 12 month low of $96.53 and a 12 month high of $119.81. The stock has a fifty day moving average price of $112.88 and a 200-day moving average price of $107.57.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($1.49). Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%.The firm had revenue of $396.07 million during the quarter, compared to the consensus estimate of $392.88 million. During the same quarter in the prior year, the firm posted $1.70 earnings per share. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. As a group, equities research analysts anticipate that Camden Property Trust will post 6.74 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were issued a dividend of $1.06 per share. The ex-dividend date was Tuesday, June 30th. This represents a $4.24 annualized dividend and a dividend yield of 3.8%. Camden Property Trust's dividend payout ratio is 140.40%.

Wall Street Analysts Forecast Growth

CPT has been the subject of several research analyst reports. UBS Group decreased their price target on shares of Camden Property Trust from $108.00 to $106.00 and set a "neutral" rating for the company in a research note on Thursday, May 14th. Jefferies Financial Group upgraded Camden Property Trust to a "hold" rating in a report on Wednesday, July 22nd. Cantor Fitzgerald raised their price target on Camden Property Trust from $102.00 to $111.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Mizuho lifted their price objective on Camden Property Trust from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, June 10th. Finally, Wall Street Zen lowered shares of Camden Property Trust from a "sell" rating to a "strong sell" rating in a research note on Saturday. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $117.25.

Camden Property Trust 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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