Sterling Capital Management LLC Buys 26,898 Shares of Camden Property Trust $CPT

Key Points

• Sterling Capital Management increased its Camden Property Trust stake by 907.5%, buying 26,898 shares to hold 29,862 shares worth approximately $2.89 million. Institutional investors collectively own 97.22% of CPT.
• Camden Property Trust reported quarterly revenue of $396.07 million, up 7.4% year over year, but earnings per share of $0.18 fell well short of the $1.67 consensus estimate.
• The company pays an annualized dividend of $4.24 per share, yielding about 4.2%; analysts maintain a consensus “Hold” rating with an average price target of $111.62 versus the stock’s $102.05 price.

Sterling Capital Management LLC boosted its stake in Camden Property Trust (NYSE:CPT - Free Report) by 907.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,862 shares of the real estate investment trust's stock after buying an additional 26,898 shares during the quarter. Sterling Capital Management LLC's holdings in Camden Property Trust were worth $2,889,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maverick Capital Ltd. increased its stake in shares of Camden Property Trust by 1.6% in the first quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust's stock worth $182,416,000 after acquiring an additional 30,076 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Camden Property Trust by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,598,671 shares of the real estate investment trust's stock valued at $156,128,000 after purchasing an additional 37,456 shares during the last quarter. Jennison Associates LLC boosted its position in Camden Property Trust by 100.2% during the first quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust's stock valued at $117,861,000 after purchasing an additional 603,997 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Camden Property Trust by 945.3% in the third quarter. State of Alaska Department of Revenue now owns 616,861 shares of the real estate investment trust's stock valued at $59,669,000 after purchasing an additional 557,850 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Camden Property Trust by 3.4% in the fourth quarter. Hsbc Holdings PLC now owns 523,824 shares of the real estate investment trust's stock valued at $57,722,000 after purchasing an additional 17,270 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Trading Up 0.0%

Shares of NYSE:CPT opened at $102.05 on Monday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $10.26 billion, a PE ratio of 33.79, a P/E/G ratio of 7.60 and a beta of 0.79. Camden Property Trust has a 1 year low of $95.30 and a 1 year high of $119.81. The firm has a fifty day moving average price of $101.77 and a 200 day moving average price of $106.56.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.49). Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The company had revenue of $396.07 million for the quarter, compared to the consensus estimate of $392.88 million. During the same quarter last year, the business earned $1.70 earnings per share. Camden Property Trust's quarterly revenue was up 7.4% on a year-over-year basis. 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. Analysts expect that Camden Property Trust will post 6.75 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, September 30th were issued a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 4.2%. The ex-dividend date was Wednesday, September 30th. Camden Property Trust's payout ratio is 140.40%.

Analysts Set New Price Targets

Several brokerages have weighed in on CPT. Scotiabank dropped their target price on Camden Property Trust from $109.00 to $102.00 and set a "sector underperform" rating on the stock in a research report on Thursday, September 17th. Wells Fargo & Company dropped their price objective on Camden Property Trust from $110.00 to $103.00 and set an "equal weight" rating on the stock in a report on Monday, October 19th. Morgan Stanley dropped their price objective on Camden Property Trust from $120.00 to $118.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 12th. UBS Group cut their price objective on shares of Camden Property Trust from $105.00 to $101.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 14th. Finally, Wall Street Zen cut shares of Camden Property Trust from a "sell" rating to a "strong sell" rating in a research note on Saturday, October 17th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $111.62.

About Camden Property Trust

Camden Property Trust NYSE: CPT is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides rental housing to individuals and families through a portfolio of communities offering a range of apartment layouts, amenities, and resident services.

Camden focuses primarily on high-growth markets in the Sun Belt, including metropolitan areas in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, and Tennessee. Its communities are generally located in major urban and suburban markets and are managed through the company's in-house property management platform.

Founded in 1993 and headquartered in Houston, Texas, Camden Property Trust has expanded through apartment development, acquisitions, and ongoing property renovations.

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