TD Asset Management Inc Has $4.20 Million Stake in Camden Property Trust $CPT

Key Points

• TD Asset Management Inc increased its stake in Camden Property Trust by 33.5% in Q2, holding 37,294 shares valued at approximately $4.20 million.
• Camden Property Trust reported an EPS of $1.70 for the last quarter, exceeding analysts' expectations, with a revenue of $396.51 million.
• The company announced a quarterly dividend of $1.05 per share, yielding 4.1%, despite a high payout ratio of 293.71%.

TD Asset Management Inc lifted its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 33.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,294 shares of the real estate investment trust's stock after buying an additional 9,360 shares during the quarter. TD Asset Management Inc's holdings in Camden Property Trust were worth $4,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp grew its position in shares of Camden Property Trust by 3.0% during the 2nd quarter. Fifth Third Bancorp now owns 5,331 shares of the real estate investment trust's stock worth $601,000 after buying an additional 154 shares during the period. Highland Capital Management LLC grew its position in shares of Camden Property Trust by 17.3% during the 2nd quarter. Highland Capital Management LLC now owns 24,767 shares of the real estate investment trust's stock worth $2,791,000 after buying an additional 3,660 shares during the period. Yousif Capital Management LLC grew its position in shares of Camden Property Trust by 43.1% during the 2nd quarter. Yousif Capital Management LLC now owns 23,711 shares of the real estate investment trust's stock worth $2,672,000 after buying an additional 7,141 shares during the period. U.S. Capital Wealth Advisors LLC grew its position in shares of Camden Property Trust by 11.7% during 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 buying an additional 7,275 shares during the period. Finally, Contravisory Investment Management Inc. grew its position in shares of Camden Property Trust by 62.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 6,402 shares of the real estate investment trust's stock worth $721,000 after buying an additional 2,464 shares during the period. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Price Performance

CPT opened at $103.11 on Tuesday. 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 company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 72.11, a P/E/G ratio of 3.47 and a beta of 0.80. The firm's fifty day moving average price is $106.93 and its two-hundred day moving average price is $111.46. Camden Property Trust has a 1 year low of $100.60 and a 1 year high of $127.65.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The firm had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. As a group, analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Camden Property Trust's payout ratio is currently 293.71%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Evercore ISI cut their target price on Camden Property Trust from $116.00 to $115.00 and set an "in-line" rating on the stock in a report on Monday, October 13th. Cantor Fitzgerald assumed coverage on Camden Property Trust in a report on Wednesday, October 1st. They issued a "neutral" rating and a $115.00 target price on the stock. UBS Group cut their target price on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. Finally, 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 report on Thursday, August 14th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Camden Property Trust presently has a consensus rating of "Hold" and an average price target of $121.61.

Camden Property Trust 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.

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