Truist Financial Corp Has $3.86 Million Stake in Camden Property Trust $CPT

Key Points

• Truist Financial Corp increased its stake in Camden Property Trust by 759.2% in Q2, owning 34,221 shares valued at approximately $3.86 million.
• The company reported a $1.70 EPS for the last quarter, exceeding the consensus estimate of $1.69, with revenue increasing 2.4% year-over-year.
• Camden Property Trust plans to pay a quarterly dividend of $1.05 on October 17th, reflecting an annual yield of 4.1%.

Truist Financial Corp raised its position in Camden Property Trust (NYSE:CPT - Free Report) by 759.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,221 shares of the real estate investment trust's stock after buying an additional 30,238 shares during the quarter. Truist Financial Corp's holdings in Camden Property Trust were worth $3,856,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in Camden Property Trust by 16.8% during the first quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust's stock worth $76,000 after buying an additional 89 shares in the last quarter. Country Club Bank grew its stake in Camden Property Trust by 0.4% during the first quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust's stock worth $3,204,000 after buying an additional 92 shares in the last quarter. Amalgamated Bank boosted its position in shares of Camden Property Trust by 0.5% during the 1st quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock worth $2,514,000 after acquiring an additional 93 shares in the last quarter. First Manhattan CO. LLC. boosted its position in shares of Camden Property Trust by 0.3% during the 1st quarter. First Manhattan CO. LLC. now owns 30,878 shares of the real estate investment trust's stock worth $3,809,000 after acquiring an additional 101 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Camden Property Trust by 8.5% during the 1st quarter. Signaturefd LLC now owns 1,333 shares of the real estate investment trust's stock worth $163,000 after acquiring an additional 104 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 0.3%

CPT stock opened at $103.04 on Thursday. The stock's 50 day simple moving average is $107.64 and its 200 day simple moving average is $112.60. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.65. 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 company has a market cap of $11.01 billion, a P/E ratio of 72.06, a price-to-earnings-growth ratio of 3.51 and a beta of 0.80.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The company's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 earnings per share. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. On average, research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, September 30th. Camden Property Trust's payout ratio is currently 293.71%.

Analyst Upgrades and Downgrades

CPT has been the topic of a number of research analyst reports. Royal Bank Of Canada reduced their price target on shares of Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating on the stock in a research note on Monday, August 4th. Cantor Fitzgerald started coverage on shares of Camden Property Trust in a research report on Wednesday, October 1st. They issued a "neutral" rating and a $115.00 target price on the stock. Scotiabank cut their target price on shares of Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 14th. Wall Street Zen upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Camden Property Trust in a report on Wednesday. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Camden Property Trust currently has an average rating of "Hold" and a consensus price target of $121.73.

About Camden Property Trust

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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