Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Camden Property Trust $CPT

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Camden Property Trust by 92.3%, owning 5,776 shares valued at approximately $658,000 as of the latest SEC filing.
• Camden Property Trust reported quarterly earnings of $1.70 per share, exceeding analysts' estimates, with revenue of $396.51 million, marking a year-over-year increase of 2.4%.
• The company declared a quarterly dividend of $1.05 per share, representing a 4.0% yield, with a payout ratio currently at 293.71%.

Wealth Enhancement Advisory Services LLC increased its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 92.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,776 shares of the real estate investment trust's stock after purchasing an additional 2,772 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Camden Property Trust were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Centersquare Investment Management LLC grew its position in Camden Property Trust by 3.6% during the first quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust's stock valued at $319,711,000 after buying an additional 91,752 shares during the period. Wellington Management Group LLP boosted its position in shares of Camden Property Trust by 9.2% in the first quarter. Wellington Management Group LLP now owns 2,271,077 shares of the real estate investment trust's stock worth $277,753,000 after purchasing an additional 192,133 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Camden Property Trust by 17.2% in the first quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust's stock worth $227,942,000 after purchasing an additional 273,966 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Camden Property Trust by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,538,038 shares of the real estate investment trust's stock worth $188,102,000 after purchasing an additional 23,488 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Camden Property Trust by 2.3% in the first quarter. Northern Trust Corp now owns 1,452,031 shares of the real estate investment trust's stock worth $177,583,000 after purchasing an additional 31,955 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Trading Down 0.2%

NYSE CPT opened at $104.20 on Friday. The company's 50-day moving average price is $108.24 and its 200-day moving average price is $112.94. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The stock has a market cap of $11.13 billion, a PE ratio of 72.87, a PEG ratio of 3.54 and a beta of 0.80. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.65.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 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 analysts' expectations 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% on a year-over-year basis. 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. Equities research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.0%. The ex-dividend date is Tuesday, September 30th. Camden Property Trust's dividend payout ratio is presently 293.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Camden Property Trust in a research report on Wednesday. They issued a "neutral" rating and a $115.00 price target for the company. UBS Group dropped their target price on shares of Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Truist Financial dropped their target price on shares of Camden Property Trust from $131.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, August 27th. The Goldman Sachs Group lowered shares of Camden Property Trust from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $118.00 to $106.00 in a research report on Wednesday, September 17th. Finally, Piper Sandler dropped their target price on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. 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 data from MarketBeat, Camden Property Trust presently has a consensus rating of "Hold" and a consensus price target of $121.73.

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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