Wellington Management Group LLP Sells 92,670 Shares of Camden Property Trust $CPT

Key Points

• Wellington Management reduced its Camden Property Trust stake by 16.6%, selling 92,670 shares and retaining 466,631 shares valued at approximately $53.4 million. Institutional investors collectively own 97.22% of CPT.
• Camden reported quarterly revenue of $396.1 million, up 7.4% year over year and above estimates, but earnings per share of $0.18 fell well short of the $1.67 consensus forecast.
• The REIT pays an annualized dividend of $4.24 per share, yielding about 4.0%, while analysts maintain a consensus “Hold” rating with an average price target of $116.08.

Wellington Management Group LLP decreased its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 16.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 466,631 shares of the real estate investment trust's stock after selling 92,670 shares during the period. Wellington Management Group LLP owned 0.46% of Camden Property Trust worth $53,425,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. New Mexico Educational Retirement Board boosted its holdings in Camden Property Trust by 2.1% in the 4th quarter. New Mexico Educational Retirement Board now owns 4,900 shares of the real estate investment trust's stock worth $539,000 after buying an additional 100 shares during the period. Hantz Financial Services Inc. raised its holdings in Camden Property Trust by 38.1% during the 4th quarter. Hantz Financial Services Inc. now owns 388 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 107 shares during the period. Norinchukin Bank The lifted its position in shares of Camden Property Trust by 1.0% during the third quarter. Norinchukin Bank The now owns 11,178 shares of the real estate investment trust's stock worth $1,194,000 after acquiring an additional 107 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Camden Property Trust by 5.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 2,157 shares of the real estate investment trust's stock worth $237,000 after acquiring an additional 114 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Camden Property Trust by 2.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,029 shares of the real estate investment trust's stock worth $554,000 after acquiring an additional 115 shares during the period. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

CPT stock opened at $105.51 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.18 and a quick ratio of 0.18. Camden Property Trust has a one year low of $96.53 and a one year high of $119.81. The stock has a market cap of $10.61 billion, a PE ratio of 34.94, a P/E/G ratio of 7.48 and a beta of 0.77. The firm has a 50 day simple moving average of $111.47 and a two-hundred day simple moving average of $107.50.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $392.88 million. During the same quarter last year, the business posted $1.70 EPS. The business's quarterly revenue 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. On average, analysts predict that Camden Property Trust will post 6.75 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were given a dividend of $1.06 per share. The ex-dividend date was Tuesday, June 30th. This represents a $4.24 dividend on an annualized basis and a yield of 4.0%. Camden Property Trust's dividend payout ratio (DPR) is presently 140.40%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CPT shares. Morgan Stanley decreased their price objective on Camden Property Trust from $120.00 to $118.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 12th. Jefferies Financial Group upgraded Camden Property Trust to a "hold" rating in a research note on Wednesday, July 22nd. UBS Group reduced their target price on Camden Property Trust from $108.00 to $106.00 and set a "neutral" rating for the company in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $114.00 price target on shares of Camden Property Trust in a research report on Monday, July 20th. Finally, Weiss Ratings raised shares of Camden Property Trust from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Camden Property Trust presently has a consensus rating of "Hold" and a consensus target price of $116.08.

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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