First Trust Advisors LP Acquires 318,764 Shares of Camden Property Trust $CPT

First Trust Advisors LP grew its stake in shares of Camden Property Trust (NYSE:CPT) by 518.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 380,294 shares of the real estate investment trust’s stock after purchasing an additional 318,764 shares during the quarter. First Trust Advisors LP’s holdings in Camden Property Trust were worth $42,855,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P bought a new stake in Camden Property Trust during the 2nd quarter valued at about $32,000. Cape Investment Advisory Inc. purchased a new position in shares of Camden Property Trust during the first quarter worth approximately $37,000. IFP Advisors Inc raised its stake in shares of Camden Property Trust by 45.7% during the second quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 101 shares in the last quarter. National Pension Service boosted its holdings in shares of Camden Property Trust by 74.2% in the first quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 167 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of Camden Property Trust by 117.7% in the second quarter. Private Trust Co. NA now owns 431 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 233 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CPT. UBS Group reduced their price objective on Camden Property Trust from $114.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Bank of America cut their price target on Camden Property Trust from $142.00 to $137.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Weiss Ratings restated a “hold (c)” rating on shares of Camden Property Trust in a report on Wednesday, October 8th. Morgan Stanley dropped their target price on shares of Camden Property Trust from $124.00 to $123.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. Finally, Truist Financial cut their target price on shares of Camden Property Trust from $131.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, August 27th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $117.99.

Camden Property Trust Stock Performance

CPT stock opened at $102.70 on Tuesday. Camden Property Trust has a one year low of $97.17 and a one year high of $126.55. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of 41.58, a PEG ratio of 3.45 and a beta of 0.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a 50-day simple moving average of $103.17 and a two-hundred day simple moving average of $108.72.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.02. The firm had revenue of $398.24 million for the quarter, compared to the consensus estimate of $397.89 million. Camden Property Trust had a net margin of 17.15% and a return on equity of 5.75%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 EPS. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS and its FY 2025 guidance at 6.830-6.87 EPS. On average, equities analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 17th will be given a $1.05 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.1%. Camden Property Trust’s dividend payout ratio (DPR) is presently 170.04%.

Camden Property Trust Company 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.