California Public Employees Retirement System Decreases Stock Holdings in Camden Property Trust $CPT

California Public Employees Retirement System lowered its holdings in Camden Property Trust (NYSE:CPT) by 17.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 223,611 shares of the real estate investment trust’s stock after selling 47,031 shares during the quarter. California Public Employees Retirement System’s holdings in Camden Property Trust were worth $25,199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Loomis Sayles & Co. L P acquired a new stake in Camden Property Trust in the 2nd quarter valued at $32,000. IFP Advisors Inc boosted its position in shares of Camden Property Trust by 45.7% in the second quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 101 shares during the period. Cape Investment Advisory Inc. acquired a new stake in shares of Camden Property Trust in the first quarter valued at about $37,000. National Pension Service raised its holdings in shares of Camden Property Trust by 74.2% during the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 167 shares during the period. Finally, Private Trust Co. NA raised its stake in shares of Camden Property Trust by 117.7% during 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. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CPT. 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. Barclays set a $118.00 target price on Camden Property Trust and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Truist Financial dropped their price target on shares of Camden Property Trust from $131.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, August 27th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $105.00 price target on shares of Camden Property Trust in a report on Monday, November 10th. Finally, Stifel Nicolaus raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 price objective for the company in a report on Tuesday, August 26th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $117.99.

Camden Property Trust Price Performance

CPT opened at $104.19 on Friday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.81. The company’s 50-day moving average price is $103.01 and its 200 day moving average price is $108.57. Camden Property Trust has a fifty-two week low of $97.17 and a fifty-two week high of $126.55. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 42.18, a price-to-earnings-growth ratio of 3.43 and a beta of 0.82.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 EPS for the quarter, beating the consensus estimate of $1.68 by $0.02. The company had revenue of $398.24 million during the quarter, compared to analyst estimates of $397.89 million. Camden Property Trust had a return on equity of 5.75% and a net margin of 17.15%.The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.71 earnings per share. 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. As a group, sell-side analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 17th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, December 17th. Camden Property Trust’s payout ratio 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.