Carronade Capital Management LP Sells 5,853,075 Shares of Camden Property Trust $CPT

Carronade Capital Management LP lowered its holdings in shares of Camden Property Trust (NYSE:CPT) by 98.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 95,936 shares of the real estate investment trust’s stock after selling 5,853,075 shares during the quarter. Camden Property Trust comprises 0.7% of Carronade Capital Management LP’s portfolio, making the stock its 15th largest holding. Carronade Capital Management LP’s holdings in Camden Property Trust were worth $10,811,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CPT. Highland Capital Management LLC boosted its position in shares of Camden Property Trust by 17.3% in the 2nd quarter. Highland Capital Management LLC now owns 24,767 shares of the real estate investment trust’s stock worth $2,791,000 after purchasing an additional 3,660 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Camden Property Trust by 1.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 16,789 shares of the real estate investment trust’s stock valued at $1,897,000 after buying an additional 253 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Camden Property Trust by 3.0% in the second quarter. Fifth Third Bancorp now owns 5,331 shares of the real estate investment trust’s stock worth $601,000 after acquiring an additional 154 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Camden Property Trust by 14.7% during the second quarter. QRG Capital Management Inc. now owns 22,169 shares of the real estate investment trust’s stock worth $2,498,000 after acquiring an additional 2,849 shares during the last quarter. Finally, Long Pond Capital LP grew its stake in shares of Camden Property Trust by 209.6% during the second quarter. Long Pond Capital LP now owns 1,022,742 shares of the real estate investment trust’s stock worth $115,253,000 after acquiring an additional 692,412 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Price Performance

NYSE:CPT opened at $104.18 on Friday. The firm’s fifty day moving average is $103.01 and its two-hundred day moving average is $108.46. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 3.46 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. Camden Property Trust has a one year low of $97.17 and a one year high of $126.55.

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

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 17th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, December 17th. Camden Property Trust’s dividend payout ratio is currently 170.04%.

Wall Street Analyst Weigh In

CPT has been the subject of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of Camden Property Trust from $124.00 to $123.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Evercore ISI decreased their price target on shares of Camden Property Trust from $115.00 to $108.00 and set an “in-line” rating for the company in a report on Monday, November 3rd. Piper Sandler dropped their price objective on shares of Camden Property Trust from $117.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. UBS Group reduced their target price on Camden Property Trust from $114.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, Truist Financial lowered their price target on 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. Six 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $117.99.

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.