Aberdeen Group plc Boosts Stake in Camden Property Trust $CPT

Aberdeen Group plc grew its position in shares of Camden Property Trust (NYSE:CPT) by 6.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 320,516 shares of the real estate investment trust’s stock after acquiring an additional 18,219 shares during the period. Aberdeen Group plc owned about 0.30% of Camden Property Trust worth $35,704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cape Investment Advisory Inc. purchased a new stake in shares of Camden Property Trust in the 1st quarter worth approximately $37,000. IFP Advisors Inc grew its stake in shares of Camden Property Trust by 45.7% in the 2nd 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 last quarter. Tsfg LLC purchased a new stake in shares of Camden Property Trust in the 1st quarter worth approximately $40,000. National Pension Service grew its stake in shares of Camden Property Trust by 74.2% in the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 167 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Camden Property Trust by 47.4% in the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

CPT has been the topic of several recent research reports. Royal Bank Of Canada cut their price target on Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating on the stock in a research note on Monday, August 4th. Cantor Fitzgerald initiated coverage on Camden Property Trust in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $115.00 price target on the stock. Wells Fargo & Company cut their price target on Camden Property Trust from $120.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Evercore ISI increased their target price on Camden Property Trust from $114.00 to $116.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Finally, Truist Financial cut their target price on Camden Property Trust from $131.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, August 27th. 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, the stock has a consensus rating of “Hold” and a consensus price target of $121.73.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $101.66 on Monday. Camden Property Trust has a fifty-two week low of $100.60 and a fifty-two week high of $127.65. The business has a 50-day simple moving average of $107.39 and a two-hundred day simple moving average of $112.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 71.09, a price-to-earnings-growth ratio of 3.45 and a beta of 0.80.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (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 the consensus estimate of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the business posted $1.71 EPS. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. On average, analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is 293.71%.

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.