Envestnet Portfolio Solutions Inc. Buys 249 Shares of Camden Property Trust $CPT

Envestnet Portfolio Solutions Inc. lifted its stake in Camden Property Trust (NYSE:CPT) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,570 shares of the real estate investment trust’s stock after purchasing an additional 249 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Camden Property Trust were worth $853,000 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. IFP Advisors Inc boosted its position 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 purchasing an additional 101 shares during the last quarter. Cape Investment Advisory Inc. bought a new position in shares of Camden Property Trust in the 1st quarter worth $37,000. Tsfg LLC bought a new position in shares of Camden Property Trust in the 1st quarter worth $40,000. National Pension Service boosted its position 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 purchasing an additional 167 shares during the last quarter. Finally, Allworth Financial LP boosted its position 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 purchasing an additional 158 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays reduced their target price on Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating on the stock in a report on Tuesday, September 30th. Truist Financial reduced their target price on Camden Property Trust from $131.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, August 27th. Citigroup reduced their target price on Camden Property Trust from $138.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 14th. The Goldman Sachs Group lowered Camden Property Trust from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $118.00 to $106.00 in a report on Wednesday, September 17th. Finally, Morgan Stanley reduced their target price on Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 13th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $121.61.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $102.50 on Monday. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of 71.68, a price-to-earnings-growth ratio of 3.47 and a beta of 0.80. The stock’s 50-day moving average is $106.95 and its 200-day moving average is $111.51. Camden Property Trust has a one year low of $100.60 and a one year high of $127.65. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.01. The company had revenue of $396.51 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 earnings per share. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. Equities analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were issued 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 was Tuesday, September 30th. Camden Property Trust’s payout ratio is 293.71%.

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.