210,980 Camden Property Trust $CPT Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its holdings in shares of Camden Property Trust (NYSE:CPT) by 3,858.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 216,448 shares of the real estate investment trust’s stock after purchasing an additional 210,980 shares during the period. Kestra Advisory Services LLC’s holdings in Camden Property Trust were worth $20,937,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CPT. Maverick Capital Ltd. boosted its position in shares of Camden Property Trust by 1.6% in the 1st quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust’s stock worth $182,416,000 after purchasing an additional 30,076 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Camden Property Trust by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,598,671 shares of the real estate investment trust’s stock valued at $156,128,000 after buying an additional 37,456 shares in the last quarter. Jennison Associates LLC increased its position in Camden Property Trust by 100.2% during the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock valued at $117,861,000 after buying an additional 603,997 shares in the last quarter. State of Alaska Department of Revenue increased its position in Camden Property Trust by 945.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 616,861 shares of the real estate investment trust’s stock valued at $59,669,000 after buying an additional 557,850 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Camden Property Trust by 49.7% during the first quarter. Renaissance Technologies LLC now owns 466,800 shares of the real estate investment trust’s stock valued at $45,588,000 after buying an additional 154,900 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Truist Financial dropped their target price on Camden Property Trust from $123.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, September 25th. Weiss Ratings cut Camden Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Cantor Fitzgerald raised their price target on Camden Property Trust from $102.00 to $111.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Morgan Stanley lowered their price target on Camden Property Trust from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Finally, Stifel Nicolaus set a $123.25 price target on Camden Property Trust in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $111.62.

Camden Property Trust Price Performance

Shares of CPT opened at $99.83 on Friday. Camden Property Trust has a twelve month low of $95.30 and a twelve month high of $119.81. The company has a market capitalization of $10.04 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 7.39 and a beta of 0.75. The firm has a 50 day moving average of $100.55 and a 200 day moving average of $105.83. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.25.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.02. The business had revenue of $381.06 million for the quarter, compared to analysts’ expectations of $384.88 million. Camden Property Trust had a return on equity of 26.99% and a net margin of 71.94%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 EPS. As a group, equities research analysts anticipate that Camden Property Trust will post 6.75 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were issued a $1.06 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.2%. Camden Property Trust’s dividend payout ratio (DPR) is presently 140.40%.

Camden Property Trust News Roundup

Here are the key news stories impacting Camden Property Trust this week:

• Positive Sentiment: Q3 funds from operations (FFO) were $1.71 per share, topping the $1.69 consensus and rising from $1.70 a year earlier. The company also cited improving leasing trends and lower property expenses. Camden Property’s Q3 FFO Beats Estimates as Leasing Trends Improve
• Neutral Sentiment: Camden forecast Q4 core FFO of $1.63–$1.67 per share; the available report did not provide a comparable analyst estimate to gauge whether the outlook is above or below expectations. Camden Property Trust Q4 Core FFO Guidance
• Negative Sentiment: Revenue was $381.06 million, below analysts’ $384.88 million estimate and down 3.7% year over year. Reports also flagged weakness in same-property NOI, tempering the FFO beat and raising concerns about operating momentum. Camden Property Q3 FFO Higher, Revenue Lower; Issues Guidance

About Camden Property Trust

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas.

Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.