Geode Capital Management LLC Sells 9,697 Shares of Camden Property Trust $CPT

Geode Capital Management LLC trimmed its position in Camden Property Trust (NYSE:CPT) by 0.3% in the 4th quarter, Holdings Channel reports. The firm owned 2,988,931 shares of the real estate investment trust’s stock after selling 9,697 shares during the quarter. Geode Capital Management LLC’s holdings in Camden Property Trust were worth $328,485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CPT. Viking Global Investors LP raised its position in shares of Camden Property Trust by 41.6% during the 3rd quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock valued at $410,755,000 after buying an additional 1,130,718 shares in the last quarter. UBS Group AG raised its position in shares of Camden Property Trust by 94.2% during the 4th quarter. UBS Group AG now owns 1,137,805 shares of the real estate investment trust’s stock valued at $125,250,000 after buying an additional 551,850 shares in the last quarter. Northern Trust Corp raised its position in shares of Camden Property Trust by 22.2% during the 3rd quarter. Northern Trust Corp now owns 1,737,819 shares of the real estate investment trust’s stock valued at $185,564,000 after buying an additional 315,244 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Camden Property Trust by 2,269.6% during the 4th quarter. SG Americas Securities LLC now owns 276,835 shares of the real estate investment trust’s stock valued at $30,474,000 after buying an additional 265,152 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Camden Property Trust by 379.4% during the 2nd quarter. AQR Capital Management LLC now owns 315,526 shares of the real estate investment trust’s stock valued at $35,557,000 after buying an additional 249,705 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Down 0.3%

Shares of CPT opened at $106.26 on Tuesday. The firm’s 50-day moving average price is $102.80 and its 200-day moving average price is $105.31. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 7.92 and a beta of 0.80. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.04. Camden Property Trust has a 1-year low of $96.53 and a 1-year high of $119.00.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. The firm had revenue of $390.92 million for the quarter, compared to analyst estimates of $378.11 million. Camden Property Trust had a net margin of 24.69% and a return on equity of 8.71%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.72 EPS. Camden Property Trust has set its FY 2026 guidance at 6.600-6.900 EPS and its Q2 2026 guidance at 1.650-1.690 EPS. Sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust announced that its board has approved a stock repurchase program on Thursday, February 5th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to buy up to 5.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Scotiabank cut shares of Camden Property Trust from a “sector perform” rating to a “sector underperform” rating and lowered their price objective for the company from $113.00 to $95.00 in a research report on Thursday, May 14th. Evercore set a $107.00 price objective on shares of Camden Property Trust in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of Camden Property Trust in a research report on Monday, April 20th. Wall Street Zen cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Stifel Nicolaus set a $118.75 target price on shares of Camden Property Trust in a research report on Friday, May 1st. Five research 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.com, Camden Property Trust presently has a consensus rating of “Hold” and an average target price of $113.05.

Camden Property Trust Company Profile

Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.

Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.