Harvest Portfolios Group Inc. Sells 2,684 Shares of Camden Property Trust $CPT

Harvest Portfolios Group Inc. trimmed its stake in shares of Camden Property Trust (NYSE:CPT) by 22.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,308 shares of the real estate investment trust’s stock after selling 2,684 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Camden Property Trust were worth $1,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bellwether Advisors LLC bought a new stake in shares of Camden Property Trust during the 4th quarter valued at $31,000. Tsfg LLC bought a new position in shares of Camden Property Trust during the 1st quarter valued at about $40,000. National Pension Service increased its position in shares of Camden Property Trust by 74.2% during the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 167 shares during the last quarter. Allworth Financial LP boosted its holdings in Camden Property Trust by 47.4% during the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 158 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new stake in Camden Property Trust during the 1st quarter valued at about $64,000. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Price Performance

NYSE:CPT opened at $109.30 on Wednesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $11.68 billion, a P/E ratio of 76.43, a P/E/G ratio of 3.69 and a beta of 0.78. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The business’s 50-day moving average is $111.36 and its 200 day moving average is $115.25.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.01. The company 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 firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, June 30th. Camden Property Trust’s payout ratio is currently 293.71%.

Wall Street Analysts Forecast Growth

CPT has been the subject of several research analyst reports. Stifel Nicolaus upgraded Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 price objective for the company in a report on Tuesday. Royal Bank Of Canada dropped 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. Barclays dropped their price target on Camden Property Trust from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Morgan Stanley lowered their target price on Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Finally, Citigroup lowered their price objective on Camden Property Trust from $138.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price of $124.99.

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.