Strs Ohio Sells 18,499 Shares of Camden Property Trust $CPT

Strs Ohio lowered its stake in shares of Camden Property Trust (NYSE:CPT) by 18.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 83,269 shares of the real estate investment trust’s stock after selling 18,499 shares during the period. Strs Ohio’s holdings in Camden Property Trust were worth $8,891,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Camden Property Trust by 2.0% in the second quarter. State Street Corp now owns 7,452,448 shares of the real estate investment trust’s stock valued at $847,524,000 after acquiring an additional 147,684 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Camden Property Trust by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,961,433 shares of the real estate investment trust’s stock worth $332,432,000 after purchasing an additional 51,357 shares in the last quarter. Invesco Ltd. increased its position in shares of Camden Property Trust by 34.5% during the 2nd quarter. Invesco Ltd. now owns 2,375,058 shares of the real estate investment trust’s stock valued at $267,645,000 after purchasing an additional 609,697 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Camden Property Trust by 0.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,869,638 shares of the real estate investment trust’s stock valued at $210,690,000 after purchasing an additional 5,846 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Camden Property Trust by 4.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,604,077 shares of the real estate investment trust’s stock valued at $180,763,000 after buying an additional 66,039 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Camden Property Trust

In related news, CEO Richard J. Campo sold 38,021 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $109.78, for a total value of $4,173,945.38. Following the completion of the transaction, the chief executive officer directly owned 301,156 shares of the company’s stock, valued at $33,060,905.68. This represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Alexander J. Jessett sold 5,627 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $109.69, for a total transaction of $617,225.63. Following the completion of the sale, the chief financial officer owned 141,821 shares of the company’s stock, valued at $15,556,345.49. This trade represents a 3.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 52,288 shares of company stock valued at $5,741,857 over the last quarter. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CPT shares. Bank of America cut their target price on Camden Property Trust from $142.00 to $137.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Piper Sandler lowered their price objective on shares of Camden Property Trust from $117.00 to $111.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Evercore ISI reduced their target price on shares of Camden Property Trust from $115.00 to $108.00 and set an “in-line” rating on the stock in a report on Monday, November 3rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $105.00 target price on shares of Camden Property Trust in a research report on Monday, November 10th. Finally, Morgan Stanley cut their price target on shares of Camden Property Trust from $124.00 to $123.00 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Camden Property Trust has an average rating of “Hold” and a consensus price target of $117.51.

Camden Property Trust Price Performance

CPT stock opened at $107.78 on Monday. Camden Property Trust has a 12-month low of $97.17 and a 12-month high of $126.55. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.81. The firm’s 50-day moving average price is $106.83 and its two-hundred day moving average price is $106.93. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 43.63, a PEG ratio of 3.97 and a beta of 0.81.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.02. The firm had revenue of $398.24 million for the quarter, compared to analysts’ expectations of $397.89 million. Camden Property Trust had a return on equity of 5.75% and a net margin of 17.15%.The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 earnings per share. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS and its FY 2025 guidance at 6.830-6.87 EPS. As a group, equities analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 17th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, December 17th. Camden Property Trust’s payout ratio is presently 170.04%.

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.