TD Asset Management Inc Acquires 9,360 Shares of Camden Property Trust $CPT

TD Asset Management Inc lifted its holdings in shares of Camden Property Trust (NYSE:CPT) by 33.5% during the second quarter, HoldingsChannel reports. The firm owned 37,294 shares of the real estate investment trust’s stock after purchasing an additional 9,360 shares during the quarter. TD Asset Management Inc’s holdings in Camden Property Trust were worth $4,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in shares of Camden Property Trust by 3.0% during the 2nd quarter. Fifth Third Bancorp now owns 5,331 shares of the real estate investment trust’s stock worth $601,000 after purchasing an additional 154 shares during the period. Highland Capital Management LLC raised its stake in shares of Camden Property Trust by 17.3% during the 2nd quarter. Highland Capital Management LLC now owns 24,767 shares of the real estate investment trust’s stock worth $2,791,000 after purchasing an additional 3,660 shares during the period. Yousif Capital Management LLC raised its stake in shares of Camden Property Trust by 43.1% during the 2nd quarter. Yousif Capital Management LLC now owns 23,711 shares of the real estate investment trust’s stock worth $2,672,000 after purchasing an additional 7,141 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of Camden Property Trust by 11.7% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 69,708 shares of the real estate investment trust’s stock worth $7,855,000 after purchasing an additional 7,275 shares during the period. Finally, Contravisory Investment Management Inc. raised its stake in shares of Camden Property Trust by 62.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 6,402 shares of the real estate investment trust’s stock worth $721,000 after purchasing an additional 2,464 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Piper Sandler lowered their target price on Camden Property Trust from $130.00 to $117.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. 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 note on Thursday, August 14th. Stifel Nicolaus upgraded Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 price objective on the stock in a research note on Tuesday, August 26th. Truist Financial lowered their price objective on Camden Property Trust from $131.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, August 27th. Finally, Wall Street Zen upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and a consensus price target of $121.61.

Camden Property Trust Trading Up 0.7%

Shares of CPT opened at $103.11 on Tuesday. The business’s 50-day moving average price is $106.93 and its 200-day moving average price is $111.46. Camden Property Trust has a twelve month low of $100.60 and a twelve month high of $127.65. The stock has a market cap of $11.02 billion, a PE ratio of 72.11, a P/E/G ratio of 3.47 and a beta of 0.80. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.01. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The firm had revenue of $396.51 million for the quarter, compared to analysts’ expectations of $393.24 million. During the same period in the prior year, the business posted $1.71 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. 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 analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.05 per share. The ex-dividend date was Tuesday, September 30th. This represents a $4.20 annualized dividend and a dividend yield of 4.1%. Camden Property Trust’s dividend payout ratio is currently 293.71%.

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.