Highland Capital Management LLC Purchases 3,660 Shares of Camden Property Trust $CPT

Highland Capital Management LLC increased its position in Camden Property Trust (NYSE:CPT) by 17.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,767 shares of the real estate investment trust’s stock after buying an additional 3,660 shares during the period. Highland Capital Management LLC’s holdings in Camden Property Trust were worth $2,791,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in Camden Property Trust by 16.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 89 shares during the period. Country Club Bank boosted its holdings in Camden Property Trust by 0.4% in the 1st quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust’s stock worth $3,204,000 after buying an additional 92 shares during the period. Amalgamated Bank boosted its holdings in Camden Property Trust by 0.5% in the 1st quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust’s stock worth $2,514,000 after buying an additional 93 shares during the period. First Manhattan CO. LLC. boosted its holdings in Camden Property Trust by 0.3% in the 1st quarter. First Manhattan CO. LLC. now owns 30,878 shares of the real estate investment trust’s stock worth $3,809,000 after buying an additional 101 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Camden Property Trust by 0.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,395 shares of the real estate investment trust’s stock worth $2,073,000 after buying an additional 103 shares during the period. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Down 0.2%

Shares of NYSE CPT opened at $104.20 on Friday. The firm’s 50-day moving average price is $108.24 and its 200-day moving average price is $112.89. 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 stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 72.87, a P/E/G ratio of 3.53 and a beta of 0.80. Camden Property Trust has a 12-month low of $102.35 and a 12-month high of $127.65.

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

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Camden Property Trust’s dividend payout ratio is 293.71%.

Analysts Set New Price Targets

CPT has been the subject of several research reports. Morgan Stanley dropped their price objective on shares of Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Evercore ISI increased their price objective on shares of Camden Property Trust from $114.00 to $116.00 and gave the company an “in-line” rating in a report on Monday, September 15th. The Goldman Sachs Group downgraded shares of Camden Property Trust from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $118.00 to $106.00 in a report on Wednesday, September 17th. Wall Street Zen raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Wells Fargo & Company dropped their price objective on shares of Camden Property Trust from $120.00 to $112.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $121.73.

About Camden Property Trust

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.