Greenland Capital Management LP Reduces Stock Position in Camden Property Trust $CPT

Greenland Capital Management LP lessened its stake in Camden Property Trust (NYSE:CPT) by 53.3% in the second quarter, Holdings Channel reports. The institutional investor owned 30,789 shares of the real estate investment trust’s stock after selling 35,098 shares during the quarter. Greenland Capital Management LP’s holdings in Camden Property Trust were worth $3,470,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC increased its holdings in shares of Camden Property Trust by 13.6% in the 1st quarter. Wealthfront Advisers LLC now owns 2,514 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 301 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in Camden Property Trust in the first quarter worth $367,000. Teachers Retirement System of The State of Kentucky increased its stake in Camden Property Trust by 2.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 8,177 shares of the real estate investment trust’s stock valued at $1,000,000 after purchasing an additional 211 shares during the last quarter. Choreo LLC raised its holdings in shares of Camden Property Trust by 23.0% during the first quarter. Choreo LLC now owns 2,164 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 404 shares during the period. Finally, Oak Thistle LLC raised its holdings in shares of Camden Property Trust by 14.4% during the first quarter. Oak Thistle LLC now owns 3,945 shares of the real estate investment trust’s stock worth $482,000 after purchasing an additional 496 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Trading Down 0.1%

Shares of NYSE:CPT opened at $102.09 on Wednesday. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 71.39, a PEG ratio of 3.31 and a beta of 0.81. Camden Property Trust has a 1-year low of $97.17 and a 1-year high of $127.65. The company has a 50 day moving average price of $103.96 and a 200 day moving average price of $109.99. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.02. The business had revenue of $398.24 million during the quarter, compared to analyst estimates of $397.89 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.Camden Property Trust’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $1.71 EPS. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS. FY 2025 guidance at 6.830-6.87 EPS. On average, research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Camden Property Trust’s payout ratio is 170.04%.

Analysts Set New Price Targets

Several research analysts have recently commented on CPT shares. Bank of America decreased their price target on shares of Camden Property Trust from $142.00 to $137.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Evercore ISI cut their target price on Camden Property Trust from $115.00 to $108.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. Wells Fargo & Company cut their price objective on shares of Camden Property Trust from $112.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, October 13th. Scotiabank decreased their target price on shares of Camden Property Trust from $126.00 to $115.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada reduced their price target on shares of Camden Property Trust from $111.00 to $110.00 and set a “sector perform” rating for the company in a research note on Monday, November 10th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $119.04.

Camden Property Trust 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.