Camden Property Trust $CPT Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its stake in shares of Camden Property Trust (NYSE:CPT) by 26.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,346 shares of the real estate investment trust’s stock after selling 15,595 shares during the quarter. Teacher Retirement System of Texas’ holdings in Camden Property Trust were worth $4,628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in CPT. Norges Bank bought a new position in Camden Property Trust during the 2nd quarter worth $160,217,000. Long Pond Capital LP boosted its holdings in shares of Camden Property Trust by 209.6% during the second quarter. Long Pond Capital LP now owns 1,022,742 shares of the real estate investment trust’s stock valued at $115,253,000 after acquiring an additional 692,412 shares during the period. Invesco Ltd. boosted its holdings in shares of Camden Property Trust by 34.5% during the second quarter. Invesco Ltd. now owns 2,375,058 shares of the real estate investment trust’s stock valued at $267,645,000 after acquiring an additional 609,697 shares during the period. Jennison Associates LLC grew its position in shares of Camden Property Trust by 87.3% during the second quarter. Jennison Associates LLC now owns 1,013,719 shares of the real estate investment trust’s stock worth $114,236,000 after acquiring an additional 472,623 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Camden Property Trust by 518.1% in the 2nd quarter. First Trust Advisors LP now owns 380,294 shares of the real estate investment trust’s stock worth $42,855,000 after acquiring an additional 318,764 shares during the period. Institutional investors own 97.22% of the company’s stock.

Insider Transactions at Camden Property Trust

In related news, CEO Richard J. Campo sold 38,021 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 301,156 shares in the company, valued at $33,060,905.68. The trade was a 11.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Heather J. Brunner sold 2,104 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $109.69, for a total transaction of $230,787.76. Following the sale, the director directly owned 10,205 shares of the company’s stock, valued at approximately $1,119,386.45. This represents a 17.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 52,288 shares of company stock valued at $5,741,857 in the last three months. 1.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Evercore ISI reduced their target price on shares of Camden Property Trust from $115.00 to $108.00 and set an “in-line” rating for the company in a research note on Monday, November 3rd. Scotiabank cut their price target on Camden Property Trust from $126.00 to $115.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 4th. Cantor Fitzgerald reiterated a “neutral” rating and set a $105.00 price objective on shares of Camden Property Trust in a research report on Monday, November 10th. Piper Sandler set a $108.00 price objective on Camden Property Trust in a report on Tuesday. Finally, JPMorgan Chase & Co. upgraded Camden Property Trust from an “underweight” rating to a “neutral” rating and set a $116.00 target price on the stock in a research report on Thursday, December 18th. Six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $117.34.

Camden Property Trust Price Performance

NYSE CPT opened at $109.00 on Wednesday. Camden Property Trust has a 12 month low of $97.17 and a 12 month high of $126.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market capitalization of $11.60 billion, a PE ratio of 44.13, a P/E/G ratio of 3.98 and a beta of 0.81. The company’s 50 day simple moving average is $107.08 and its 200 day simple moving average is $106.86.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.02. The firm had revenue of $398.24 million during the quarter, compared to the consensus estimate of $397.89 million. Camden Property Trust had a return on equity of 5.75% and a net margin of 17.15%.The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $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 research analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Wednesday, December 17th were issued 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%.

About Camden Property Trust

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.