Camden Property Trust $CPT Stock Bought by NovaPoint Capital LLC

NovaPoint Capital LLC lifted its position in shares of Camden Property Trust (NYSE:CPT) by 197.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,411 shares of the real estate investment trust’s stock after acquiring an additional 7,578 shares during the quarter. NovaPoint Capital LLC’s holdings in Camden Property Trust were worth $1,104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPT. Kings Path Partners LLC bought a new position in Camden Property Trust in the third quarter valued at about $29,000. James T. Borello RIA raised its holdings in Camden Property Trust by 76.3% during the 3rd quarter. James T. Borello RIA now owns 409 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 177 shares during the last quarter. Summit Securities Group LLC raised its holdings in Camden Property Trust by 169.6% during the 1st quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 268 shares during the last quarter. Western Wealth Management LLC bought a new stake in Camden Property Trust during the 1st quarter worth about $55,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Camden Property Trust during the 2nd quarter worth about $55,000. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Down 0.7%

Shares of Camden Property Trust stock traded down $0.69 during trading on Friday, hitting $102.05. 1,018,188 shares of the company were exchanged, compared to its average volume of 1,015,581. The firm has a market capitalization of $10.26 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 7.65 and a beta of 0.79. Camden Property Trust has a 1-year low of $95.30 and a 1-year high of $119.81. The firm’s fifty day moving average price is $101.77 and its 200 day moving average price is $106.52. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.18 and a quick ratio of 0.18.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.49). Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. The firm had revenue of $396.07 million during the quarter, compared to analyst estimates of $392.88 million. During the same quarter in the prior year, the business earned $1.70 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. As a group, sell-side analysts expect that Camden Property Trust will post 6.75 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, September 30th were given a $1.06 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.2%. Camden Property Trust’s dividend payout ratio is currently 140.40%.

Analyst Ratings Changes

CPT has been the topic of several recent research reports. Wall Street Zen lowered shares of Camden Property Trust from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 17th. UBS Group lowered their price target on shares of Camden Property Trust from $105.00 to $101.00 and set a “neutral” rating for the company in a research report on Wednesday, October 14th. Evercore set a $110.00 price target on shares of Camden Property Trust in a research note on Monday, September 21st. Piper Sandler cut their price objective on shares of Camden Property Trust from $119.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Finally, Stifel Nicolaus set a $123.25 price objective on shares of Camden Property Trust in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $111.62.

About Camden Property Trust

Camden Property Trust (NYSE:CPT) is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides rental housing to individuals and families through a portfolio of communities offering a range of apartment layouts, amenities, and resident services.

Camden focuses primarily on high-growth markets in the Sun Belt, including metropolitan areas in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, and Tennessee. Its communities are generally located in major urban and suburban markets and are managed through the company’s in-house property management platform.

Founded in 1993 and headquartered in Houston, Texas, Camden Property Trust has expanded through apartment development, acquisitions, and ongoing property renovations.