Camden Property Trust (NYSE:CPT – Get Free Report)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $96.71 and last traded at $96.67, with a volume of 805774 shares. The stock had previously closed at $97.67.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on CPT. Morgan Stanley reduced their price objective on Camden Property Trust from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 16th. Royal Bank Of Canada lowered their target price on Camden Property Trust from $109.00 to $108.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 10th. UBS Group upped their price target on Camden Property Trust from $105.00 to $108.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Mizuho increased their price target on Camden Property Trust from $114.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Finally, Wall Street Zen lowered Camden Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $115.16.
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Camden Property Trust Stock Performance
Camden Property Trust (NYSE:CPT – Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.29). The business had revenue of $396.08 million during the quarter, compared to analysts’ expectations of $393.05 million. Camden Property Trust had a net margin of 24.43% and a return on equity of 8.36%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 earnings per share. Camden Property Trust has set its Q1 2026 guidance at 1.640-1.680 EPS and its FY 2026 guidance at 6.600-6.900 EPS. As a group, equities analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.
Camden Property Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Tuesday, March 31st will be paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.05. Camden Property Trust’s dividend payout ratio is presently 118.64%.
Camden Property Trust announced that its board has initiated a share repurchase plan on Thursday, February 5th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 5.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Insider Buying and Selling
In other Camden Property Trust news, CFO Alexander J. Jessett sold 5,627 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $109.69, for a total value of $617,225.63. Following the completion of the transaction, the chief financial officer owned 141,821 shares in the company, valued at $15,556,345.49. This trade represents a 3.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Heather J. Brunner sold 2,104 shares of Camden Property Trust stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $109.69, for a total value of $230,787.76. Following the transaction, the director directly owned 10,205 shares of the company’s stock, valued at $1,119,386.45. The trade was a 17.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 54,625 shares of company stock worth $5,995,193. Company insiders own 1.80% of the company’s stock.
Hedge Funds Weigh In On Camden Property Trust
Several hedge funds have recently bought and sold shares of the company. Legacy Wealth Asset Management LLC lifted its stake in Camden Property Trust by 1.6% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,074 shares of the real estate investment trust’s stock worth $669,000 after purchasing an additional 93 shares in the last quarter. Intact Investment Management Inc. boosted its holdings in Camden Property Trust by 16.7% in the 2nd quarter. Intact Investment Management Inc. now owns 700 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 100 shares during the period. New Mexico Educational Retirement Board grew its position in shares of Camden Property Trust by 2.1% during the 4th quarter. New Mexico Educational Retirement Board now owns 4,900 shares of the real estate investment trust’s stock valued at $539,000 after purchasing an additional 100 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Camden Property Trust by 38.1% during the 4th quarter. Hantz Financial Services Inc. now owns 388 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 107 shares in the last quarter. Finally, Norinchukin Bank The increased its holdings in shares of Camden Property Trust by 1.0% in the third quarter. Norinchukin Bank The now owns 11,178 shares of the real estate investment trust’s stock worth $1,194,000 after purchasing an additional 107 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.
Camden Property Trust Company Profile
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.
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