Norges Bank Takes $154.59 Million Position in Camden Property Trust $CPT

Norges Bank purchased a new stake in shares of Camden Property Trust (NYSE:CPT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,404,312 shares of the real estate investment trust’s stock, valued at approximately $154,587,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allianz Asset Management GmbH lifted its holdings in shares of Camden Property Trust by 7.8% during the third quarter. Allianz Asset Management GmbH now owns 166,280 shares of the real estate investment trust’s stock valued at $17,755,000 after purchasing an additional 11,983 shares in the last quarter. Waterfall Asset Management LLC bought a new position in shares of Camden Property Trust during the third quarter valued at $3,257,000. American Century Companies Inc. increased its position in Camden Property Trust by 21.2% during the third quarter. American Century Companies Inc. now owns 195,488 shares of the real estate investment trust’s stock valued at $20,874,000 after acquiring an additional 34,204 shares during the last quarter. Centersquare Investment Management LLC increased its position in Camden Property Trust by 1.4% during the third quarter. Centersquare Investment Management LLC now owns 2,730,472 shares of the real estate investment trust’s stock valued at $291,560,000 after acquiring an additional 38,897 shares during the last quarter. Finally, Caprock Group LLC purchased a new stake in Camden Property Trust during the third quarter valued at $1,810,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Stock Up 2.8%

Camden Property Trust stock opened at $109.03 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a fifty day moving average of $103.19 and a 200 day moving average of $105.38. The stock has a market cap of $10.96 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 7.89 and a beta of 0.80. Camden Property Trust has a one year low of $96.53 and a one year high of $119.00.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.12. The business had revenue of $390.92 million during the quarter, compared to analysts’ expectations of $378.11 million. Camden Property Trust had a return on equity of 8.71% and a net margin of 24.69%.The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.72 earnings per share. Camden Property Trust has set its FY 2026 guidance at 6.600-6.900 EPS and its Q2 2026 guidance at 1.650-1.690 EPS. As a group, sell-side analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust announced that its Board of Directors has approved a share repurchase program on Thursday, February 5th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 5.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms recently commented on CPT. Cantor Fitzgerald reduced their price objective on Camden Property Trust from $108.00 to $102.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Camden Property Trust in a research report on Monday, April 20th. Barclays upped their price objective on Camden Property Trust from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Royal Bank Of Canada upped their price objective on Camden Property Trust from $104.00 to $105.00 and gave the company a “sector perform” rating in a research report on Monday, May 4th. Finally, Evercore set a $107.00 price objective on Camden Property Trust in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Camden Property Trust presently has an average rating of “Hold” and an average price target of $113.05.

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.