Camden Property Trust $CPT Shares Sold by Royal Bank of Canada

Royal Bank of Canada trimmed its holdings in shares of Camden Property Trust (NYSE:CPT) by 35.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,641 shares of the real estate investment trust’s stock after selling 84,807 shares during the quarter. Royal Bank of Canada’s holdings in Camden Property Trust were worth $15,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CPT. Maverick Capital Ltd. acquired a new position in Camden Property Trust during the fourth quarter worth $202,304,000. Norges Bank acquired a new position in shares of Camden Property Trust in the fourth quarter worth $154,587,000. Viking Global Investors LP increased its position in shares of Camden Property Trust by 41.6% during the third quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock worth $410,755,000 after acquiring an additional 1,130,718 shares during the period. Invesco Ltd. boosted its holdings in Camden Property Trust by 38.4% in the fourth quarter. Invesco Ltd. now owns 3,452,355 shares of the real estate investment trust’s stock valued at $380,035,000 after purchasing an additional 957,896 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Camden Property Trust by 64.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,113,896 shares of the real estate investment trust’s stock worth $232,698,000 after purchasing an additional 825,769 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

CPT has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of Camden Property Trust from $118.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Wall Street Zen cut Camden Property Trust from a “sell” rating to a “strong sell” rating in a research report on Saturday. Weiss Ratings upgraded Camden Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. UBS Group dropped their price objective on Camden Property Trust from $108.00 to $106.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Finally, Cantor Fitzgerald boosted their target price on shares of Camden Property Trust from $102.00 to $111.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $117.25.

Camden Property Trust Trading Up 1.0%

NYSE:CPT opened at $111.86 on Friday. The business’s 50-day moving average is $112.88 and its two-hundred day moving average is $107.57. The firm has a market capitalization of $11.25 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 8.42 and a beta of 0.77. Camden Property Trust has a 12 month low of $96.53 and a 12 month high of $119.81. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.18 and a quick ratio of 0.42.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.49). Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%.The company had revenue of $396.07 million for the quarter, compared to analyst estimates of $392.88 million. During the same period last year, the firm posted $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. Research analysts predict that Camden Property Trust will post 6.74 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were paid a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $4.24 annualized dividend and a yield of 3.8%. Camden Property Trust’s payout ratio is 140.40%.

Camden Property Trust 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.