Cramer Rosenthal Mcglynn LLC Sells 73,992 Shares of Camden Property Trust $CPT

Cramer Rosenthal Mcglynn LLC decreased its stake in shares of Camden Property Trust (NYSE:CPT) by 42.1% in the third quarter, Holdings Channel.com reports. The fund owned 101,736 shares of the real estate investment trust’s stock after selling 73,992 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in Camden Property Trust were worth $10,863,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CPT. Norges Bank bought a new position in shares of Camden Property Trust during the 2nd quarter valued at approximately $160,217,000. Long Pond Capital LP raised its stake in 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 purchasing an additional 692,412 shares in the last quarter. Invesco Ltd. raised its stake in 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 purchasing an additional 609,697 shares in the last quarter. First Trust Advisors LP lifted its position in Camden Property Trust by 518.1% during the second quarter. First Trust Advisors LP now owns 380,294 shares of the real estate investment trust’s stock valued at $42,855,000 after purchasing an additional 318,764 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Camden Property Trust by 379.4% in the 2nd quarter. AQR Capital Management LLC now owns 315,526 shares of the real estate investment trust’s stock worth $35,557,000 after buying an additional 249,705 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Trading Down 0.1%

NYSE CPT opened at $108.60 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.14 and a current ratio of 0.14. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 7.46 and a beta of 0.82. The company’s 50-day simple moving average is $108.64 and its two-hundred day simple moving average is $106.56. Camden Property Trust has a one year low of $97.17 and a one year high of $124.60.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 8.36% and a net margin of 24.43%.Camden Property Trust’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 EPS. 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. Equities analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust declared that its board has initiated a stock repurchase plan on Thursday, February 5th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Tuesday, March 31st will be given a dividend of $1.06 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.05. This represents a $4.24 dividend on an annualized basis and a yield of 3.9%. Camden Property Trust’s dividend payout ratio is currently 118.64%.

Insider Activity

In related news, CFO Alexander J. Jessett sold 5,627 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $109.69, for a total transaction of $617,225.63. Following the transaction, the chief financial officer directly owned 141,821 shares of the company’s stock, valued at $15,556,345.49. This represents a 3.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Laurie Baker sold 2,168 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $108.40, for a total transaction of $235,011.20. Following the completion of the transaction, the chief operating officer directly owned 94,468 shares of the company’s stock, valued at $10,240,331.20. The trade was a 2.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 54,625 shares of company stock worth $5,995,193. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CPT. Truist Financial raised their price objective on Camden Property Trust from $116.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Wells Fargo & Company lowered their target price on shares of Camden Property Trust from $111.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Barclays lifted their price target on shares of Camden Property Trust from $118.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Stifel Nicolaus set a $118.50 price objective on shares of Camden Property Trust in a research report on Friday, February 6th. Finally, Wall Street Zen raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.03.

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.