GoodHaven Capital Management LLC Decreases Stake in Camden Property Trust $CPT

GoodHaven Capital Management LLC cut its stake in shares of Camden Property Trust (NYSE:CPT) by 77.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,770 shares of the real estate investment trust’s stock after selling 30,305 shares during the quarter. Camden Property Trust comprises about 0.3% of GoodHaven Capital Management LLC’s investment portfolio, making the stock its 21st largest position. GoodHaven Capital Management LLC’s holdings in Camden Property Trust were worth $988,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Loomis Sayles & Co. L P acquired a new stake in shares of Camden Property Trust in the second quarter valued at about $32,000. IFP Advisors Inc lifted its position in shares of Camden Property Trust by 45.7% during the 2nd quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 101 shares during the period. Cape Investment Advisory Inc. purchased a new stake in shares of Camden Property Trust during the 1st quarter worth approximately $37,000. National Pension Service grew its holdings in shares of Camden Property Trust by 74.2% in the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 167 shares during the period. Finally, Private Trust Co. NA increased its stake in Camden Property Trust by 117.7% in the 2nd quarter. Private Trust Co. NA now owns 431 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Up 0.3%

Camden Property Trust stock opened at $106.34 on Friday. The stock has a 50-day moving average price of $103.45 and a 200 day moving average price of $109.36. Camden Property Trust has a 52 week low of $97.17 and a 52 week high of $127.30. The stock has a market cap of $11.31 billion, a PE ratio of 74.36, a P/E/G ratio of 3.31 and a beta of 0.81. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.02. The company had revenue of $398.24 million for the quarter, compared to analysts’ expectations of $397.89 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.71 EPS. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS. FY 2025 guidance at 6.830-6.87 EPS. Equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were issued a $1.05 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $4.20 annualized dividend and a yield of 3.9%. Camden Property Trust’s payout ratio is 170.04%.

Wall Street Analysts Forecast Growth

CPT has been the topic of a number of research analyst reports. Stifel Nicolaus upgraded Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 target price on the stock in a research report on Tuesday, August 26th. Piper Sandler cut their price target on Camden Property Trust from $117.00 to $111.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. The Goldman Sachs Group lowered shares of Camden Property Trust from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $118.00 to $106.00 in a research report on Wednesday, September 17th. Morgan Stanley lowered their price objective on shares of Camden Property Trust from $124.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Finally, Barclays set a $118.00 target price on shares of Camden Property Trust and gave the stock an “equal weight” rating in a research report on Tuesday. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and an average price target of $117.99.

Camden Property Trust Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.