Norges Bank Invests $160.22 Million in Camden Property Trust $CPT

Norges Bank purchased a new stake in Camden Property Trust (NYSE:CPT) during the second quarter, HoldingsChannel reports. The institutional investor purchased 1,421,746 shares of the real estate investment trust’s stock, valued at approximately $160,217,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CPT. Geode Capital Management LLC increased its position in Camden Property Trust by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,961,433 shares of the real estate investment trust’s stock worth $332,432,000 after purchasing an additional 51,357 shares in the last quarter. Centersquare Investment Management LLC grew its stake in shares of Camden Property Trust by 3.6% during the first quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust’s stock worth $319,711,000 after buying an additional 91,752 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Camden Property Trust by 9.2% during the first quarter. Wellington Management Group LLP now owns 2,271,077 shares of the real estate investment trust’s stock worth $277,753,000 after buying an additional 192,133 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Camden Property Trust by 0.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,869,638 shares of the real estate investment trust’s stock valued at $210,690,000 after acquiring an additional 5,846 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Camden Property Trust by 4.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,604,077 shares of the real estate investment trust’s stock valued at $180,763,000 after acquiring an additional 66,039 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $106.10 on Wednesday. The stock’s 50 day moving average is $103.37 and its 200 day moving average is $109.08. Camden Property Trust has a one year low of $97.17 and a one year high of $126.55. The firm has a market cap of $11.29 billion, a P/E ratio of 42.96, a P/E/G ratio of 3.52 and a beta of 0.82. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.13 and a quick ratio of 0.13.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.02. The business had revenue of $398.24 million during the quarter, compared to the consensus estimate of $397.89 million. Camden Property Trust had a net margin of 17.15% and a return on equity of 5.75%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.71 EPS. Camden Property Trust has set its Q4 2025 guidance at 1.710-1.750 EPS and its FY 2025 guidance at 6.830-6.87 EPS. As a group, research analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is currently 170.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Evercore ISI reduced their price objective on Camden Property Trust from $115.00 to $108.00 and set an “in-line” rating on the stock in a research report on Monday, November 3rd. Stifel Nicolaus raised Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 price target on the stock in a research note on Tuesday, August 26th. Mizuho reduced their price target on Camden Property Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Morgan Stanley lowered their price objective on Camden Property Trust from $124.00 to $123.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Finally, Truist Financial cut their target price on shares of Camden Property Trust from $131.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, August 27th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price of $117.99.

About Camden Property Trust

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.