18,291 Shares in Camden Property Trust $CPT Acquired by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC has acquired 18,291 shares of Camden Property Trust (NYSE:CPT), valued at approximately $2,061,000, as per their recent SEC filing.
• Camden Property Trust reported quarterly earnings of $1.70 per share, exceeding the consensus estimate, with a revenue of $396.51 million, up 2.4% year-over-year.
• The company announced a quarterly dividend of $1.05 per share, translating to an annualized yield of 4.1%, despite a high payout ratio of 293.71%.

Knights of Columbus Asset Advisors LLC bought a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,291 shares of the real estate investment trust's stock, valued at approximately $2,061,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Camden Property Trust by 16.8% during the first quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 89 shares in the last quarter. Country Club Bank increased its holdings in shares of Camden Property Trust by 0.4% in the first quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust's stock valued at $3,204,000 after buying an additional 92 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Camden Property Trust by 0.5% in the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock valued at $2,514,000 after buying an additional 93 shares in the last quarter. First Manhattan CO. LLC. increased its holdings in shares of Camden Property Trust by 0.3% in the first quarter. First Manhattan CO. LLC. now owns 30,878 shares of the real estate investment trust's stock valued at $3,809,000 after buying an additional 101 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Camden Property Trust by 0.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,395 shares of the real estate investment trust's stock valued at $2,073,000 after buying an additional 103 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Trading Down 1.2%

NYSE CPT opened at $102.94 on Tuesday. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.65. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 71.99, a PEG ratio of 3.53 and a beta of 0.80. The firm's 50 day moving average price is $108.05 and its two-hundred day moving average price is $112.73.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The firm had revenue of $396.51 million for the quarter, compared to analysts' expectations of $393.24 million. During the same period in the previous year, the company posted $1.71 EPS. The company's quarterly revenue was up 2.4% compared to the same quarter last year. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. Equities analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, September 30th. Camden Property Trust's payout ratio is currently 293.71%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group dropped their price target on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. 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 report on Tuesday, August 26th. Truist Financial dropped their price target on Camden Property Trust from $131.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, August 27th. Evercore ISI upped their price target on Camden Property Trust from $114.00 to $116.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. upped their price target on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a report on Tuesday, June 17th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and an average price target of $121.73.

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.

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