40,456 Shares in Camden Property Trust $CPT Acquired by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC acquired 40,456 shares of Camden Property Trust, valued at approximately $4.95 million, in the first quarter, contributing to a high level of institutional ownership at 97.22%.
• Several analysts have adjusted their price targets down for Camden Property Trust, with Barclays setting a new target of $128.00, while the average analyst consensus rating is currently "Hold".
• The company reported quarterly earnings of $1.70 per share, surpassing estimates, and recently declared a quarterly dividend of $1.05 with a yield of 3.8%.

Cubist Systematic Strategies LLC acquired a new position in Camden Property Trust (NYSE:CPT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 40,456 shares of the real estate investment trust's stock, valued at approximately $4,948,000.

A number of other large investors also recently bought and sold shares of the business. First Sabrepoint Capital Management LP raised its stake in Camden Property Trust by 15.4% in the first quarter. First Sabrepoint Capital Management LP now owns 75,000 shares of the real estate investment trust's stock worth $9,172,000 after buying an additional 10,000 shares in the last quarter. Nomura Holdings Inc. raised its stake in Camden Property Trust by 67.1% in the first quarter. Nomura Holdings Inc. now owns 26,568 shares of the real estate investment trust's stock worth $3,249,000 after buying an additional 10,670 shares in the last quarter. Baird Financial Group Inc. raised its stake in Camden Property Trust by 30.6% in the first quarter. Baird Financial Group Inc. now owns 4,390 shares of the real estate investment trust's stock worth $537,000 after buying an additional 1,028 shares in the last quarter. Evergreen Capital Management LLC bought a new position in Camden Property Trust in the first quarter worth approximately $312,000. Finally, Magnetar Financial LLC bought a new position in Camden Property Trust in the first quarter worth approximately $10,672,000. Institutional investors own 97.22% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CPT shares. Barclays reduced their price objective on shares of Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Royal Bank Of Canada reduced their price objective on shares of Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating for the company in a research note on Monday, August 4th. UBS Group reduced their price objective on shares of Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. Piper Sandler cut their price target on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Finally, Evercore ISI decreased their price objective on Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating for the company in a report on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $123.11.

Camden Property Trust Stock Up 0.6%

Camden Property Trust stock opened at $109.29 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 76.42, a PEG ratio of 3.80 and a beta of 0.80. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. The business has a fifty day moving average price of $110.79 and a 200-day moving average price of $114.92.

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 analysts' consensus estimates of $1.69 by $0.01. The firm had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The business's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.71 EPS. 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 research analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were paid a $1.05 dividend. The ex-dividend date was Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.8%. Camden Property Trust's dividend payout ratio (DPR) is 293.71%.

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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