Boothbay Fund Management LLC Makes New $7.24 Million Investment in Camden Property Trust $CPT

Key Points

• Boothbay Fund Management LLC has acquired 59,195 shares of Camden Property Trust, valued at approximately $7.24 million, representing 0.06% of the company as of their latest SEC filing.
• Analysts have varied opinions on Camden Property Trust; price targets have been adjusted by firms such as JPMorgan Chase, Wells Fargo, and Piper Sandler, with the average target price now at $123.11.
• The recent quarterly earnings report showed Camden Property Trust beating estimates with $1.70 earnings per share, while also announcing a quarterly dividend of $1.05 per share.

Boothbay Fund Management LLC acquired a new stake in Camden Property Trust (NYSE:CPT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 59,195 shares of the real estate investment trust's stock, valued at approximately $7,240,000. Boothbay Fund Management LLC owned 0.06% of Camden Property Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Alliancebernstein L.P. raised its holdings in shares of Camden Property Trust by 1.9% in the 1st quarter. Alliancebernstein L.P. now owns 157,139 shares of the real estate investment trust's stock valued at $19,218,000 after buying an additional 2,956 shares during the period. Beaird Harris Wealth Management LLC acquired a new position in Camden Property Trust during the 1st quarter worth $119,000. AlTi Global Inc. grew its stake in Camden Property Trust by 11.5% during the 1st quarter. AlTi Global Inc. now owns 2,323 shares of the real estate investment trust's stock worth $287,000 after purchasing an additional 239 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in Camden Property Trust by 380.9% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 239,000 shares of the real estate investment trust's stock worth $29,230,000 after purchasing an additional 189,300 shares in the last quarter. Finally, Perbak Capital Partners LLP acquired a new position in Camden Property Trust during the 1st quarter worth $682,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

Shares of CPT stock traded down $0.16 during trading hours on Tuesday, reaching $110.76. 274,093 shares of the company's stock were exchanged, compared to its average volume of 970,193. The company has a market cap of $11.83 billion, a P/E ratio of 77.44, a price-to-earnings-growth ratio of 3.78 and a beta of 0.80. The company's 50 day moving average is $110.63 and its two-hundred day moving average is $114.67. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18.

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

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were given a dividend of $1.05 per share. 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 payout ratio is presently 293.71%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Stifel Nicolaus raised Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 target price for the company in a research note on Tuesday, August 26th. Wells Fargo & Company lowered their target price on Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. UBS Group reduced their price objective on 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. Finally, Piper Sandler reduced their price objective on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Camden Property Trust presently has an average rating of "Hold" and an average target price of $123.11.

Camden Property Trust Company 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.