Dark Forest Capital Management LP Invests $7.77 Million in Camden Property Trust $CPT

Key Points

• Dark Forest Capital Management LP acquired a new position in Camden Property Trust, purchasing 63,519 shares valued at approximately $7.77 million, making it the 17th largest position in its portfolio.
• Camden Property Trust's recent earnings report revealed an EPS of $1.70, slightly above analysts' expectations, with revenue of $396.51 million, an increase of 2.4% year-over-year.
• The stock has received mixed ratings from analysts, with an average price target of $124.04 and recent price reductions from firms such as Barclays and Wells Fargo.

Dark Forest Capital Management LP purchased a new stake in Camden Property Trust (NYSE:CPT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 63,519 shares of the real estate investment trust's stock, valued at approximately $7,768,000. Camden Property Trust accounts for about 0.4% of Dark Forest Capital Management LP's holdings, making the stock its 17th biggest holding. Dark Forest Capital Management LP owned about 0.06% of Camden Property Trust at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CPT. Tsfg LLC acquired a new stake in shares of Camden Property Trust in the 1st quarter valued at approximately $40,000. National Pension Service lifted 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 valued at $48,000 after buying an additional 167 shares during the period. Allworth Financial LP lifted its holdings in shares of Camden Property Trust by 47.4% in the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 158 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Camden Property Trust in the 1st quarter valued at approximately $64,000. Finally, Intact Investment Management Inc. purchased a new position in Camden Property Trust in the 1st quarter valued at approximately $73,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

Camden Property Trust stock traded up $0.91 during mid-day trading on Friday, hitting $111.25. 995,322 shares of the company were exchanged, compared to its average volume of 793,592. 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 business's 50 day simple moving average is $110.66 and its two-hundred day simple moving average is $114.81. The company has a market capitalization of $11.89 billion, a P/E ratio of 77.79, a PEG ratio of 3.74 and a beta of 0.80. Camden Property Trust has a 12-month low of $102.35 and a 12-month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results 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 return on equity of 3.30% and a net margin of 9.99%.The company had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. During the same quarter last year, the business posted $1.71 earnings per share. Camden Property Trust's 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. Analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

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

Wall Street Analyst Weigh In

CPT has been the subject of several research analyst reports. Evercore ISI dropped their price objective on Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating for the company in a research note on Tuesday, August 12th. Wells Fargo & Company dropped their price objective 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. Stifel Nicolaus raised Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 price objective for the company in a research note on Tuesday, August 26th. Piper Sandler dropped 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. Finally, Citigroup dropped their price objective on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Camden Property Trust presently has a consensus rating of "Hold" and a consensus target price of $123.11.

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.