Alliancebernstein L.P. Acquires 2,956 Shares of Camden Property Trust $CPT

Key Points

• Alliancebernstein L.P. increased its holdings in Camden Property Trust by 1.9% in the first quarter, owning 157,139 shares valued at approximately $19.22 million.
• Camden Property Trust's quarterly earnings were reported at $1.70 per share, exceeding the consensus estimate by $0.01, with revenue rising 2.4% year-over-year.
• The firm declared a quarterly dividend of $1.05 per share, resulting in an annualized yield of 3.9%, though its payout ratio stands at 293.71%.

Alliancebernstein L.P. lifted its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,139 shares of the real estate investment trust's stock after purchasing an additional 2,956 shares during the quarter. Alliancebernstein L.P. owned 0.15% of Camden Property Trust worth $19,218,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Centersquare Investment Management LLC raised its position 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 purchasing an additional 91,752 shares during the period. Wellington Management Group LLP grew its stake in Camden Property Trust by 9.2% in the 1st quarter. Wellington Management Group LLP now owns 2,271,077 shares of the real estate investment trust's stock valued at $277,753,000 after purchasing an additional 192,133 shares during the period. JPMorgan Chase & Co. grew its stake in Camden Property Trust by 17.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust's stock valued at $227,942,000 after purchasing an additional 273,966 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Camden Property Trust by 1.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,538,038 shares of the real estate investment trust's stock valued at $188,102,000 after buying an additional 23,488 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Camden Property Trust by 2.3% during the 1st quarter. Northern Trust Corp now owns 1,452,031 shares of the real estate investment trust's stock valued at $177,583,000 after buying an additional 31,955 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPT. 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 research report on Tuesday, July 15th. Barclays cut their price objective on Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Truist Financial cut their price objective on 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. Piper Sandler lowered their target price 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, Scotiabank lowered their price objective on Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating for the company in a research note on Thursday, August 14th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $123.41.

Camden Property Trust Stock Performance

Camden Property Trust stock traded down $1.30 during mid-day trading on Tuesday, reaching $107.07. 935,658 shares of the stock traded hands, compared to its average volume of 772,632. The stock has a market capitalization of $11.44 billion, a PE ratio of 74.87, a price-to-earnings-growth ratio of 3.68 and a beta of 0.80. 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 has a 12-month low of $102.35 and a 12-month high of $127.69. The business's 50-day moving average is $110.14 and its 200-day moving average is $114.19.

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 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. The company 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%.Camden Property Trust's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior 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. As a group, sell-side analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders 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 yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Camden Property Trust's payout ratio is currently 293.71%.

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.