Camden Property Trust $CPT Position Increased by Alliancebernstein L.P.

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% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 157,139 shares of the real estate investment trust's stock after acquiring an additional 2,956 shares during the period. Alliancebernstein L.P. owned 0.15% of Camden Property Trust worth $19,218,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Tsfg LLC bought a new position in shares of Camden Property Trust during the first quarter worth about $40,000. National Pension Service grew its position in shares of Camden Property Trust by 74.2% during the first quarter. National Pension Service now owns 392 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 167 shares during the last quarter. Allworth Financial LP grew its position in shares of Camden Property Trust by 47.4% during the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 158 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Camden Property Trust during the first quarter worth about $64,000. Finally, Intact Investment Management Inc. bought a new position in shares of Camden Property Trust during the first quarter worth about $73,000. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

NYSE CPT traded down $1.26 on Friday, reaching $109.50. The company's stock had a trading volume of 514,756 shares, compared to its average volume of 802,867. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69. 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 $11.70 billion, a PE ratio of 76.57, a PEG ratio of 3.76 and a beta of 0.80. The firm's 50 day moving average is $110.36 and its two-hundred day moving average is $114.41.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. During the same period in the prior year, the company earned $1.71 EPS. Camden Property Trust's revenue was up 2.4% on a year-over-year basis. 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 year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's dividend payout ratio is presently 293.71%.

Analysts Set New Price Targets

CPT has been the subject of several research analyst reports. Citigroup reduced their price objective on shares of Camden Property Trust from $138.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, August 14th. Wall Street Zen raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company reduced their price objective on shares of Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Stifel Nicolaus raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 price objective for the company in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a report on Tuesday, June 17th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Camden Property Trust presently has an average rating of "Hold" and a consensus target price of $123.27.

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.