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Allianz Asset Management GmbH Lowers Stock Position in Camden Property Trust $CPT

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Key Points

  • Allianz Asset Management GmbH has reduced its stake in Camden Property Trust by 8.9%, now holding 154,297 shares valued at approximately $17.39 million.
  • Institutional investors dominate Camden Property Trust, owning 97.22% of its stock, with many increasing their positions significantly in the first quarter.
  • The company reported $1.70 earnings per share for the last quarter, surpassing analysts' expectations and showing a 2.4% year-over-year revenue growth.
  • MarketBeat previews top five stocks to own in November.

Allianz Asset Management GmbH lowered its position in Camden Property Trust (NYSE:CPT - Free Report) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,297 shares of the real estate investment trust's stock after selling 15,045 shares during the period. Allianz Asset Management GmbH owned about 0.14% of Camden Property Trust worth $17,388,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CPT. Millennium Management LLC grew its position in Camden Property Trust by 1,669.3% during the first quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust's stock valued at $131,880,000 after buying an additional 1,017,388 shares during the period. Nuveen LLC bought a new position in Camden Property Trust during the first quarter valued at about $123,882,000. Woodline Partners LP bought a new position in Camden Property Trust during the first quarter valued at about $45,879,000. JPMorgan Chase & Co. grew its position in Camden Property Trust by 17.2% during the first quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust's stock valued at $227,942,000 after buying an additional 273,966 shares during the period. Finally, Wellington Management Group LLP grew its position in Camden Property Trust by 9.2% during the first 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 buying an additional 192,133 shares during the period. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $102.50 on Monday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $10.95 billion, a PE ratio of 71.68, a P/E/G ratio of 3.47 and a beta of 0.80. Camden Property Trust has a twelve month low of $100.60 and a twelve month high of $127.65. The company has a 50-day moving average price of $106.95 and a two-hundred day moving average price of $111.51.

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

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Tuesday, September 30th. Camden Property Trust's dividend payout ratio (DPR) is 293.71%.

Analyst Ratings Changes

Several equities analysts recently weighed in on CPT shares. Truist Financial reduced their price target on shares of Camden Property Trust from $131.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, August 27th. Stifel Nicolaus upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 price target for the company in a research report on Tuesday, August 26th. Wall Street Zen upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group lowered shares of Camden Property Trust from a "neutral" rating to a "sell" rating and cut their target price for the stock from $118.00 to $106.00 in a research report on Wednesday, September 17th. Finally, Morgan Stanley cut their target price on shares of Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and a consensus target price of $121.61.

Check Out Our Latest Report on Camden Property Trust

About Camden Property Trust

(Free Report)

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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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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