AlphaQuest LLC Makes New $2.47 Million Investment in Camden Property Trust $CPT

Key Points

• AlphaQuest LLC acquired a new stake in Camden Property Trust, purchasing 20,170 shares valued at around $2.5 million.
• Camden Property Trust reported earnings of $1.70 per share, exceeding analysts' expectations and indicating a 2.4% year-over-year revenue growth.
• The company declared a quarterly dividend of $1.05 per share, reflecting an annualized yield of 3.9% despite a high payout ratio of 293.71%.

AlphaQuest LLC acquired a new position in Camden Property Trust (NYSE:CPT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,170 shares of the real estate investment trust's stock, valued at approximately $2,467,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp grew its holdings in Camden Property Trust by 33.7% in the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock worth $164,786,000 after purchasing an additional 357,718 shares during the period. MQS Management LLC purchased a new stake in Camden Property Trust in the first quarter worth about $1,421,000. Freestone Grove Partners LP purchased a new stake in Camden Property Trust in the fourth quarter worth about $591,000. Starwood Capital Group Management L.L.C. grew its holdings in Camden Property Trust by 125.6% in the fourth quarter. Starwood Capital Group Management L.L.C. now owns 316,179 shares of the real estate investment trust's stock worth $36,689,000 after purchasing an additional 176,000 shares during the period. Finally, Chicago Capital LLC purchased a new stake in shares of Camden Property Trust during the first quarter valued at approximately $402,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

CPT stock traded up $0.43 on Tuesday, hitting $109.30. The company had a trading volume of 1,549,854 shares, compared to its average volume of 985,531. Camden Property Trust has a 12-month low of $102.35 and a 12-month high of $127.69. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The stock's 50-day simple moving average is $111.50 and its 200 day simple moving average is $115.30. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 76.43, a P/E/G ratio of 3.71 and a beta of 0.78.

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 (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $393.24 million. During the same quarter last year, the company posted $1.71 earnings per share. The firm'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. As a group, equities research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

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

Wall Street Analyst Weigh In

CPT has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating on the stock in a report on Monday, August 4th. Stifel Nicolaus upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 price target on the stock in a report on Tuesday. Morgan Stanley cut their price target on shares of Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Piper Sandler cut their price target on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Finally, Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the company a "buy" rating in a report on Monday, May 19th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and an average price target of $124.99.

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.