AQR Capital Management LLC Trims Stake in Camden Property Trust $CPT

Key Points

• AQR Capital Management LLC reduced its stake in Camden Property Trust (CPT) by 21.6%, holding approximately $8.05 million worth of shares after selling 18,180 shares during the first quarter.
• Camden Property Trust recently reported $1.70 EPS for the quarter, slightly exceeding analysts' expectations, with revenue of $396.51 million, up 2.4% from the previous year.
• The company announced a quarterly dividend of $1.05 per share, representing a 3.8% yield, with a high dividend payout ratio of 293.71%.

AQR Capital Management LLC lowered its position in Camden Property Trust (NYSE:CPT - Free Report) by 21.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,821 shares of the real estate investment trust's stock after selling 18,180 shares during the quarter. AQR Capital Management LLC owned about 0.06% of Camden Property Trust worth $8,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPT. Smartleaf Asset Management LLC boosted its position in shares of Camden Property Trust by 16.8% during the first quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust's stock valued at $76,000 after buying an additional 89 shares during the period. Country Club Bank lifted its position in shares of Camden Property Trust by 0.4% during the first quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust's stock worth $3,204,000 after purchasing an additional 92 shares during the last quarter. Amalgamated Bank boosted its position in Camden Property Trust by 0.5% in the 1st quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock valued at $2,514,000 after buying an additional 93 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Camden Property Trust by 0.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust's stock worth $2,102,000 after acquiring an additional 98 shares in the last quarter. Finally, First Manhattan CO. LLC. increased its position in shares of Camden Property Trust by 0.3% during the first quarter. First Manhattan CO. LLC. now owns 30,878 shares of the real estate investment trust's stock worth $3,809,000 after acquiring an additional 101 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

CPT stock traded down $1.13 during midday trading on Monday, reaching $108.38. The stock had a trading volume of 756,827 shares, compared to its average volume of 969,442. 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 firm has a fifty day simple moving average of $110.36 and a two-hundred day simple moving average of $114.35. The stock has a market cap of $11.58 billion, a PE ratio of 75.79, a P/E/G ratio of 3.71 and a beta of 0.80. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data 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. The firm 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%.The company's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $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, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on CPT. UBS Group reduced their price objective on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. Citigroup cut their price target on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, August 14th. Evercore ISI upped their price objective on shares of Camden Property Trust from $114.00 to $116.00 and gave the stock an "in-line" rating in a research note on Monday. Wells Fargo & Company reduced their price target on Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Finally, Truist Financial cut their price objective on shares of 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. Six investment 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, the stock currently has an average rating of "Hold" and an average target price of $123.41.

About Camden Property Trust

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.