Bayforest Capital Ltd Has $702,000 Position in Camden Property Trust $CPT

Key Points

• Bayforest Capital Ltd increased its stake in Camden Property Trust by 114.0% during the first quarter, now holding shares valued at $702,000.
• Camden Property Trust reported an earnings per share of $1.70 for the last quarter, exceeding analyst expectations of $1.69, and announced a quarterly dividend of $1.05 with a yield of 3.8%.
• Analysts have mixed ratings on the stock, with six buy ratings and an average price target of $123.11, but JPMorgan Chase recently raised its target from $127.00 to $129.00.

Bayforest Capital Ltd lifted its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 114.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,737 shares of the real estate investment trust's stock after acquiring an additional 3,056 shares during the period. Bayforest Capital Ltd's holdings in Camden Property Trust were worth $702,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cape Investment Advisory Inc. bought a new position in shares of Camden Property Trust during the first quarter worth about $37,000. Tsfg LLC bought a new position in Camden Property Trust in the 1st quarter valued at about $40,000. National Pension Service grew its position in Camden Property Trust by 74.2% in the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 167 shares in the last quarter. Allworth Financial LP grew its position in Camden Property Trust by 47.4% in the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 158 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Camden Property Trust in the 1st quarter valued at about $64,000. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Down 1.1%

NYSE:CPT traded down $1.26 during mid-day trading on Friday, reaching $109.50. The stock had a trading volume of 514,756 shares, compared to its average volume of 802,867. The business's 50 day moving average is $110.36 and its 200 day moving average is $114.41. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.69. The stock has a market cap of $11.70 billion, a P/E ratio of 76.57, a PEG ratio of 3.76 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 (NYSE:CPT - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating the consensus estimate of $1.69 by $0.01. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The company had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. During the same quarter last year, the company posted $1.71 earnings per share. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. 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 earnings per share for the current year.

Camden Property Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of recent analyst reports. Barclays decreased their target price on shares of Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. UBS Group reduced their price objective on shares of Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. Stifel Nicolaus upgraded Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 target price on the stock in a report on Tuesday, August 26th. Piper Sandler dropped their target price on 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, Royal Bank Of Canada dropped their price objective on 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. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Camden Property Trust presently has an average rating of "Hold" and an average target price of $123.27.

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.