Bayforest Capital Ltd Purchases 3,056 Shares of 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 holdings in Camden Property Trust (NYSE:CPT - Free Report) by 114.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,737 shares of the real estate investment trust's stock after purchasing an additional 3,056 shares during the period. Bayforest Capital Ltd's holdings in Camden Property Trust were worth $702,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Centersquare Investment Management LLC lifted its stake in shares of Camden Property Trust by 3.6% in the 1st quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust's stock worth $319,711,000 after purchasing an additional 91,752 shares during the period. Wellington Management Group LLP lifted its stake in shares of Camden Property Trust by 9.2% in the 1st quarter. Wellington Management Group LLP now owns 2,271,077 shares of the real estate investment trust's stock worth $277,753,000 after purchasing an additional 192,133 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Camden Property Trust by 17.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust's stock worth $227,942,000 after purchasing an additional 273,966 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Camden Property Trust by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,538,038 shares of the real estate investment trust's stock worth $188,102,000 after purchasing an additional 23,488 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Camden Property Trust by 2.3% in the 1st quarter. Northern Trust Corp now owns 1,452,031 shares of the real estate investment trust's stock worth $177,583,000 after purchasing an additional 31,955 shares during the period. Institutional investors own 97.22% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Piper Sandler lowered their price objective on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Evercore ISI reduced their target price on shares of Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating for the company in a report on Tuesday, August 12th. Stifel Nicolaus upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 target price on the stock in a research note on Tuesday, August 26th. Wells Fargo & Company decreased their target price on shares of Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Finally, Scotiabank decreased their target price on shares of Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 14th. Six equities 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 stock. According to data from MarketBeat, Camden Property Trust presently has an average rating of "Hold" and a consensus price target of $123.27.

Camden Property Trust Price Performance

CPT traded up $1.99 on Thursday, hitting $110.84. 607,366 shares of the company's stock traded hands, compared to its average volume of 817,133. The company's 50 day simple moving average is $110.45 and its 200-day simple moving average is $114.54. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 77.51, a P/E/G ratio of 3.69 and a beta of 0.80. Camden Property Trust has a one year low of $102.35 and a one year 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.

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, beating the consensus estimate of $1.69 by $0.01. The company had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The firm's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $1.71 EPS. 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, research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

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

Camden Property Trust 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.