BROOKFIELD Corp ON Invests $19.09 Million in Camden Property Trust $CPT

Key Points

• BROOKFIELD Corp ON made a new investment in Camden Property Trust, acquiring 156,068 shares valued at approximately $19.09 million during the first quarter, increasing its stake to 0.15%.
• Several institutional investors also entered positions in Camden Property Trust in the first quarter, reflecting a robust investor interest as institutional ownership now stands at 97.22%.
• Camden Property Trust recently announced a quarterly dividend of $1.05 per share, which translates to a 3.8% yield, despite a high dividend payout ratio of 293.71%.

BROOKFIELD Corp ON bought a new stake in Camden Property Trust (NYSE:CPT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 156,068 shares of the real estate investment trust's stock, valued at approximately $19,087,000. BROOKFIELD Corp ON owned approximately 0.15% of Camden Property Trust as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CPT. Cape Investment Advisory Inc. bought a new position in shares of Camden Property Trust in the first quarter valued at approximately $37,000. Tsfg LLC purchased a new position in Camden Property Trust in the first quarter valued at approximately $40,000. National Pension Service lifted its stake in Camden Property Trust by 74.2% in the first quarter. National Pension Service now owns 392 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 167 shares during the last quarter. Allworth Financial LP lifted its stake in Camden Property Trust by 47.4% in the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 158 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Camden Property Trust in the first quarter valued at approximately $64,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Price Performance

CPT traded up $0.20 during trading on Wednesday, reaching $107.32. The stock had a trading volume of 374,813 shares, compared to its average volume of 965,880. The stock has a market cap of $11.47 billion, a PE ratio of 75.05, a PEG ratio of 3.68 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. Camden Property Trust has a one year low of $102.35 and a one year high of $127.69. The business has a 50-day moving average of $110.14 and a 200-day moving average of $114.19.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $396.51 million for the quarter, compared to analysts' expectations of $393.24 million. During the same quarter in the prior year, the firm earned $1.71 earnings per share. The firm's 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 anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.9%. Camden Property Trust's dividend payout ratio (DPR) is presently 293.71%.

Wall Street Analyst Weigh In

CPT has been the topic of several research analyst reports. Piper Sandler dropped their price objective on 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. Morgan Stanley dropped their price objective on Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. The Goldman Sachs Group downgraded Camden Property Trust from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $118.00 to $106.00 in a research note on Wednesday. Evercore ISI upped their price objective on Camden Property Trust from $114.00 to $116.00 and gave the company an "in-line" rating in a research note on Monday. Finally, Wall Street Zen upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $122.25.

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.