Camden Property Trust $CPT Position Decreased by PGGM Investments

Key Points

• PGGM Investments has decreased its holdings in Camden Property Trust (CPT) by 27.3%, now owning approximately 0.46% of the company valued at $54.8 million.
• Camden Property Trust reported a quarterly revenue of $396.51 million, exceeding expectations and with an EPS of $1.70, surpassing the consensus estimate by $0.01.
• The firm announced a quarterly dividend of $1.05, representing a yield of 3.9%, which will be paid on October 17th to shareholders on record as of September 30th.

PGGM Investments decreased its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 27.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 486,497 shares of the real estate investment trust's stock after selling 183,044 shares during the period. PGGM Investments owned approximately 0.46% of Camden Property Trust worth $54,823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Truist Financial Corp boosted its position in shares of Camden Property Trust by 759.2% during the 2nd quarter. Truist Financial Corp now owns 34,221 shares of the real estate investment trust's stock valued at $3,856,000 after purchasing an additional 30,238 shares in the last quarter. Chicago Capital LLC boosted its position in shares of Camden Property Trust by 82.4% during the 2nd quarter. Chicago Capital LLC now owns 6,001 shares of the real estate investment trust's stock valued at $676,000 after purchasing an additional 2,711 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Camden Property Trust by 12.6% during the 2nd quarter. V Square Quantitative Management LLC now owns 2,451 shares of the real estate investment trust's stock valued at $276,000 after purchasing an additional 275 shares in the last quarter. First American Bank boosted its holdings in shares of Camden Property Trust by 8.6% in the second quarter. First American Bank now owns 11,754 shares of the real estate investment trust's stock worth $1,325,000 after buying an additional 935 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Camden Property Trust by 2.5% in the second quarter. State of Alaska Department of Revenue now owns 64,599 shares of the real estate investment trust's stock worth $7,278,000 after buying an additional 1,548 shares during the period. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

CPT stock opened at $106.75 on Wednesday. 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 stock has a market cap of $11.41 billion, a P/E ratio of 74.65, a P/E/G ratio of 3.61 and a beta of 0.80. The firm has a 50 day simple moving average of $108.80 and a 200 day simple moving average of $113.21. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.65.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping the consensus estimate of $1.69 by $0.01. The business had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company 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. Research analysts anticipate that Camden Property Trust will post 6.76 earnings per share 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. Shareholders of record on Tuesday, September 30th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.9%. Camden Property Trust's payout ratio is 293.71%.

Analyst Ratings Changes

Several research analysts have commented on CPT shares. Stifel Nicolaus upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 target price for the company in a report on Tuesday, August 26th. UBS Group decreased their target price on shares of Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. Morgan Stanley decreased their target price on shares of Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating for the company in a report on Wednesday, August 13th. Citigroup decreased their target price on shares of Camden Property Trust from $138.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, August 14th. Finally, 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 for the company in a report on Wednesday, August 27th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Camden Property Trust presently has a consensus rating of "Hold" and a consensus price target of $122.18.

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.

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