Camden Property Trust $CPT Shares Purchased by Caitong International Asset Management Co. Ltd

Key Points

• Caitong International Asset Management Co. Ltd significantly increased its holdings in Camden Property Trust by 256,000.0%, now owning 2,561 shares valued at approximately $289,000.
• Camden Property Trust reported earnings of $1.70 EPS for the last quarter, surpassing analysts’ expectations of $1.69, with a revenue growth of 2.4% year-over-year.
• The company declared a quarterly dividend of $1.05, yielding 4.0% annually, but has a high payout ratio of 293.71%.

Caitong International Asset Management Co. Ltd boosted its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 256,000.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,561 shares of the real estate investment trust's stock after buying an additional 2,560 shares during the period. Caitong International Asset Management Co. Ltd's holdings in Camden Property Trust were worth $289,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CPT. GAMMA Investing LLC boosted its stake in Camden Property Trust by 6.9% in the 1st quarter. GAMMA Investing LLC now owns 3,300 shares of the real estate investment trust's stock worth $404,000 after buying an additional 213 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of Camden Property Trust in the 1st quarter valued at about $650,000. Security National Bank lifted its stake in shares of Camden Property Trust by 1.9% in the 1st quarter. Security National Bank now owns 8,434 shares of the real estate investment trust's stock valued at $1,031,000 after purchasing an additional 154 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Camden Property Trust by 0.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 313,753 shares of the real estate investment trust's stock valued at $38,372,000 after purchasing an additional 879 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of Camden Property Trust by 18.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 27,476 shares of the real estate investment trust's stock valued at $3,360,000 after purchasing an additional 4,355 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

Shares of CPT opened at $104.99 on Friday. The business's 50 day moving average is $106.83 and its two-hundred day moving average is $111.33. Camden Property Trust has a 52-week low of $100.60 and a 52-week high of $127.65. The firm has a market cap of $11.22 billion, a price-to-earnings ratio of 73.42, a PEG ratio of 3.54 and a beta of 0.80. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (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 company had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. During the same period in the prior year, the company posted $1.71 EPS. Camden Property Trust's quarterly 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. Analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 30th. Camden Property Trust's payout ratio is 293.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CPT shares. Cantor Fitzgerald started coverage on Camden Property Trust in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $115.00 price objective on the stock. Morgan Stanley reduced 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. Evercore ISI reduced their price objective on Camden Property Trust from $116.00 to $115.00 and set an "in-line" rating on the stock in a research note on Monday, October 13th. 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 research note on Tuesday, July 15th. Finally, Scotiabank reduced their price objective on 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 investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $121.61.

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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