Camden Property Trust $CPT Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. has reduced its stake in Camden Property Trust (CPT) by 7.0%, resulting in ownership of 131,000 shares valued at approximately $14.83 million.
• Camden Property Trust recently reported a $1.70 EPS for the quarter, surpassing analysts' expectations, and declared a quarterly dividend of $1.05, reflecting an annual yield of 3.8%.
• Wall Street analysts maintain a mixed outlook on Camden Property Trust, with a consensus rating of Hold and an average price target of $124.94.

APG Asset Management N.V. cut its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 131,000 shares of the real estate investment trust's stock after selling 9,800 shares during the quarter. APG Asset Management N.V. owned 0.12% of Camden Property Trust worth $14,832,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bellwether Advisors LLC acquired a new stake in shares of Camden Property Trust during the fourth quarter worth $31,000. Tsfg LLC acquired a new stake in shares of Camden Property Trust during the first quarter worth $40,000. National Pension Service lifted its holdings in shares of Camden Property Trust by 74.2% during the first quarter. National Pension Service now owns 392 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 167 shares during the period. Allworth Financial LP lifted its position 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 period. Finally, Catalyst Capital Advisors LLC purchased a new stake in Camden Property Trust in the 1st quarter valued at approximately $64,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

Shares of CPT stock traded up $0.17 during trading hours on Thursday, hitting $110.73. The company's stock had a trading volume of 604,185 shares, compared to its average volume of 981,496. The business has a fifty day moving average of $111.26 and a 200-day moving average of $115.22. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 77.43, a P/E/G ratio of 3.71 and a beta of 0.78. Camden Property Trust has a twelve month low of $102.35 and a twelve month 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 released 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. The business had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The company's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $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. As a group, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, June 30th were given a $1.05 dividend. The ex-dividend date was Monday, June 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.8%. Camden Property Trust's dividend payout ratio is currently 293.71%.

Analyst Ratings Changes

Several research firms have issued reports on CPT. Wells Fargo & Company dropped their target price on Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Wednesday. UBS Group dropped their target price on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. Wall Street Zen upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. 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 research report on Tuesday. Finally, Truist Financial dropped their target price on Camden Property Trust from $131.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of "Hold" and a consensus price target of $124.04.

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.