BNP Paribas Financial Markets Reduces Stock Position in Camden Property Trust $CPT

Key Points

• BNP Paribas Financial Markets decreased its stake in Camden Property Trust (CPT) by 9.9%, selling 37,656 shares to hold a total of 341,415 shares worth approximately $41.76 million.
• Several institutional investors, including Nuveen LLC and JPMorgan Chase & Co., have made significant adjustments to their positions in CPT, with Nuveen purchasing a new position valued at $123.88 million.
• Camden Property Trust recently reported an EPS of $1.70 for the last quarter, exceeding estimates and reflecting a 2.4% increase in revenue year-over-year.

BNP Paribas Financial Markets trimmed its stake in Camden Property Trust (NYSE:CPT - Free Report) by 9.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 341,415 shares of the real estate investment trust's stock after selling 37,656 shares during the quarter. BNP Paribas Financial Markets owned about 0.32% of Camden Property Trust worth $41,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Centersquare Investment Management LLC increased its stake in Camden Property Trust by 3.6% in the first quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust's stock valued at $319,711,000 after purchasing an additional 91,752 shares in the last quarter. Wellington Management Group LLP increased its stake in Camden Property Trust by 9.2% in the first quarter. Wellington Management Group LLP now owns 2,271,077 shares of the real estate investment trust's stock valued at $277,753,000 after purchasing an additional 192,133 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Camden Property Trust by 17.2% in the first quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust's stock valued at $227,942,000 after purchasing an additional 273,966 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Camden Property Trust by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,538,038 shares of the real estate investment trust's stock valued at $188,102,000 after purchasing an additional 23,488 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Camden Property Trust by 2.3% in the first quarter. Northern Trust Corp now owns 1,452,031 shares of the real estate investment trust's stock valued at $177,583,000 after purchasing an additional 31,955 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CPT shares. UBS Group reduced their price objective 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. Piper Sandler reduced their price objective on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Morgan Stanley reduced their price objective 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. Mizuho reduced their price objective on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a report on Tuesday, June 17th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $123.11.

Camden Property Trust Stock Performance

CPT traded up $0.93 during midday trading on Thursday, reaching $110.34. The company had a trading volume of 644,195 shares, compared to its average volume of 976,125. 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 $11.79 billion, a PE ratio of 77.16, a P/E/G ratio of 3.80 and a beta of 0.80. Camden Property Trust has a 12-month low of $102.35 and a 12-month high of $127.69. The business has a 50-day moving average price of $110.79 and a two-hundred day moving average price of $114.92.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. The firm had revenue of $396.51 million for 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 company's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company 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. On average, sell-side analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, June 30th. Camden Property Trust's dividend payout ratio is presently 293.71%.

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.