Camden Property Trust $CPT Shares Sold by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC reduced its stake in Camden Property Trust by 4.3%, selling 5,400 shares, now holding 120,600 shares valued at approximately $14.75 million.
• Camden Property Trust's recent earnings report showed an EPS of $1.70, exceeding estimates, with a revenue of $396.51 million reflecting a 2.4% year-over-year increase.
• The company declared a quarterly dividend of $1.05 per share, indicating an annualized yield of 3.9%, despite a high dividend payout ratio of 293.71%.

Ceredex Value Advisors LLC reduced its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 4.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 120,600 shares of the real estate investment trust's stock after selling 5,400 shares during the quarter. Ceredex Value Advisors LLC owned about 0.11% of Camden Property Trust worth $14,749,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Trust Corp raised its holdings in Camden Property Trust by 33.7% during the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after buying an additional 357,718 shares during the period. MQS Management LLC purchased a new position in shares of Camden Property Trust during the first quarter valued at $1,421,000. Freestone Grove Partners LP bought a new stake in Camden Property Trust during the fourth quarter valued at about $591,000. Starwood Capital Group Management L.L.C. boosted its position in Camden Property Trust by 125.6% during the fourth quarter. Starwood Capital Group Management L.L.C. now owns 316,179 shares of the real estate investment trust's stock valued at $36,689,000 after purchasing an additional 176,000 shares in the last quarter. Finally, Chicago Capital LLC acquired a new stake in Camden Property Trust in the first quarter worth about $402,000. 97.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Piper Sandler lowered their price target on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a report on Monday, August 4th. UBS Group reduced their price target on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Truist Financial cut their price objective on Camden Property Trust from $131.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday. Wells Fargo & Company lowered their price target on Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a research note on Tuesday, June 17th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $124.04.

Camden Property Trust Stock Performance

NYSE:CPT traded up $1.30 during mid-day trading on Friday, reaching $112.04. 714,411 shares of the stock were exchanged, compared to its average volume of 952,869. The company has a 50 day simple moving average of $111.10 and a 200-day simple moving average of $115.08. The stock has a market capitalization of $11.97 billion, a P/E ratio of 78.35, a P/E/G ratio of 3.80 and a beta of 0.78. 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 has a 1 year low of $102.35 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The company had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $1.71 EPS. 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 anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued a $1.05 dividend. The ex-dividend date was Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.7%. Camden Property Trust's dividend payout ratio (DPR) is presently 293.71%.

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.