Resona Asset Management Co. Ltd. Grows Stake in Camden Property Trust $CPT

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Camden Property Trust (NYSE:CPT) by 8.5% to a total of 63,900 shares, valued at approximately $7.82 million.
• Numerous institutional investors have recently adjusted their positions in Camden Property Trust, with 97.22% of the stock owned by institutional investors and hedge funds.
• Camden Property Trust reported a quarterly EPS of $1.70, beating expectations, and announced a dividend of $1.05 per share, reflecting a 3.9% dividend yield.

Resona Asset Management Co. Ltd. boosted its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 8.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,900 shares of the real estate investment trust's stock after purchasing an additional 5,020 shares during the period. Resona Asset Management Co. Ltd. owned about 0.06% of Camden Property Trust worth $7,815,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CPT. Federated Hermes Inc. boosted its stake in shares of Camden Property Trust by 6.5% in the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock worth $170,000 after buying an additional 90 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Camden Property Trust in the fourth quarter worth about $4,885,000. Raymond James Financial Inc. bought a new stake in shares of Camden Property Trust during the 4th quarter valued at about $17,616,000. Townsquare Capital LLC grew its stake in shares of Camden Property Trust by 20.7% during the 4th quarter. Townsquare Capital LLC now owns 2,868 shares of the real estate investment trust's stock valued at $333,000 after purchasing an additional 491 shares during the period. Finally, Jump Financial LLC increased its position in shares of Camden Property Trust by 32.1% during the 4th quarter. Jump Financial LLC now owns 20,777 shares of the real estate investment trust's stock valued at $2,411,000 after purchasing an additional 5,051 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

NYSE CPT traded up $1.7290 on Tuesday, reaching $107.4990. The company had a trading volume of 255,584 shares, compared to its average volume of 983,539. The stock has a market capitalization of $11.49 billion, a PE ratio of 75.14, a price-to-earnings-growth ratio of 3.63 and a beta of 0.78. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. The firm's 50 day moving average price is $112.36 and its 200 day moving average price is $115.57.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 3.30% and a net margin of 9.99%.The business's revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities analysts predict that Camden Property Trust will post 6.76 earnings per share for the current 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 given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, June 30th. Camden Property Trust's payout ratio is currently 293.71%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CPT shares. Morgan Stanley dropped their price objective on shares of Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Scotiabank dropped their price target on shares of 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. Wall Street Zen upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Citigroup lowered their target price on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, August 14th. Finally, Royal Bank Of Canada cut their price target on Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating for the company in a report on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $124.94.

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.