Canada Pension Plan Investment Board Sells 3,900 Shares of Camden Property Trust $CPT

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Camden Property Trust (CPT) by 4.2%, selling 3,900 shares and now holding 90,000 shares valued at approximately $11 million.
• Multiple hedge funds have recently adjusted their positions in CPT, with significant increases from firms like Axiom Investors LLC DE and Jump Financial LLC.
• Camden Property Trust reported an EPS of $1.70 for the last quarter, surpassing analysts' expectations, and set an FY 2025 EPS guidance between 6.760 and 6.860.

Canada Pension Plan Investment Board reduced its stake in Camden Property Trust (NYSE:CPT - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,000 shares of the real estate investment trust's stock after selling 3,900 shares during the period. Canada Pension Plan Investment Board owned 0.08% of Camden Property Trust worth $11,007,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Tsfg LLC acquired a new position in Camden Property Trust during the 1st quarter worth approximately $40,000. National Pension Service increased 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 valued at $48,000 after acquiring an additional 167 shares in the last quarter. Allworth Financial LP raised its position in shares of Camden Property Trust by 47.4% during the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 158 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Camden Property Trust in the 1st quarter worth $64,000. Finally, Intact Investment Management Inc. bought a new position in shares of Camden Property Trust in the 1st quarter worth $73,000. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

Shares of CPT stock traded up $0.91 during trading on Friday, hitting $111.25. The company's stock had a trading volume of 995,322 shares, compared to its average volume of 811,042. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The company has a market cap of $11.89 billion, a PE ratio of 77.79, a P/E/G ratio of 3.78 and a beta of 0.80. The business has a fifty day moving average of $110.66 and a 200-day moving average of $114.74. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping 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 business had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. During the same period last year, the company posted $1.71 earnings per share. Camden Property Trust's quarterly revenue was up 2.4% compared to the same quarter last year. 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, research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

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

Wall Street Analyst Weigh In

CPT has been the subject of a number of recent research reports. Royal Bank Of Canada decreased their price target on shares of Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating for the company in a research note on Monday, August 4th. Citigroup decreased their target price on shares of Camden Property Trust from $138.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, August 14th. Scotiabank dropped their target price on Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. Truist Financial cut 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, August 27th. Finally, Wall Street Zen upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and an average price target of $123.11.

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.