Carronade Capital Management LP Boosts Stock Position in Camden Property Trust $CPT

Key Points

• Carronade Capital Management LP increased its stake in Camden Property Trust by 18.8%, purchasing an additional 13,712 shares, bringing its total holdings to 86,462 shares.
• In the 1st quarter, various institutional investors also boosted their stakes in Camden Property Trust, with several firms increasing their holdings significantly.
• The company recently reported a quarterly dividend of $1.05 per share, resulting in an annualized yield of 3.7%, despite a high dividend payout ratio of 293.71%.

Carronade Capital Management LP increased its stake in Camden Property Trust (NYSE:CPT - Free Report) by 18.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,462 shares of the real estate investment trust's stock after purchasing an additional 13,712 shares during the period. Camden Property Trust makes up approximately 0.6% of Carronade Capital Management LP's portfolio, making the stock its 16th biggest holding. Carronade Capital Management LP owned approximately 0.08% of Camden Property Trust worth $10,574,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Centersquare Investment Management LLC increased its position in shares of 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 worth $319,711,000 after purchasing an additional 91,752 shares during the last quarter. Wellington Management Group LLP increased its position in shares of 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 worth $277,753,000 after purchasing an additional 192,133 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 worth $227,942,000 after purchasing an additional 273,966 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 worth $188,102,000 after purchasing an additional 23,488 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of 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 worth $177,583,000 after purchasing an additional 31,955 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Price Performance

Shares of NYSE CPT traded up $0.91 during midday trading on Friday, reaching $111.25. 995,322 shares of the stock traded hands, compared to its average volume of 976,238. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $11.89 billion, a PE ratio of 77.79, a P/E/G ratio of 3.71 and a beta of 0.80. Camden Property Trust has a one year low of $102.35 and a one year high of $127.69. The company's 50 day moving average is $110.71 and its 200 day moving average is $114.86.

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

Camden Property Trust Dividend Announcement

The business 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. The ex-dividend date was Monday, June 30th. This represents a $4.20 annualized dividend and a yield of 3.8%. Camden Property Trust's dividend payout ratio (DPR) is currently 293.71%.

Analysts Set New Price Targets

CPT has been the subject of a number of research reports. Piper Sandler cut their price objective 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 decreased their price objective on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Mizuho dropped their price objective on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Finally, Evercore ISI dropped their price objective on Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating for the company in a research note on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating, nine have given 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 target price of $123.11.

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.