Camden Property Trust $CPT Shares Bought by Contravisory Investment Management Inc.

Key Points

• Contravisory Investment Management Inc. increased its stake in Camden Property Trust by 62.6%, acquiring an additional 2,464 shares during the second quarter, bringing its total holdings to 6,402 shares worth $721,000.
• The company recently reported a quarterly EPS of $1.70, slightly above analysts' expectations, and set its FY 2025 guidance at 6.760-6.860 EPS.
• Camden Property Trust will be paying a quarterly dividend of $1.05 per share, with an annualized yield of 3.9%, on October 17th.

Contravisory Investment Management Inc. grew its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 62.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,402 shares of the real estate investment trust's stock after purchasing an additional 2,464 shares during the quarter. Contravisory Investment Management Inc.'s holdings in Camden Property Trust were worth $721,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cape Investment Advisory Inc. bought a new position in shares of Camden Property Trust during the first quarter valued at $37,000. Tsfg LLC purchased a new position in Camden Property Trust in the first quarter worth about $40,000. National Pension Service boosted its position in Camden Property Trust by 74.2% in the first quarter. National Pension Service now owns 392 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 167 shares during the last quarter. Allworth Financial LP lifted its position in shares of Camden Property Trust by 47.4% during the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 158 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Camden Property Trust during the 1st quarter valued at about $64,000. Institutional investors own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CPT. Royal Bank Of Canada decreased their target price on Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating on the stock in a research note on Monday, August 4th. Barclays dropped their price objective on Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. The Goldman Sachs Group cut Camden Property Trust from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $118.00 to $106.00 in a report on Wednesday. Citigroup dropped their price objective 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, Scotiabank reduced their target price on Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $122.25.

Camden Property Trust Stock Up 0.7%

CPT traded up $0.75 on Friday, hitting $108.07. 1,770,844 shares of the company were exchanged, compared to its average volume of 802,019. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 75.57, a price-to-earnings-growth ratio of 3.66 and a beta of 0.80. 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 firm has a 50-day moving average price of $109.77 and a two-hundred day moving average price of $113.83.

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 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. During the same period in the previous year, the firm posted $1.71 EPS. Camden Property Trust's revenue for the quarter was up 2.4% on a year-over-year basis. 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 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 will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Camden Property Trust's payout ratio is 293.71%.

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.