Cookson Peirce & Co. Inc. Purchases Shares of 6,389 Camden Property Trust $CPT

Key Points

• Cookson Peirce & Co. Inc. has acquired a new stake in Camden Property Trust, purchasing 6,389 shares valued at approximately $781,000 during the first quarter.
• Camden Property Trust recently reported quarterly earnings with an EPS of $1.70, slightly beating analysts' expectations, and showing a 2.4% year-over-year increase in revenue.
• The company declared a quarterly dividend of $1.05, with a 4.0% dividend yield, reflecting a high payout ratio of 293.71%.

Cookson Peirce & Co. Inc. bought a new stake in Camden Property Trust (NYSE:CPT - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,389 shares of the real estate investment trust's stock, valued at approximately $781,000.

A number of other institutional investors have also modified their holdings of the business. Federated Hermes Inc. increased its holdings 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 valued at $170,000 after acquiring an additional 90 shares during the period. Country Club Bank increased its stake in Camden Property Trust by 0.4% in the 1st quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust's stock valued at $3,204,000 after buying an additional 92 shares during the period. Amalgamated Bank increased its stake in Camden Property Trust by 0.5% in the 1st quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock valued at $2,514,000 after buying an additional 93 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Camden Property Trust by 0.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust's stock valued at $2,102,000 after buying an additional 98 shares during the period. Finally, Signaturefd LLC increased its stake in Camden Property Trust by 8.5% in the 1st quarter. Signaturefd LLC now owns 1,333 shares of the real estate investment trust's stock valued at $163,000 after buying an additional 104 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Up 2.1%

Shares of Camden Property Trust stock traded up $2.1870 on Tuesday, hitting $107.9570. 713,692 shares of the company's stock traded hands, compared to its average volume of 986,709. The stock has a market cap of $11.54 billion, a P/E ratio of 75.47, a PEG ratio of 3.63 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. The firm's 50-day moving average is $112.36 and its 200 day moving average is $115.57. 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The company had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. During the same period in the prior year, the company earned $1.71 EPS. Camden Property Trust's revenue 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. Equities analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's dividend payout ratio (DPR) is presently 293.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Evercore ISI decreased their target price on shares of Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating on the stock in a research report on Tuesday, August 12th. UBS Group decreased their price objective on shares of Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. JPMorgan Chase & Co. boosted their price objective on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a research report on Tuesday, June 17th. Piper Sandler decreased their price objective on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Finally, Citigroup reduced their target price on shares of Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $124.94.

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.