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Coronation Fund Managers Ltd. Sells 8,247 Shares of Camden Property Trust $CPT

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Key Points

  • Coronation Fund Managers Ltd. reduced its stake in Camden Property Trust by 12.9%, selling 8,247 shares, and now holds approximately 0.05% of the company valued at $6.27 million.
  • The quarterly dividend declared was $1.05 per share, reflecting a yield of 4.1%, while the company's dividend payout ratio stands at 293.71%.
  • Camden Property Trust surpassed earnings expectations, reporting $1.70 EPS and $396.51 million in revenue for the last quarter, indicating a 2.4% increase in revenue compared to the previous year.
  • MarketBeat previews top five stocks to own in November.

Coronation Fund Managers Ltd. lowered its stake in Camden Property Trust (NYSE:CPT - Free Report) by 12.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,660 shares of the real estate investment trust's stock after selling 8,247 shares during the quarter. Coronation Fund Managers Ltd. owned approximately 0.05% of Camden Property Trust worth $6,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale boosted its stake in Camden Property Trust by 0.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 66,275 shares of the real estate investment trust's stock worth $7,430,000 after purchasing an additional 547 shares during the period. CORDA Investment Management LLC. boosted its stake in Camden Property Trust by 0.9% in the 2nd quarter. CORDA Investment Management LLC. now owns 208,931 shares of the real estate investment trust's stock worth $23,544,000 after purchasing an additional 1,807 shares during the period. Chicago Partners Investment Group LLC bought a new position in Camden Property Trust in the 2nd quarter worth about $297,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Camden Property Trust in the 2nd quarter worth about $2,445,000. Finally, Mutual of America Capital Management LLC boosted its stake in Camden Property Trust by 32.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 50,046 shares of the real estate investment trust's stock worth $5,640,000 after purchasing an additional 12,155 shares during the period. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

Shares of CPT stock opened at $103.11 on Tuesday. The firm has a market cap of $11.02 billion, a P/E ratio of 72.11, a P/E/G ratio of 3.47 and a beta of 0.80. Camden Property Trust has a fifty-two week low of $100.60 and a fifty-two week high of $127.65. The business's 50 day moving average price is $106.93 and its 200-day moving average price is $111.46. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18.

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 business had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. During the same period in the previous year, the company posted $1.71 earnings per share. The company's revenue for the quarter 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. 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 firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Camden Property Trust's dividend payout ratio is presently 293.71%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Piper Sandler lowered their price target on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Citigroup lowered their price target on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. Cantor Fitzgerald initiated coverage on Camden Property Trust in a research report on Wednesday, October 1st. They issued a "neutral" rating and a $115.00 target price for the company. Finally, Barclays dropped their target price on Camden Property Trust from $128.00 to $127.00 and set an "overweight" rating for the company in a research report on Tuesday, September 30th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and a consensus target price of $121.61.

View Our Latest Analysis on CPT

Camden Property Trust Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT - Free Report).

Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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