Cramer Rosenthal Mcglynn LLC Sells 15,074 Shares of Camden Property Trust $CPT

Key Points

• Cramer Rosenthal Mcglynn LLC reduced its holdings in Camden Property Trust by 7.9%, selling 15,074 shares, which now represent 1.6% of its investment portfolio.
• Camden Property Trust recently reported earnings of $1.70 per share, slightly exceeding analysts' estimates, and has set guidance for FY 2025 EPS between 6.760-6.860.
• The firm declared a quarterly dividend of $1.05 per share, translating to a 3.8% yield, though it has a high payout ratio of 293.71%.

Cramer Rosenthal Mcglynn LLC reduced its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,344 shares of the real estate investment trust's stock after selling 15,074 shares during the period. Camden Property Trust comprises approximately 1.6% of Cramer Rosenthal Mcglynn LLC's portfolio, making the stock its 28th biggest holding. Cramer Rosenthal Mcglynn LLC owned about 0.17% of Camden Property Trust worth $21,567,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CPT. Bellwether Advisors LLC bought a new position in Camden Property Trust during the fourth quarter valued at approximately $31,000. Tsfg LLC bought a new position in Camden Property Trust during the first quarter valued at approximately $40,000. National Pension Service grew its position in 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 during the last quarter. Allworth Financial LP grew its position in 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 valued at $56,000 after acquiring an additional 158 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Camden Property Trust during the first quarter valued at approximately $64,000. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Stock Up 1.2%

Camden Property Trust stock traded up $1.30 on Friday, hitting $112.04. 714,411 shares of the stock traded hands, compared to its average volume of 979,875. 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 market cap of $11.97 billion, a P/E ratio of 78.35, a price-to-earnings-growth ratio of 3.75 and a beta of 0.78. The business's fifty day simple moving average is $111.17 and its 200 day simple moving average is $115.16. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $393.24 million. During the same quarter last year, the firm posted $1.71 earnings per share. The company'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. As a group, sell-side analysts forecast 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. Stockholders of record on Monday, June 30th were issued a dividend of $1.05 per share. The ex-dividend date was Monday, June 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.7%. Camden Property Trust's dividend payout ratio (DPR) is presently 293.71%.

Wall Street Analyst Weigh In

A number of research analysts have commented on CPT shares. Wells Fargo & Company reduced their price target on shares of Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Stifel Nicolaus upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 target price on the stock in a report on Tuesday. Piper Sandler cut their target price on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Mizuho cut their target price on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a report on Tuesday, June 17th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust presently has an average rating of "Hold" and an average price target of $124.04.

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.