Dimensional Fund Advisors LP Reduces Stock Position in Camden Property Trust $CPT

Key Points

• Dimensional Fund Advisors LP reduced its stake in Camden Property Trust by 2.1%, now owning approximately 1.46% of the company's shares, valued at $190.7 million.
• Camden Property Trust recently reported earnings of $1.70 per share, exceeding analysts' expectations, with revenue reaching $396.51 million, a 2.4% increase from the previous year.
• The company announced a quarterly dividend of $1.05, representing an annualized yield of 4.0%, despite having a high payout ratio of 293.71%.

Dimensional Fund Advisors LP decreased its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,559,518 shares of the real estate investment trust's stock after selling 32,748 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.46% of Camden Property Trust worth $190,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in shares of Camden Property Trust in the 4th quarter valued at approximately $4,885,000. Raymond James Financial Inc. acquired a new position in Camden Property Trust in the fourth quarter valued at approximately $17,616,000. Townsquare Capital LLC grew its position in Camden Property Trust by 20.7% in the fourth quarter. Townsquare Capital LLC now owns 2,868 shares of the real estate investment trust's stock worth $333,000 after acquiring an additional 491 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Camden Property Trust by 4.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 171,601 shares of the real estate investment trust's stock worth $19,905,000 after acquiring an additional 8,039 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in Camden Property Trust by 35.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,938 shares of the real estate investment trust's stock worth $573,000 after acquiring an additional 1,297 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CPT. Citigroup decreased their price target on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, August 14th. UBS Group reduced 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 report on Tuesday, July 15th. Scotiabank decreased their target price on shares of 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. Evercore ISI dropped their price target on shares of Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating for the company in a research report on Tuesday, August 12th. Finally, Piper Sandler reduced their price target on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and a consensus price target of $124.94.

Camden Property Trust Trading Up 1.2%

NYSE:CPT traded up $1.3220 on Friday, reaching $109.3420. 864,766 shares of the company's stock were exchanged, compared to its average volume of 984,528. The firm has a market capitalization of $11.68 billion, a price-to-earnings ratio of 76.46, a price-to-earnings-growth ratio of 3.68 and a beta of 0.78. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69. 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 business has a fifty day moving average of $111.77 and a 200-day moving average of $115.43.

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 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 firm had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. During the same quarter in the previous year, the business posted $1.71 earnings per share. The business's quarterly revenue 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. As a group, analysts expect 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. Shareholders 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 yield of 3.8%. Camden Property Trust's dividend payout ratio is 293.71%.

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.