Eminence Capital LP Lowers Position in Camden Property Trust $CPT

Key Points

• Eminence Capital LP has significantly reduced its stake in Camden Property Trust by 66.9%, selling 546,099 shares and now owning approximately 269,785 shares valued at around $32.99 million.
• Numerous institutional investors have made changes to their stakes in Camden Property Trust, with Nuveen LLC purchasing a new stake worth $123.88 million and other firms like GAMMA Investing LLC and Adage Capital Partners increasing their holdings significantly.
• Camden Property Trust reported earnings of $1.70 EPS for the last quarter, slightly exceeding analysts’ expectations, and plans to maintain robust growth with a projected EPS guidance for FY 2025 between $6.760 and $6.860.

Eminence Capital LP lessened its position in Camden Property Trust (NYSE:CPT - Free Report) by 66.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 269,785 shares of the real estate investment trust's stock after selling 546,099 shares during the period. Eminence Capital LP owned approximately 0.25% of Camden Property Trust worth $32,995,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. MQS Management LLC acquired a new stake in shares of Camden Property Trust in the 1st quarter worth $1,421,000. Starwood Capital Group Management L.L.C. lifted its stake in shares of Camden Property Trust by 125.6% in the 4th quarter. Starwood Capital Group Management L.L.C. now owns 316,179 shares of the real estate investment trust's stock worth $36,689,000 after acquiring an additional 176,000 shares during the period. Chicago Capital LLC acquired a new stake in shares of Camden Property Trust in the 1st quarter worth $402,000. Fifth Third Bancorp lifted its stake in shares of Camden Property Trust by 4.9% in the 1st quarter. Fifth Third Bancorp now owns 5,177 shares of the real estate investment trust's stock worth $633,000 after acquiring an additional 244 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in shares of Camden Property Trust by 18.2% in the 1st quarter. Arkadios Wealth Advisors now owns 2,566 shares of the real estate investment trust's stock worth $314,000 after acquiring an additional 396 shares during the period. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Price Performance

CPT traded down $0.51 during midday trading on Monday, reaching $110.86. 651,207 shares of the company's stock were exchanged, compared to its average volume of 974,326. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $11.85 billion, a PE ratio of 77.52, a P/E/G ratio of 3.78 and a beta of 0.80. The business's 50-day moving average price is $110.66 and its 200 day moving average price is $114.74. 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 issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The business had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The company's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 earnings per share. 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, equities analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, June 30th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's payout ratio is currently 293.71%.

Analyst Ratings Changes

CPT has been the subject of a number of research analyst reports. Scotiabank cut their price target on shares of Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating for the company in a report on Thursday, August 14th. Morgan Stanley cut their price target on shares of Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating for the company in a report on Wednesday, August 13th. Royal Bank Of Canada cut their price target on shares of Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating for the company in a report on Monday, August 4th. Wells Fargo & Company cut their price target on shares of Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Finally, Mizuho cut their price target on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $123.11.

About Camden Property Trust

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.