Financiere des Professionnels Fonds d investissement inc. Acquires New Shares in Camden Property Trust $CPT

Key Points

• Financiere des Professionnels Fonds d'investissement inc. acquired a new stake in Camden Property Trust, purchasing 5,397 shares valued at approximately $608,000.
• Significant institutional interest is evident, with over 97% of Camden Property Trust's stock owned by institutional investors and hedge funds, including major transactions by Millennium Management LLC and GAMMA Investing LLC.
• Camden Property Trust announced a quarterly dividend of $1.05 per share, reflecting an annual yield of 3.9% and a high payout ratio of 293.71%.

Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,397 shares of the real estate investment trust's stock, valued at approximately $608,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Centersquare Investment Management LLC lifted its stake in shares of Camden Property Trust by 3.6% in the 1st quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust's stock valued at $319,711,000 after acquiring an additional 91,752 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Camden Property Trust by 9.2% in the 1st quarter. Wellington Management Group LLP now owns 2,271,077 shares of the real estate investment trust's stock valued at $277,753,000 after acquiring an additional 192,133 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Camden Property Trust by 17.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust's stock valued at $227,942,000 after acquiring an additional 273,966 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Camden Property Trust by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,538,038 shares of the real estate investment trust's stock valued at $188,102,000 after acquiring an additional 23,488 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Camden Property Trust by 2.3% in the 1st quarter. Northern Trust Corp now owns 1,452,031 shares of the real estate investment trust's stock valued at $177,583,000 after acquiring an additional 31,955 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock traded up $0.75 during mid-day trading on Friday, hitting $108.07. 1,770,844 shares of the stock were exchanged, compared to its average volume of 802,019. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The company has a 50-day simple moving average of $109.77 and a 200 day simple moving average of $113.83. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market capitalization of $11.55 billion, a P/E ratio of 75.57, a P/E/G ratio of 3.66 and a beta of 0.80.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted 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 net margin of 9.99% and a return on equity of 3.30%. The firm had revenue of $396.51 million for the quarter, compared to analysts' expectations of $393.24 million. During the same quarter last year, the firm earned $1.71 EPS. The company'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. Sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.9%. Camden Property Trust's dividend payout ratio (DPR) is presently 293.71%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group dropped their price target on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. Morgan Stanley decreased their price objective on 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. Truist Financial decreased their price objective on Camden Property Trust from $131.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, August 27th. Evercore ISI increased their price objective on Camden Property Trust from $114.00 to $116.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. increased their price objective on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a report on Tuesday, June 17th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Camden Property Trust currently has an average rating of "Hold" and an average price target of $122.25.

Camden Property Trust 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.