First Financial Bankshares Inc Trims Stake in Camden Property Trust $CPT

Key Points

• First Financial Bankshares Inc reduced its holdings in Camden Property Trust by 48.0%, selling 78,242 shares and owning approximately 0.08% of the company worth $10,386,000 as of its recent SEC filing.
• Camden Property Trust reported an EPS of $1.70 for its latest quarter, exceeding estimates, and achieved revenue of $396.51 million, which was above analyst expectations.
• Institutional investors and hedge funds collectively own 97.22% of Camden Property Trust's stock, indicating strong interest in the company among major investors.

First Financial Bankshares Inc decreased its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 48.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,922 shares of the real estate investment trust's stock after selling 78,242 shares during the quarter. First Financial Bankshares Inc owned about 0.08% of Camden Property Trust worth $10,386,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CPT. Wells Fargo & Company cut their target price on Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Stifel Nicolaus raised Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 target price for the company in a research note on Tuesday, August 26th. Mizuho cut their target price on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Scotiabank dropped their price objective on Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating for the company in a research note on Thursday, August 14th. Finally, Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Camden Property Trust has a consensus rating of "Hold" and an average target price of $123.11.

Camden Property Trust Stock Up 0.9%

NYSE:CPT traded up $0.93 during midday trading on Thursday, reaching $110.34. The company had a trading volume of 644,195 shares, compared to its average volume of 976,125. The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 77.16, a PEG ratio of 3.80 and a beta of 0.80. The stock's fifty day simple moving average is $110.79 and its 200-day simple moving average is $114.92. Camden Property Trust has a 12-month low of $102.35 and a 12-month high of $127.69. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. The firm had revenue of $396.51 million during the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.Camden Property Trust's revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business 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. On average, 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 firm 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. This represents a $4.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's 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.