First Sabrepoint Capital Management LP Acquires 10,000 Shares of Camden Property Trust $CPT

Key Points

• First Sabrepoint Capital Management LP increased its holdings in Camden Property Trust by 15.4%, acquiring an additional 10,000 shares, which now represents 3.4% of its portfolio.
• Camden Property Trust reported earnings of $1.70 per share for the last quarter, exceeding expectations, with a revenue increase of 2.4% year-over-year.
• The company's recently announced quarterly dividend of $1.05 reflects an annualized yield of 3.7% and a high dividend payout ratio of 293.71%.

First Sabrepoint Capital Management LP raised its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 15.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,000 shares of the real estate investment trust's stock after acquiring an additional 10,000 shares during the period. Camden Property Trust comprises approximately 3.4% of First Sabrepoint Capital Management LP's investment portfolio, making the stock its 10th largest holding. First Sabrepoint Capital Management LP owned 0.07% of Camden Property Trust worth $9,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Tsfg LLC purchased a new position in Camden Property Trust in the first quarter valued at about $40,000. National Pension Service grew its stake in Camden Property Trust by 74.2% in the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust's stock worth $48,000 after buying an additional 167 shares in the last quarter. Allworth Financial LP boosted its stake in Camden Property Trust by 47.4% in the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock worth $56,000 after buying an additional 158 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Camden Property Trust during the 1st quarter valued at about $64,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Camden Property Trust during the first quarter worth about $73,000. 97.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. Citigroup lowered their target price on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, August 14th. Truist Financial cut their target price on Camden Property Trust from $131.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, August 27th. Stifel Nicolaus upgraded Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 price objective on the stock in a report on Tuesday, August 26th. Finally, Wall Street Zen raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $124.04.

Camden Property Trust Stock Up 0.6%

NYSE:CPT traded up $0.71 during mid-day trading on Wednesday, hitting $109.29. The stock had a trading volume of 774,658 shares, compared to its average volume of 844,319. The company has a market capitalization of $11.68 billion, a PE ratio of 76.42, a PEG ratio of 3.80 and a beta of 0.80. Camden Property Trust has a twelve month low of $102.35 and a twelve 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. The stock has a 50-day simple moving average of $110.79 and a two-hundred day simple moving average of $114.92.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The firm had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 EPS. 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, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The business also recently disclosed 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. This represents a $4.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, June 30th. Camden Property Trust's dividend payout ratio is presently 293.71%.

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.