FJ Capital Management LLC Buys New Position in Camden Property Trust $CPT

Key Points

• FJ Capital Management LLC acquired a new stake of 2,910 shares in Camden Property Trust, valued at approximately $356,000, during the first quarter.
• Camden Property Trust's stock increased by 1.2% to $112.04, with a market cap of $11.97 billion and a P/E ratio of 78.35.
• The company declared a quarterly dividend of $1.05 per share, yielding 3.7%, while the dividend payout ratio stands at a high 293.71%.

FJ Capital Management LLC purchased a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,910 shares of the real estate investment trust's stock, valued at approximately $356,000.

A number of other large investors have also recently made changes to their positions in the company. Centersquare Investment Management LLC increased its stake in shares of 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 during the period. Wellington Management Group LLP grew its position in shares of 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. grew its position in shares of 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. grew its position in shares of 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 grew its position in shares of 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. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stifel Nicolaus raised Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 price target for the company in a report on Tuesday, August 26th. Truist Financial decreased their price target 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. Royal Bank Of Canada reduced their target price on 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. Barclays reduced their target price on Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Finally, Piper Sandler reduced their target price on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $123.11.

Camden Property Trust Price Performance

Shares of CPT stock traded up $0.91 during mid-day trading on Friday, reaching $111.25. The stock had a trading volume of 995,322 shares, compared to its average volume of 793,592. Camden Property Trust has a 12-month low of $102.35 and a 12-month high of $127.69. The company has a market cap of $11.89 billion, a P/E ratio of 77.79, a price-to-earnings-growth ratio of 3.74 and a beta of 0.80. The business has a 50-day simple moving average of $110.66 and a 200 day simple moving average of $114.81. 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 announced its quarterly earnings results 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 return on equity of 3.30% and a net margin of 9.99%.The business had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. During the same quarter last year, the business posted $1.71 earnings per share. The business's revenue for the quarter was up 2.4% on a year-over-year basis. 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 year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were paid a $1.05 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.20 annualized dividend and a yield of 3.8%. Camden Property Trust's 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.