Fox Run Management L.L.C. Buys New Position in Camden Property Trust $CPT

Key Points

• Fox Run Management L.L.C. acquired 11,206 shares of Camden Property Trust, valued at approximately $1,370,000, during the first quarter of the year.
• Camden Property Trust reported earnings of $1.70 per share for the last quarter, exceeding analysts' expectations of $1.69.
• Analysts have mixed ratings on Camden Property Trust, with a majority giving it a "hold" rating and a price target average of $125.59.

Fox Run Management L.L.C. acquired a new stake in Camden Property Trust (NYSE:CPT - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 11,206 shares of the real estate investment trust's stock, valued at approximately $1,370,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Centersquare Investment Management LLC raised its holdings in shares of Camden Property Trust by 3.6% in the first 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 purchasing an additional 91,752 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Camden Property Trust by 17.2% in the first quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust's stock valued at $227,942,000 after buying an additional 273,966 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Camden Property Trust by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,592,266 shares of the real estate investment trust's stock valued at $184,763,000 after buying an additional 7,330 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Camden Property Trust by 1.6% in the first 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 buying an additional 23,488 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Camden Property Trust by 33.7% in the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after buying an additional 357,718 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPT has been the subject of several analyst reports. Scotiabank decreased their target price on shares of 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. Royal Bank Of Canada decreased their target price on shares of Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating for the company in a research note on Monday, August 4th. Piper Sandler decreased their target price on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Wall Street Zen raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Mizuho reduced their price objective on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and an average target price of $124.94.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock traded up $1.8750 during trading on Tuesday, reaching $107.6450. The company's stock had a trading volume of 452,879 shares, compared to its average volume of 984,863. The business's 50-day moving average price is $112.36 and its 200-day moving average price is $115.57. The firm has a market cap of $11.50 billion, a PE ratio of 75.29, a P/E/G ratio of 3.63 and a beta of 0.78. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating 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 return on equity of 3.30% and a net margin of 9.99%.Camden Property Trust's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. Equities analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders 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 dividend yield of 3.9%. Camden Property Trust's dividend payout ratio is currently 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.