Goldman Sachs Group Inc. Acquires 30,325 Shares of Camden Property Trust $CPT

Key Points

• Goldman Sachs Group Inc. increased its holdings in Camden Property Trust by 4.2%, acquiring an additional 30,325 shares, bringing its total ownership to 758,988 shares valued at approximately $92.8 million.
• Institutional investors own approximately 97.22% of Camden Property Trust, with several hedge funds, including Millennium Management LLC, significantly boosting their stakes in the company.
• Camden Property Trust recently issued a quarterly dividend of $1.05 per share, reflecting an annualized yield of 3.8%, despite a high dividend payout ratio of 293.71%.

Goldman Sachs Group Inc. boosted its position in Camden Property Trust (NYSE:CPT - Free Report) by 4.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 758,988 shares of the real estate investment trust's stock after purchasing an additional 30,325 shares during the quarter. Goldman Sachs Group Inc. owned about 0.71% of Camden Property Trust worth $92,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. MQS Management LLC bought a new stake in shares of Camden Property Trust during the 1st quarter valued at about $1,421,000. FJ Capital Management LLC purchased a new stake in Camden Property Trust in the first quarter valued at approximately $356,000. Alliancebernstein L.P. lifted its position in Camden Property Trust by 1.9% during the first quarter. Alliancebernstein L.P. now owns 157,139 shares of the real estate investment trust's stock valued at $19,218,000 after purchasing an additional 2,956 shares during the last quarter. Starwood Capital Group Management L.L.C. grew its stake in Camden Property Trust by 125.6% in the 4th quarter. Starwood Capital Group Management L.L.C. now owns 316,179 shares of the real estate investment trust's stock worth $36,689,000 after buying an additional 176,000 shares in the last quarter. Finally, Chicago Capital LLC purchased a new position in Camden Property Trust in the 1st quarter worth approximately $402,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CPT has been the topic of several research reports. Scotiabank lowered their price objective on shares of Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 14th. Mizuho lowered their price target on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Evercore ISI upped their price objective on Camden Property Trust from $114.00 to $116.00 and gave the stock an "in-line" rating in a report on Monday. Barclays decreased their price objective on Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. 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 research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $123.41.

Camden Property Trust Trading Down 1.0%

Shares of NYSE:CPT traded down $1.13 during trading on Monday, reaching $108.38. 756,867 shares of the company traded hands, compared to its average volume of 789,129. 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 has a 52-week low of $102.35 and a 52-week high of $127.69. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 75.79, a P/E/G ratio of 3.71 and a beta of 0.80. The business's fifty day moving average is $110.26 and its 200-day moving average is $114.24.

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 company had revenue of $396.51 million during the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The firm's revenue was up 2.4% compared to the same quarter last year. During the same period in the prior 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. As a group, analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.9%. Camden Property Trust's payout ratio is presently 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.