Gries Financial LLC Makes New $1.58 Million Investment in Camden Property Trust $CPT

Key Points

• Gries Financial LLC made a new investment of approximately $1.58 million in Camden Property Trust by acquiring 14,015 shares during the 2nd quarter.
• Camden Property Trust reported $1.70 earnings per share (EPS) for the latest quarter, exceeding estimates, with quarterly revenue of $396.51 million.
• Camden Property Trust announced a quarterly dividend of $1.05 per share, which represents an annualized dividend yield of 3.9%.

Gries Financial LLC bought a new stake in shares of Camden Property Trust (NYSE:CPT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,015 shares of the real estate investment trust's stock, valued at approximately $1,579,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cape Investment Advisory Inc. purchased a new stake in Camden Property Trust during the 1st quarter valued at $37,000. Tsfg LLC purchased a new stake in shares of Camden Property Trust in the 1st quarter worth about $40,000. National Pension Service lifted its position in shares of 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 purchasing an additional 167 shares during the period. Allworth Financial LP lifted its position in shares of Camden Property Trust by 47.4% in the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 158 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Camden Property Trust in the 1st quarter worth about $64,000. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $108.20 on Tuesday. The company has a 50 day moving average price of $109.65 and a 200-day moving average price of $113.68. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $11.56 billion, a PE ratio of 75.67, a P/E/G ratio of 3.66 and a beta of 0.80. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous 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. As a group, equities research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

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 given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, September 30th. Camden Property Trust's payout ratio is 293.71%.

Analyst Upgrades and Downgrades

CPT has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Piper Sandler dropped 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 report on Monday, August 4th. 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. JPMorgan Chase & Co. lifted their price target on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research report on Tuesday, June 17th. Finally, Scotiabank lowered their price target on shares of Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating for the company in a research report on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and an average price target of $122.25.

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.

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