HGI Capital Management LLC Has $3.40 Million Stock Position in Camden Property Trust $CPT

Key Points

• HGI Capital Management LLC reduced its holdings in Camden Property Trust by 38.4%, selling 17,339 shares and now holding 27,792 shares worth approximately $3.4 million.
• Camden Property Trust reported a quarterly EPS of $1.70, slightly exceeding analysts' expectations, with revenues of $396.51 million for the quarter.
• The company has announced a quarterly dividend of $1.05, equating to an annualized dividend of $4.20 and a dividend yield of 3.8%.

HGI Capital Management LLC cut its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 38.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,792 shares of the real estate investment trust's stock after selling 17,339 shares during the period. Camden Property Trust accounts for 4.2% of HGI Capital Management LLC's holdings, making the stock its 13th largest position. HGI Capital Management LLC's holdings in Camden Property Trust were worth $3,399,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Northern Trust Corp lifted its position in Camden Property Trust by 33.7% during the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock worth $164,786,000 after acquiring an additional 357,718 shares during the last quarter. MQS Management LLC bought a new position in shares of Camden Property Trust during the first quarter worth approximately $1,421,000. Freestone Grove Partners LP bought a new position in shares of Camden Property Trust during the fourth quarter worth approximately $591,000. Starwood Capital Group Management L.L.C. increased its holdings in shares of Camden Property Trust by 125.6% during the fourth 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 purchasing an additional 176,000 shares during the period. Finally, Chicago Capital LLC bought a new position in shares of Camden Property Trust during the first quarter worth approximately $402,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Mizuho lowered their target price on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Scotiabank lowered their target price on shares of Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. Evercore ISI lowered their target price on shares of Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating on the stock in a report on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price objective on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research note on Tuesday, June 17th. Finally, Royal Bank Of Canada decreased their price objective on shares of Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating on the stock in a research note on Monday, August 4th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $124.04.

Camden Property Trust Price Performance

Shares of NYSE CPT traded up $1.30 during midday trading on Friday, reaching $112.04. 714,411 shares of the company were exchanged, compared to its average volume of 952,869. The stock's 50-day moving average price is $111.10 and its 200-day moving average price is $115.08. The stock has a market cap of $11.97 billion, a P/E ratio of 78.35, a PEG ratio of 3.80 and a beta of 0.78. Camden Property Trust has a one year low of $102.35 and a one year 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 issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The company had revenue of $396.51 million for 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%. Camden Property Trust's revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, June 30th. Camden Property Trust's payout ratio is 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.