IFM Investors Pty Ltd Sells 4,321 Shares of Camden Property Trust $CPT

Key Points

• IFM Investors Pty Ltd has reduced its holdings in Camden Property Trust by 10.0%, now owning 38,800 shares valued at approximately $4.37 million.
• Camden Property Trust reported earnings of $1.70 EPS for the last quarter, exceeding estimates and showing a 2.4% increase in revenue year-over-year.
• The company has recently announced a quarterly dividend of $1.05, representing an annual yield of 3.9% but a high payout ratio of 293.71%.

IFM Investors Pty Ltd reduced its position in Camden Property Trust (NYSE:CPT - Free Report) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,800 shares of the real estate investment trust's stock after selling 4,321 shares during the period. IFM Investors Pty Ltd's holdings in Camden Property Trust were worth $4,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CPT. Nicola Wealth Management LTD. purchased a new stake in shares of Camden Property Trust in the 1st quarter worth $1,773,000. Czech National Bank increased its holdings in Camden Property Trust by 6.6% in the 2nd quarter. Czech National Bank now owns 26,115 shares of the real estate investment trust's stock worth $2,943,000 after acquiring an additional 1,613 shares in the last quarter. MQS Management LLC purchased a new position in Camden Property Trust during the first quarter valued at approximately $1,421,000. BROOKFIELD Corp ON bought a new position in shares of Camden Property Trust in the first quarter worth approximately $19,087,000. Finally, Strs Ohio purchased a new stake in shares of Camden Property Trust in the first quarter worth $16,742,000. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

Shares of CPT stock traded up $0.25 during mid-day trading on Monday, hitting $108.20. 687,151 shares of the stock were exchanged, compared to its average volume of 847,323. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 75.67, a P/E/G ratio of 3.66 and a beta of 0.80. The stock's fifty day simple moving average is $109.65 and its two-hundred day simple moving average is $113.68. Camden Property Trust has a 12-month low of $102.35 and a 12-month high of $127.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The company had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. During the same period last year, the company posted $1.71 earnings per share. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. 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, analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Camden Property Trust's dividend payout ratio (DPR) is 293.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CPT shares. The Goldman Sachs Group lowered shares of Camden Property Trust from a "neutral" rating to a "sell" rating and cut their target price for the company from $118.00 to $106.00 in a report on Wednesday, September 17th. Royal Bank Of Canada cut their price objective on Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating on the stock in a research report on Monday, August 4th. Stifel Nicolaus upgraded Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 target price for the company in a research report on Tuesday, August 26th. Wells Fargo & Company cut their price target on shares of Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Finally, 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 report on Tuesday, June 17th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.