Jacobs Levy Equity Management Inc. Sells 189,781 Shares of Camden Property Trust $CPT

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Camden Property Trust by 13.6%, owning approximately 1,209,186 shares valued at $147.88 million after selling 189,781 shares.
• The quarterly earnings reported a net income of $1.70 per share, exceeding estimates, with a revenue of $396.51 million, reflecting a growth of 2.4% year-over-year.
• The company declared a quarterly dividend of $1.05, yielding 3.8% annually, with a high dividend payout ratio of 293.71%.

Jacobs Levy Equity Management Inc. reduced its stake in Camden Property Trust (NYSE:CPT - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,209,186 shares of the real estate investment trust's stock after selling 189,781 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.13% of Camden Property Trust worth $147,883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its stake in shares of Camden Property Trust by 16.8% in the first quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust's stock valued at $76,000 after buying an additional 89 shares during the period. Country Club Bank lifted its holdings in shares of Camden Property Trust by 0.4% during the 1st quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust's stock worth $3,204,000 after acquiring an additional 92 shares during the period. Amalgamated Bank lifted its holdings in shares of Camden Property Trust by 0.5% during the 1st quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock worth $2,514,000 after acquiring an additional 93 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Camden Property Trust by 0.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust's stock worth $2,102,000 after acquiring an additional 98 shares in the last quarter. Finally, First Manhattan CO. LLC. increased its stake in Camden Property Trust by 0.3% in the first quarter. First Manhattan CO. LLC. now owns 30,878 shares of the real estate investment trust's stock valued at $3,809,000 after acquiring an additional 101 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CPT has been the topic of a number of recent analyst reports. Truist Financial decreased their price objective on shares of Camden Property Trust from $131.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, August 27th. Scotiabank cut their target price on 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. Wall Street Zen upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Wells Fargo & Company cut their target price on Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Finally, Citigroup cut their target price on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $123.65.

Camden Property Trust Price Performance

Shares of CPT traded down $1.15 during trading hours on Wednesday, reaching $110.48. The stock had a trading volume of 468,660 shares, compared to its average volume of 971,603. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The stock has a market capitalization of $11.80 billion, a PE ratio of 77.30, a PEG ratio of 3.76 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The company's 50-day moving average is $110.61 and its two-hundred day moving average is $114.65.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced 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. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The company had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. During the same period in the prior year, the company earned $1.71 EPS. Camden Property Trust's 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. Research analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, June 30th. Camden Property Trust's dividend payout ratio is presently 293.71%.

About Camden Property Trust

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.