Korea Investment CORP Lowers Stock Position in Camden Property Trust $CPT

Key Points

• Korea Investment CORP reduced its stake in Camden Property Trust by 12.0%, selling 18,187 shares and holding 133,612 shares by the end of the first quarter.
• Camden Property Trust experienced a year-over-year revenue increase of 2.4% and reported earnings of $1.70 EPS, slightly above analysts’ expectations.
• Analysts have mixed opinions on Camden Property Trust's stock, with a consensus rating of "Hold" and price targets ranging from $114.00 to $136.00.

Korea Investment CORP decreased its position in Camden Property Trust (NYSE:CPT - Free Report) by 12.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,612 shares of the real estate investment trust's stock after selling 18,187 shares during the period. Korea Investment CORP owned about 0.13% of Camden Property Trust worth $16,341,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bellwether Advisors LLC acquired a new stake in shares of Camden Property Trust during the 4th quarter valued at about $31,000. Tsfg LLC acquired a new stake in Camden Property Trust in the first quarter valued at approximately $40,000. National Pension Service grew its holdings in Camden Property Trust by 74.2% in the first quarter. National Pension Service now owns 392 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 167 shares during the period. Allworth Financial LP increased its position in shares of Camden Property Trust by 47.4% in the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 158 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Camden Property Trust during the 1st quarter worth approximately $64,000. Institutional investors and hedge funds own 97.22% of the company's stock.

Analyst Ratings Changes

CPT has been the topic of a number of research analyst reports. Scotiabank dropped their price target on shares of Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 14th. Truist Financial set a $131.00 target price on shares of Camden Property Trust and gave the company a "buy" rating in a research report on Monday, May 19th. Evercore ISI cut their target price on shares of Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating for the company in a research note on Tuesday, August 12th. Barclays decreased their price target on shares of Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Finally, Piper Sandler cut their price objective on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $124.94.

Camden Property Trust Stock Performance

CPT opened at $108.4040 on Thursday. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69. The firm has a market capitalization of $11.58 billion, a PE ratio of 75.81, a PEG ratio of 3.67 and a beta of 0.78. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The firm's 50-day moving average price is $111.98 and its 200 day moving average price is $115.47.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data 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 the consensus estimate 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 quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, sell-side analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.9%. 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.

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