Long Pond Capital LP Sells 814,190 Shares of Camden Property Trust $CPT

Key Points

• Long Pond Capital LP significantly reduced its holdings in Camden Property Trust by 71.1% in the 1st quarter, now owning approximately 330,330 shares worth about $40.40 million.
• Camden Property Trust had a positive earnings report, reporting $1.70 EPS for the quarter, slightly above analysts' estimates, with revenue increasing by 2.4% year-over-year.
• Despite multiple analysts lowering their price targets, the stock maintains an average rating of "Hold" with a consensus target price of $124.94.

Long Pond Capital LP lessened its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 71.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,330 shares of the real estate investment trust's stock after selling 814,190 shares during the quarter. Camden Property Trust accounts for 2.6% of Long Pond Capital LP's investment portfolio, making the stock its 17th largest position. Long Pond Capital LP owned approximately 0.31% of Camden Property Trust worth $40,399,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CPT. Bellwether Advisors LLC bought a new position in Camden Property Trust in the 4th quarter valued at $31,000. Tsfg LLC bought a new position in Camden Property Trust in the 1st quarter valued at $40,000. National Pension Service grew its stake in 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 valued at $48,000 after purchasing an additional 167 shares during the period. Allworth Financial LP grew its stake in 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 valued at $56,000 after purchasing an additional 158 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in Camden Property Trust in the 1st quarter valued at $64,000. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

Shares of NYSE CPT traded up $1.30 during trading hours on Friday, reaching $112.04. 714,411 shares of the stock traded hands, compared to its average volume of 979,875. The company has a market capitalization of $11.97 billion, a P/E ratio of 78.35, a price-to-earnings-growth ratio of 3.75 and a beta of 0.78. 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 has a 52-week low of $102.35 and a 52-week high of $127.69. The company's 50-day simple moving average is $111.17 and its two-hundred day simple moving average is $115.16.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share 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 for the quarter, compared to analysts' expectations of $393.24 million. During the same period last year, the firm posted $1.71 EPS. Camden Property Trust's revenue for the quarter 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. Equities research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, June 30th. Camden Property Trust's dividend payout ratio (DPR) is presently 293.71%.

Analyst Ratings Changes

Several research firms have recently weighed in on CPT. Wells Fargo & Company cut their price target 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. Morgan Stanley cut their price target on Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. Truist Financial dropped their price objective on Camden Property Trust from $131.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday. UBS Group dropped their price objective on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. Finally, Citigroup dropped their price objective on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $124.04.

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.