87,262 Shares in Camden Property Trust $CPT Bought by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC has invested approximately $10.67 million in Camden Property Trust by purchasing 87,262 shares, increasing its stake to about 0.08% of the company.
• Recent changes among institutional investors include MML Investors Services raising its position by 2.9%, while Caisse DE Depot ET Placement DU Quebec increased its holdings by 851.7% in the fourth quarter.
• Camden Property Trust reported a net margin of 9.99% and a 2.4% revenue increase year-over-year, with a quarterly dividend of $1.05 reflecting a yield of 3.8% and a high payout ratio of 293.71%.

Magnetar Financial LLC purchased a new stake in Camden Property Trust (NYSE:CPT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 87,262 shares of the real estate investment trust's stock, valued at approximately $10,672,000. Magnetar Financial LLC owned 0.08% of Camden Property Trust as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tsfg LLC acquired a new stake in shares of Camden Property Trust in the first quarter worth $40,000. National Pension Service boosted its position in Camden Property Trust by 74.2% during the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 167 shares during the period. Allworth Financial LP grew its stake in Camden Property Trust by 47.4% during the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 158 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Camden Property Trust in the 1st quarter valued at about $64,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Camden Property Trust in the first quarter worth approximately $73,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on CPT shares. Stifel Nicolaus raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 price objective on the stock in a research report on Tuesday, August 26th. Citigroup lowered their price target on shares of Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. UBS Group cut their price objective on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. Evercore ISI reduced their price objective on Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating for the company in a research report on Tuesday, August 12th. Finally, Barclays reduced their price objective on Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. 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 stock. According to data from MarketBeat.com, Camden Property Trust has an average rating of "Hold" and an average price target of $124.04.

Camden Property Trust Stock Up 1.2%

NYSE CPT traded up $1.30 during trading on Monday, hitting $112.04. 714,411 shares of the company traded hands, compared to its average volume of 886,710. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The business has a fifty day simple moving average of $111.10 and a 200 day simple moving average of $115.06. The company has a market capitalization of $11.97 billion, a P/E ratio of 78.35, a PEG ratio of 3.80 and a beta of 0.80. The company has a current ratio of 0.18, a quick 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 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. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The business had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. During the same quarter in the prior year, the firm posted $1.71 EPS. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. 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 predict 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 was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's dividend payout ratio is currently 293.71%.

Camden Property Trust 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.