Martingale Asset Management L P Has $2.52 Million Holdings in Camden Property Trust $CPT

Key Points

• Martingale Asset Management L P decreased its stake in Camden Property Trust by 16.6%, selling 4,098 shares and reporting its remaining holdings to be worth $2,524,000.
• JPMorgan Chase & Co. raised its target price for Camden Property Trust from $127.00 to $129.00 while giving it an "underweight" rating, reflecting mixed analyst sentiment.
• Camden Property Trust recently announced a quarterly dividend of $1.05 per share, translating to an annualized dividend of $4.20 with a yield of 3.8%.

Martingale Asset Management L P lowered its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,634 shares of the real estate investment trust's stock after selling 4,098 shares during the period. Martingale Asset Management L P's holdings in Camden Property Trust were worth $2,524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CPT. Bellwether Advisors LLC purchased a new stake in Camden Property Trust in the 4th quarter worth about $31,000. Tsfg LLC purchased a new position in Camden Property Trust during the 1st quarter valued at about $40,000. National Pension Service increased its holdings in shares of 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 lifted 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 worth $56,000 after purchasing an additional 158 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Camden Property Trust during the first quarter worth approximately $64,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

NYSE CPT traded down $0.48 during trading on Thursday, hitting $110.08. The company's stock had a trading volume of 118,093 shares, compared to its average volume of 978,462. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69. The firm has a market cap of $11.76 billion, a P/E ratio of 76.98, a price-to-earnings-growth ratio of 3.71 and a beta of 0.78. The firm has a 50 day moving average price of $111.26 and a 200 day moving average price of $115.22. 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 (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.01. The company had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.Camden Property Trust's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 earnings per share. 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 earnings per share 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. Stockholders of record on Monday, June 30th were issued a dividend of $1.05 per share. The ex-dividend date was Monday, June 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.8%. Camden Property Trust's payout ratio is presently 293.71%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Mizuho dropped their price objective on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Morgan Stanley lowered their price target on shares of Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Wells Fargo & Company reduced their price objective on Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating for the company in a research report on Wednesday. Barclays cut their price target on Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Finally, 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. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust has an average rating of "Hold" and a consensus price target of $124.04.

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.