MBB Public Markets I LLC Acquires Shares of 2,700 Camden Property Trust $CPT

Key Points

• MBB Public Markets I LLC purchased a new stake in Camden Property Trust, acquiring 2,700 shares valued at approximately $330,000 in the first quarter.
• Camden Property Trust reported a quarterly EPS of $1.70, slightly exceeding analysts' expectations, and had a revenue of $396.51 million for the quarter.
• The company announced a quarterly dividend of $1.05 per share, resulting in an annualized dividend yield of 3.8% despite a high dividend payout ratio of 293.71%.

MBB Public Markets I LLC acquired a new stake in shares of Camden Property Trust (NYSE:CPT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,700 shares of the real estate investment trust's stock, valued at approximately $330,000.

Other institutional investors have also recently made changes to their positions in the company. Cape Investment Advisory Inc. purchased a new stake in shares of Camden Property Trust during the 1st quarter valued at about $37,000. Tsfg LLC purchased a new stake in shares of Camden Property Trust during the 1st quarter valued at about $40,000. National Pension Service boosted its holdings in shares of 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 valued at $48,000 after acquiring an additional 167 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of 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 during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Camden Property Trust during the 1st quarter valued at about $64,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Analyst Ratings Changes

CPT has been the topic of a number of recent analyst reports. Morgan Stanley dropped 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. Scotiabank lowered their price objective 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. Royal Bank Of Canada lowered their price objective on shares of Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. increased their price objective on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a research note on Tuesday, June 17th. Finally, Piper Sandler lowered their price objective on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and a consensus target price of $123.27.

Camden Property Trust Stock Performance

NYSE CPT traded down $1.26 on Friday, reaching $109.50. 514,756 shares of the stock were exchanged, compared to its average volume of 802,867. Camden Property Trust has a one year low of $102.35 and a one year high of $127.69. The firm has a market capitalization of $11.70 billion, a PE ratio of 76.57, a PEG ratio of 3.76 and a beta of 0.80. The company's 50-day simple moving average is $110.36 and its two-hundred day simple moving average is $114.45. 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 released its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The company had revenue of $396.51 million for the quarter, compared to analysts' expectations of $393.24 million. During the same quarter last year, the business earned $1.71 EPS. The firm'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. Analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently announced 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 was Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.8%. Camden Property Trust's dividend payout ratio (DPR) 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.