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

Several other large investors have also bought and sold shares of CPT. Cape Investment Advisory Inc. bought a new stake in Camden Property Trust in the first quarter worth about $37,000. Tsfg LLC acquired a new stake in shares of Camden Property Trust during the 1st quarter valued at $40,000. National Pension Service boosted its stake 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 worth $48,000 after acquiring an additional 167 shares in the last quarter. Allworth Financial LP boosted its stake 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 worth $56,000 after acquiring an additional 158 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Camden Property Trust in the 1st quarter worth $64,000. Institutional investors own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CPT shares. Stifel Nicolaus upgraded Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 price target for the company in a research report on Tuesday, August 26th. Truist Financial reduced their price objective on shares of Camden Property Trust from $131.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, August 27th. Royal Bank Of Canada dropped their target price on shares of Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating on the stock in a research report on Monday, August 4th. Scotiabank reduced their price target on shares of Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating for the company in a research report on Thursday, August 14th. Finally, Evercore ISI decreased their price objective 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. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $123.27.

Camden Property Trust Stock Up 1.8%

Shares of CPT stock traded up $1.99 during trading on Thursday, hitting $110.84. 607,366 shares of the company were exchanged, compared to its average volume of 817,133. The business's 50-day simple moving average is $110.45 and its 200 day simple moving average is $114.54. 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 $11.84 billion, a price-to-earnings ratio of 77.51, a P/E/G ratio of 3.69 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18.

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 earnings per share (EPS) for the quarter, topping 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%. During the same quarter in the prior year, the firm earned $1.71 EPS. The company'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. As a group, analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's dividend payout ratio is presently 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.