Millennium Management LLC Has $131.88 Million Stock Holdings in Camden Property Trust $CPT

Key Points

• Millennium Management LLC significantly increased its ownership in Camden Property Trust by 1,669.3%, acquiring an additional 1,017,388 shares, bringing its total holdings to approximately 1,078,335 shares valued at $131.88 million.
• Camden Property Trust has recently been rated with varying target prices from analysts, with an average consensus rating of "Hold" and a target price of $123.11.
• The company announced a quarterly dividend of $1.05, translating to an annualized dividend of $4.20 and a yield of 3.8%.

Millennium Management LLC raised its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 1,669.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,078,335 shares of the real estate investment trust's stock after purchasing an additional 1,017,388 shares during the quarter. Millennium Management LLC owned 1.01% of Camden Property Trust worth $131,880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPT. Tsfg LLC purchased a new position in shares of Camden Property Trust during the first quarter valued at approximately $40,000. National Pension Service boosted its stake in shares of Camden Property Trust by 74.2% during the first 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 increased its stake in shares of Camden Property Trust by 47.4% during the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 158 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Camden Property Trust in the 1st quarter valued at approximately $64,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Camden Property Trust in the 1st quarter worth approximately $73,000. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Trading Up 1.0%

Camden Property Trust stock traded up $1.07 during trading on Thursday, hitting $109.92. The company had a trading volume of 151,211 shares, compared to its average volume of 970,658. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 76.88, a price-to-earnings-growth ratio of 3.79 and a beta of 0.80. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The company's 50 day simple moving average is $110.51 and its 200-day simple moving average is $114.61.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The company had revenue of $396.51 million for the quarter, compared to analysts' expectations of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the company 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. As a group, analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The firm 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 dividend on an annualized basis 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 293.71%.

Analysts Set New Price Targets

CPT has been the topic of several research reports. Stifel Nicolaus upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 target price on the stock in a report on Tuesday, August 26th. Truist Financial cut 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 report on Wednesday, August 27th. Morgan Stanley decreased their price objective on 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. Mizuho reduced 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 report on Friday, May 23rd. Finally, Citigroup lowered their target price on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, August 14th. Six research 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $123.27.

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.