Nomura Holdings Inc. Buys 10,670 Shares of Camden Property Trust $CPT

Key Points

• Nomura Holdings Inc. increased its stake in Camden Property Trust by 67.1%, owning 26,568 shares worth approximately $3.25 million as of the latest filing.
• Camden Property Trust reported earnings per share of $1.70 for the latest quarter, slightly exceeding analyst expectations of $1.69.
• The company declared a quarterly dividend of $1.05 per share, which represents a 3.7% yield and indicates a high payout ratio of 293.71%.

Nomura Holdings Inc. lifted its stake in Camden Property Trust (NYSE:CPT - Free Report) by 67.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,568 shares of the real estate investment trust's stock after acquiring an additional 10,670 shares during the period. Nomura Holdings Inc.'s holdings in Camden Property Trust were worth $3,249,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Baird Financial Group Inc. raised its stake in shares of Camden Property Trust by 30.6% in the 1st quarter. Baird Financial Group Inc. now owns 4,390 shares of the real estate investment trust's stock valued at $537,000 after acquiring an additional 1,028 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in Camden Property Trust in the 1st quarter valued at approximately $312,000. Magnetar Financial LLC acquired a new stake in Camden Property Trust in the 1st quarter valued at approximately $10,672,000. Landscape Capital Management L.L.C. acquired a new stake in Camden Property Trust in the 1st quarter valued at approximately $213,000. Finally, Warwick Investment Management Inc. acquired a new stake in Camden Property Trust in the 1st quarter valued at approximately $278,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Stock Performance

Shares of NYSE:CPT traded up $0.91 during trading on Friday, hitting $111.25. 995,322 shares of the stock were exchanged, compared to its average volume of 793,592. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 77.79, a price-to-earnings-growth ratio of 3.74 and a beta of 0.80. The company's fifty day simple moving average is $110.66 and its 200-day simple moving average is $114.81. 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 announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. During the same quarter last year, the firm earned $1.71 EPS. Camden Property Trust's revenue for the quarter 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. Sell-side analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, June 30th. Camden Property Trust's dividend payout ratio (DPR) is 293.71%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CPT shares. Evercore ISI lowered their target price on Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating on the stock in a report on Tuesday, August 12th. UBS Group lowered their target price 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. Mizuho lowered their target price on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Morgan Stanley lowered their target price 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. Finally, Wells Fargo & Company decreased their price objective on Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $123.11.

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.