Pensionfund Sabic Has $2.21 Million Stock Position in Camden Property Trust $CPT

Key Points

• Pensionfund Sabic reduced its stake in Camden Property Trust by 18.9%, now holding 18,031 shares valued at $2,205,000.
• Other investors, such as Millennium Management, increased their holdings significantly, with some raising stakes by as much as 12,973.9%.
• Camden Property Trust's recent earnings exceeded expectations, reporting $1.70 EPS and a revenue increase of 2.4% year-over-year.

Pensionfund Sabic trimmed its position in Camden Property Trust (NYSE:CPT - Free Report) by 18.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,031 shares of the real estate investment trust's stock after selling 4,200 shares during the quarter. Pensionfund Sabic's holdings in Camden Property Trust were worth $2,205,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cape Investment Advisory Inc. bought a new stake in shares of Camden Property Trust during the first quarter worth $37,000. Tsfg LLC bought a new stake in shares of Camden Property Trust during the first quarter worth $40,000. National Pension Service grew 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 worth $48,000 after buying an additional 167 shares during the last quarter. Allworth Financial LP grew 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 worth $56,000 after buying an additional 158 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Camden Property Trust during the first quarter worth $64,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Trading Up 0.6%

CPT traded up $0.67 during trading on Thursday, reaching $107.14. 345,211 shares of the stock traded hands, compared to its average volume of 966,892. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $11.45 billion, a PE ratio of 74.93, a P/E/G ratio of 3.63 and a beta of 0.80. The stock's 50-day moving average is $110.00 and its 200 day moving average is $114.13. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. The business 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 business's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.9%. Camden Property Trust's dividend payout ratio is 293.71%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CPT shares. The Goldman Sachs Group cut shares of Camden Property Trust from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $118.00 to $106.00 in a research note on Wednesday. Barclays decreased their target price on shares of Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Citigroup cut their price target on shares of Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. Piper Sandler cut their price target on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and a consensus price target of $122.25.

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.