Pensionfund Sabic Sells 4,200 Shares of 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 lowered its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 18.9% in the first quarter, according to its most recent filing 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 period. Pensionfund Sabic's holdings in Camden Property Trust were worth $2,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baird Financial Group Inc. raised its stake in Camden Property Trust by 42.3% during the 4th quarter. Baird Financial Group Inc. now owns 3,362 shares of the real estate investment trust's stock worth $390,000 after acquiring an additional 1,000 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of Camden Property Trust in the fourth quarter valued at about $251,000. Ethic Inc. lifted its holdings in shares of Camden Property Trust by 31.2% in the fourth quarter. Ethic Inc. now owns 3,403 shares of the real estate investment trust's stock valued at $395,000 after purchasing an additional 809 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $859,000. Finally, Janus Henderson Group PLC raised its position in shares of Camden Property Trust by 1.5% in the fourth quarter. Janus Henderson Group PLC now owns 16,572 shares of the real estate investment trust's stock valued at $1,924,000 after buying an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Down 1.0%

Shares of NYSE CPT traded down $1.13 during trading hours on Monday, hitting $108.38. The company had a trading volume of 756,867 shares, compared to its average volume of 789,129. The firm's 50 day moving average is $110.26 and its 200-day moving average is $114.24. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. The stock has a market capitalization of $11.58 billion, a P/E ratio of 75.79, a price-to-earnings-growth ratio of 3.71 and a beta of 0.80. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted 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 firm 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 company's quarterly 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. On average, analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.9%. Camden Property Trust's dividend payout ratio is 293.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CPT shares. Morgan Stanley decreased their target price on shares of Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. Stifel Nicolaus raised 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 research note on Tuesday, August 26th. Evercore ISI raised their price objective on shares of Camden Property Trust from $114.00 to $116.00 and gave the company an "in-line" rating in a research report on Monday. Citigroup decreased their target price on shares of Camden Property Trust from $138.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, August 14th. Finally, Barclays cut their price objective on shares of Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $123.41.

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.