Perbak Capital Partners LLP Purchases New Position in Camden Property Trust $CPT

Key Points

• Perbak Capital Partners LLP has taken a new position in Camden Property Trust worth approximately $682,000, acquiring 5,578 shares, which represents 0.5% of its overall portfolio.
• Camden Property Trust's recent earnings report showed a 2.4% increase in revenue year-over-year and a successful EPS of $1.70, slightly surpassing analyst expectations.
• Analysts have recently adjusted price targets for Camden Property Trust, with an average target of $124.04, reflecting various ratings from "buy" to "hold" across multiple firms.

Perbak Capital Partners LLP acquired a new position in Camden Property Trust (NYSE:CPT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,578 shares of the real estate investment trust's stock, valued at approximately $682,000. Camden Property Trust accounts for 0.5% of Perbak Capital Partners LLP's holdings, making the stock its 27th biggest position.

A number of other large investors have also recently made changes to their positions in CPT. MQS Management LLC purchased a new stake in Camden Property Trust in the first quarter worth $1,421,000. Starwood Capital Group Management L.L.C. raised its holdings in Camden Property Trust by 125.6% in the 4th quarter. Starwood Capital Group Management L.L.C. now owns 316,179 shares of the real estate investment trust's stock worth $36,689,000 after purchasing an additional 176,000 shares in the last quarter. Chicago Capital LLC purchased a new stake in shares of Camden Property Trust in the 1st quarter worth about $402,000. Fifth Third Bancorp boosted its stake in shares of Camden Property Trust by 4.9% during the 1st quarter. Fifth Third Bancorp now owns 5,177 shares of the real estate investment trust's stock valued at $633,000 after purchasing an additional 244 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of Camden Property Trust by 18.2% during the 1st quarter. Arkadios Wealth Advisors now owns 2,566 shares of the real estate investment trust's stock valued at $314,000 after purchasing an additional 396 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CPT. Wells Fargo & Company decreased their price target on shares of Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Royal Bank Of Canada reduced their target price on Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating on the stock in a report on Monday, August 4th. Mizuho lowered their target price on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. UBS Group dropped their price target on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. Finally, Piper Sandler reduced their price target on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $123.11.

Camden Property Trust Stock Up 0.8%

Shares of CPT traded up $0.91 during mid-day trading on Friday, reaching $111.25. The company had a trading volume of 995,322 shares, compared to its average volume of 811,042. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. 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 3.78 and a beta of 0.80. The firm has a 50-day moving average price of $110.66 and a 200 day moving average price of $114.74. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. During the same quarter in the previous year, the business earned $1.71 earnings per share. The firm'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, sell-side analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, June 30th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's payout ratio is currently 293.71%.

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.