Price T Rowe Associates Inc. MD Sells 3,475 Shares of Camden Property Trust $CPT

Key Points

• Price T Rowe Associates Inc. MD has sold 3,475 shares of Camden Property Trust, reducing its stake by 0.3% to 1,163,033 shares, valued at approximately $142 million.
• Camden Property Trust recently reported earnings of $1.70 per share, exceeding analysts' expectations, and the company projects FY 2025 EPS between $6.760 and $6.860.
• A quarterly dividend of $1.05 per share was issued, resulting in an annualized dividend yield of 3.8%, despite a high dividend payout ratio of 293.71%.

Price T Rowe Associates Inc. MD decreased its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,163,033 shares of the real estate investment trust's stock after selling 3,475 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.09% of Camden Property Trust worth $142,241,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Bellwether Advisors LLC bought a new position in Camden Property Trust during the 4th quarter worth about $31,000. Tsfg LLC acquired a new position in shares of Camden Property Trust during the first quarter worth about $40,000. National Pension Service grew its holdings 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 in the last quarter. Allworth Financial LP raised its position in Camden Property Trust by 47.4% in the 1st 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 last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Camden Property Trust in the 1st quarter valued at approximately $64,000. 97.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of 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 price target on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Barclays reduced their price objective on shares of Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Royal Bank Of Canada decreased their price objective on Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating for the company in a report on Monday, August 4th. Finally, Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of "Hold" and an average target price of $124.04.

Camden Property Trust Stock Performance

Shares of CPT traded up $1.12 during mid-day trading on Friday, reaching $111.86. The company's stock had a trading volume of 309,698 shares, compared to its average volume of 977,276. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. The business has a 50-day simple moving average of $111.17 and a two-hundred day simple moving average of $115.16. The stock has a market cap of $11.95 billion, a P/E ratio of 78.19, a PEG ratio of 3.75 and a beta of 0.78.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results 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. 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 for the quarter, compared to analyst estimates of $393.24 million. During the same period in the previous year, the firm earned $1.71 EPS. The firm's 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. As a group, equities research analysts anticipate that Camden Property Trust will post 6.76 earnings per share 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. Stockholders of record on Monday, June 30th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, June 30th. Camden Property Trust's dividend payout ratio (DPR) is currently 293.71%.

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.