Public Employees Retirement System of Ohio Grows Position in Camden Property Trust $CPT

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Camden Property Trust by 1.7%, owning 189,691 shares valued at approximately $21.37 million as of the latest SEC filing.
• Camden Property Trust recently reported an EPS of $1.70, slightly above the consensus estimate, and guided for FY 2025 EPS between $6.760 to $6.860.
• The company declared a quarterly dividend of $1.05, yielding 4.0%, with a high dividend payout ratio of 293.71%.

Public Employees Retirement System of Ohio boosted its stake in Camden Property Trust (NYSE:CPT - Free Report) by 1.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 189,691 shares of the real estate investment trust's stock after buying an additional 3,155 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.18% of Camden Property Trust worth $21,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CPT. Millennium Management LLC increased its position in shares of Camden Property Trust by 1,669.3% during the 1st quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust's stock valued at $131,880,000 after purchasing an additional 1,017,388 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Camden Property Trust during the 1st quarter valued at $123,882,000. GAMMA Investing LLC increased its position in shares of Camden Property Trust by 12,973.9% during the 1st quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust's stock valued at $49,359,000 after purchasing an additional 400,503 shares during the last quarter. Woodline Partners LP purchased a new stake in shares of Camden Property Trust during the 1st quarter valued at $45,879,000. Finally, JPMorgan Chase & Co. increased its position in shares of Camden Property Trust by 17.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust's stock valued at $227,942,000 after purchasing an additional 273,966 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CPT shares. Scotiabank decreased their target price on Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating for the company in a research report on Thursday, August 14th. JPMorgan Chase & Co. raised their target price on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research report on Tuesday, June 17th. Stifel Nicolaus raised Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 target price for the company in a research report on Tuesday, August 26th. Royal Bank Of Canada cut their price target on Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating for the company in a research note on Monday, August 4th. Finally, UBS Group cut their price target on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $122.25.

Camden Property Trust Stock Down 1.1%

Shares of NYSE CPT opened at $106.02 on Friday. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.65. The business has a 50-day simple moving average of $109.26 and a two-hundred day simple moving average of $113.49. 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 company has a market cap of $11.33 billion, a P/E ratio of 74.14, a P/E/G ratio of 3.64 and a beta of 0.80.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS 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 business had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. During the same quarter last year, the company 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. 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 will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $4.20 annualized dividend and a yield of 4.0%. 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.

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