Public Sector Pension Investment Board Sells 70,088 Shares of Camden Property Trust $CPT

Key Points

• The Public Sector Pension Investment Board has significantly reduced its stake in Camden Property Trust, selling 70,088 shares and lowering its holdings by 71.0%.
• Camden Property Trust recently reported earnings per share (EPS) of $1.70, beating analysts' expectations, and had revenue of $396.51 million for the quarter.
• Camden Property Trust also declared a quarterly dividend of $1.05, resulting in an annualized dividend of $4.20 and a yield of 4.0%.

Public Sector Pension Investment Board lessened its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 71.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,566 shares of the real estate investment trust's stock after selling 70,088 shares during the quarter. Public Sector Pension Investment Board's holdings in Camden Property Trust were worth $3,494,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CPT. Renaissance Technologies LLC bought a new stake in shares of Camden Property Trust in the fourth quarter worth $4,885,000. Raymond James Financial Inc. bought a new stake in shares of Camden Property Trust in the fourth quarter worth $17,616,000. Townsquare Capital LLC lifted its position in shares of Camden Property Trust by 20.7% in the fourth quarter. Townsquare Capital LLC now owns 2,868 shares of the real estate investment trust's stock worth $333,000 after purchasing an additional 491 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Camden Property Trust by 4.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 171,601 shares of the real estate investment trust's stock worth $19,905,000 after purchasing an additional 8,039 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Camden Property Trust by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,592,266 shares of the real estate investment trust's stock worth $184,763,000 after purchasing an additional 7,330 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPT. Morgan Stanley cut their price objective on shares of Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 13th. Scotiabank dropped their price target on shares of Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 14th. Citigroup dropped 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 research report on Thursday, August 14th. Wall Street Zen raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Mizuho dropped 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 report on Friday, May 23rd. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $124.94.

Camden Property Trust Stock Performance

Shares of CPT traded up $1.3220 during trading hours on Friday, hitting $109.3420. The company had a trading volume of 864,766 shares, compared to its average volume of 984,528. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 76.46, a PEG ratio of 3.68 and a beta of 0.78. The business has a fifty day moving average of $111.77 and a 200-day moving average of $115.43. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. 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 issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.01. The company had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The company's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $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 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend 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.