QRG Capital Management Inc. Buys 2,849 Shares of Camden Property Trust $CPT

Key Points

• QRG Capital Management Inc. increased its stake in Camden Property Trust by 14.7% during Q2, acquiring an additional 2,849 shares, bringing their total to 22,169 shares valued at approximately $2.5 million.
• Camden Property Trust reported earnings of $1.70 per share for the last quarter, beating analyst estimates, with revenue of $396.51 million, representing a year-over-year increase of 2.4%.
• The company has declared a quarterly dividend of $1.05 per share, resulting in an annualized yield of 4.1%, with a current payout ratio of 293.71%.

QRG Capital Management Inc. grew its stake in Camden Property Trust (NYSE:CPT - Free Report) by 14.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,169 shares of the real estate investment trust's stock after acquiring an additional 2,849 shares during the quarter. QRG Capital Management Inc.'s holdings in Camden Property Trust were worth $2,498,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in Camden Property Trust by 3.0% in the second quarter. Fifth Third Bancorp now owns 5,331 shares of the real estate investment trust's stock worth $601,000 after acquiring an additional 154 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Camden Property Trust by 11.7% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 69,708 shares of the real estate investment trust's stock valued at $7,855,000 after purchasing an additional 7,275 shares in the last quarter. Contravisory Investment Management Inc. lifted its holdings in shares of Camden Property Trust by 62.6% during the second quarter. Contravisory Investment Management Inc. now owns 6,402 shares of the real estate investment trust's stock valued at $721,000 after purchasing an additional 2,464 shares in the last quarter. Chicago Capital LLC lifted its holdings in shares of Camden Property Trust by 82.4% during the second quarter. Chicago Capital LLC now owns 6,001 shares of the real estate investment trust's stock valued at $676,000 after purchasing an additional 2,711 shares in the last quarter. Finally, Nicola Wealth Management LTD. bought a new position in shares of Camden Property Trust during the first quarter valued at $1,773,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Stock Up 0.4%

CPT stock opened at $103.37 on Wednesday. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.65. The business's 50-day moving average is $107.83 and its two-hundred day moving average is $112.67. 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 cap of $11.05 billion, a price-to-earnings ratio of 72.29, a P/E/G ratio of 3.49 and a beta of 0.80.

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, beating analysts' consensus estimates of $1.69 by $0.01. The company had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.Camden Property Trust's revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be given a $1.05 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $4.20 dividend on an annualized basis and a yield of 4.1%. Camden Property Trust's dividend payout ratio is presently 293.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Camden Property Trust in a report on Saturday, September 27th. Scotiabank lowered their price target on Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. Citigroup lowered their price target on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. Evercore ISI upped their price target on Camden Property Trust from $114.00 to $116.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Finally, Cantor Fitzgerald assumed coverage on Camden Property Trust in a report on Wednesday, October 1st. They set a "neutral" rating and a $115.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and a consensus price target of $121.73.

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.

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