Rafferty Asset Management LLC Sells 2,414 Shares of Camden Property Trust $CPT

Key Points

• Rafferty Asset Management LLC reduced its stake in Camden Property Trust by 17.2% during Q1, owning 11,630 shares valued at approximately $1.42 million.
• Several institutional investors increased their holdings in Camden Property Trust, with Caisse DE Depot ET Placement DU Quebec boosting its stake by 851.7%.
• Camden Property Trust recently reported $1.70 EPS for the quarter, exceeding expectations, and has set its FY 2025 guidance within the range of 6.760-6.860 EPS.

Rafferty Asset Management LLC lowered its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 17.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,630 shares of the real estate investment trust's stock after selling 2,414 shares during the period. Rafferty Asset Management LLC's holdings in Camden Property Trust were worth $1,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. MQS Management LLC purchased a new position in shares of Camden Property Trust during the 1st quarter valued at $1,421,000. Freestone Grove Partners LP purchased a new position in shares of Camden Property Trust during the 4th quarter valued at $591,000. Starwood Capital Group Management L.L.C. lifted its position in shares of Camden Property Trust by 125.6% during the 4th quarter. Starwood Capital Group Management L.L.C. now owns 316,179 shares of the real estate investment trust's stock valued at $36,689,000 after buying an additional 176,000 shares during the last quarter. Chicago Capital LLC purchased a new position in shares of Camden Property Trust during the 1st quarter valued at $402,000. Finally, Fifth Third Bancorp lifted its position 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 buying an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Analysts Set New Price Targets

CPT has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on 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. Barclays dropped their price target on Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Truist Financial dropped their price target on Camden Property Trust from $131.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, August 27th. Wells Fargo & Company dropped their price target on Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. Finally, Mizuho dropped their price target on 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. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $123.11.

Camden Property Trust Price Performance

CPT traded up $0.91 during trading on Friday, reaching $111.25. 995,322 shares of the company were exchanged, compared to its average volume of 793,592. The company's 50-day moving average is $110.66 and its two-hundred day moving average is $114.78. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 77.79, a P/E/G ratio of 3.78 and a beta of 0.80. 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 has a 12-month low of $102.35 and a 12-month high of $127.69.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The business had revenue of $396.51 million for the quarter, compared to analysts' expectations of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The firm's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.71 EPS. 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 forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

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

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.