Raymond James Financial Inc. Cuts Stake in Camden Property Trust $CPT

Key Points

• Raymond James Financial Inc. reduced its stake in Camden Property Trust ($CPT) by 38.9%, owning 92,783 shares after selling 59,024 shares during the 1st quarter.
• Camden Property Trust recently posted $1.70 earnings per share for the quarter, exceeding analysts' expectations, while revenues increased by 2.4% year-over-year.
• The company declared a quarterly dividend of $1.05, representing an annualized yield of 3.7%, despite a high dividend payout ratio of 293.71%.

Raymond James Financial Inc. reduced its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 38.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,783 shares of the real estate investment trust's stock after selling 59,024 shares during the period. Raymond James Financial Inc. owned approximately 0.09% of Camden Property Trust worth $11,347,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tsfg LLC acquired a new stake in Camden Property Trust during the 1st quarter worth about $40,000. National Pension Service increased its holdings in shares of Camden Property Trust by 74.2% in the first quarter. National Pension Service now owns 392 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 167 shares during the period. Allworth Financial LP raised its stake in shares of Camden Property Trust by 47.4% in the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 158 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Camden Property Trust in the first quarter worth about $64,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Camden Property Trust during the first quarter worth about $73,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock traded up $0.01 on Thursday, hitting $109.42. The company's stock had a trading volume of 186,262 shares, compared to its average volume of 973,266. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of 76.51, a price-to-earnings-growth ratio of 3.80 and a beta of 0.80. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69. 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 firm has a fifty day moving average price of $110.79 and a 200-day moving average price of $114.92.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results 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. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The company had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. During the same quarter in the prior year, the business posted $1.71 earnings per share. Camden Property Trust's revenue for the quarter was up 2.4% on a year-over-year basis. 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, sell-side 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 declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were paid a $1.05 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.8%. Camden Property Trust's dividend payout ratio (DPR) is currently 293.71%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CPT shares. Evercore ISI cut their price target on shares of Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating on the stock in a report on Tuesday, August 12th. Morgan Stanley dropped 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 report on Wednesday, August 13th. Citigroup cut their price objective on shares of Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, August 14th. Royal Bank Of Canada reduced their target price on shares of 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, Mizuho decreased their target price on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $123.11.

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.