Reinhart Partners LLC. Cuts Holdings in Camden Property Trust $CPT

Key Points

• Reinhart Partners LLC sold 6,684 shares of Camden Property Trust, reducing its holdings by 8.0%, and currently owns approximately 0.07% of the company valued at $8.7 million.
• Camden Property Trust experienced a 1.2% decline in share price, with a current market cap of $11.44 billion and a PE ratio of 74.87.
• The company announced a quarterly dividend of $1.05 to be paid on October 17, reflecting a 3.9% dividend yield with a payout ratio of 293.71%.

Reinhart Partners LLC. trimmed its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 8.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,308 shares of the real estate investment trust's stock after selling 6,684 shares during the period. Reinhart Partners LLC. owned about 0.07% of Camden Property Trust worth $8,712,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in shares of Camden Property Trust by 16.8% during the first quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 89 shares during the period. Country Club Bank increased its holdings in shares of Camden Property Trust by 0.4% during the first quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust's stock worth $3,204,000 after purchasing an additional 92 shares during the period. Amalgamated Bank increased its stake in Camden Property Trust by 0.5% in the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock valued at $2,514,000 after acquiring an additional 93 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Camden Property Trust by 0.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust's stock valued at $2,102,000 after acquiring an additional 98 shares during the last quarter. Finally, First Manhattan CO. LLC. increased its stake in Camden Property Trust by 0.3% in the first quarter. First Manhattan CO. LLC. now owns 30,878 shares of the real estate investment trust's stock valued at $3,809,000 after acquiring an additional 101 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CPT. Barclays decreased their price objective on shares of Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Piper Sandler decreased their price objective on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Wells Fargo & Company decreased their price objective on shares of Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Wall Street Zen raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Evercore ISI raised their target price on shares of Camden Property Trust from $114.00 to $116.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and an average price target of $122.25.

Camden Property Trust Stock Up 0.7%

Shares of NYSE:CPT traded up $0.75 during midday trading on Friday, hitting $108.07. 1,770,844 shares of the company's stock were exchanged, compared to its average volume of 802,019. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a 50 day moving average price of $109.77 and a 200-day moving average price of $113.83. The company has a market cap of $11.55 billion, a PE ratio of 75.57, a price-to-earnings-growth ratio of 3.66 and a beta of 0.80. 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 posted 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. The company had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $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. On average, sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.9%. Camden Property Trust's payout ratio is presently 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.