Resolution Capital Ltd Acquires New Shares in Camden Property Trust $CPT

Key Points

• Resolution Capital Ltd has acquired 180,512 shares of Camden Property Trust, valued at approximately $22 million, making it the fund's 23rd largest holding.
• Camden Property Trust recently reported an EPS of $1.70 for the last quarter, slightly beating analysts' estimates and reflecting a year-over-year revenue increase of 2.4%.
• The company announced a quarterly dividend of $1.05, resulting in an annualized yield of 3.8%, despite a significant dividend payout ratio of 293.71%.

Resolution Capital Ltd acquired a new stake in Camden Property Trust (NYSE:CPT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 180,512 shares of the real estate investment trust's stock, valued at approximately $22,077,000. Camden Property Trust comprises 0.4% of Resolution Capital Ltd's investment portfolio, making the stock its 23rd largest holding. Resolution Capital Ltd owned 0.17% of Camden Property Trust at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CPT. Nissay Asset Management Corp Japan ADV increased its stake in Camden Property Trust by 0.9% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 28,503 shares of the real estate investment trust's stock valued at $3,486,000 after acquiring an additional 259 shares during the period. Millennium Management LLC boosted its position in Camden Property Trust by 1,669.3% in the first quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust's stock valued at $131,880,000 after buying an additional 1,017,388 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Camden Property Trust by 1.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,453 shares of the real estate investment trust's stock worth $2,257,000 after purchasing an additional 336 shares in the last quarter. Boothbay Fund Management LLC bought a new position in Camden Property Trust in the 1st quarter worth approximately $7,240,000. Finally, Alliancebernstein L.P. raised its position in Camden Property Trust by 1.9% in the 1st quarter. Alliancebernstein L.P. now owns 157,139 shares of the real estate investment trust's stock worth $19,218,000 after purchasing an additional 2,956 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. 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 report on Wednesday, August 13th. Piper Sandler lowered their price objective on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. JPMorgan Chase & Co. raised their target price on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research report on Tuesday, June 17th. 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, Truist Financial decreased their target price on shares of Camden Property Trust from $131.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, August 27th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $123.11.

Camden Property Trust Stock Performance

Shares of CPT opened at $111.25 on Friday. The firm has a 50-day moving average of $110.66 and a 200-day moving average of $114.81. Camden Property Trust has a one year low of $102.35 and a one year high of $127.69. The company has a market cap of $11.89 billion, a PE ratio of 77.79, a price-to-earnings-growth ratio of 3.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last 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. As a group, equities analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 3.8%. Camden Property Trust's dividend payout ratio is presently 293.71%.

About Camden Property Trust

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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