Strs Ohio Makes New $16.74 Million Investment in Camden Property Trust $CPT

Key Points

• Strs Ohio has acquired a new stake in Camden Property Trust, purchasing 136,895 shares worth approximately $16.74 million, owning 0.13% of the company as of their latest SEC filing.
• Camden Property Trust reported an EPS of $1.70 for their most recent quarter, exceeding expectations of $1.69, with revenues of $396.51 million, marking a 2.4% increase compared to the same period last year.
• The company has declared a quarterly dividend of $1.05, translating to an annual yield of 3.8%, although their current dividend payout ratio stands at a high 293.71%.

Strs Ohio purchased a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 136,895 shares of the real estate investment trust's stock, valued at approximately $16,742,000. Strs Ohio owned about 0.13% of Camden Property Trust at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CPT. Baird Financial Group Inc. lifted its holdings in Camden Property Trust by 42.3% during the 4th quarter. Baird Financial Group Inc. now owns 3,362 shares of the real estate investment trust's stock worth $390,000 after buying an additional 1,000 shares during the last quarter. Cresset Asset Management LLC purchased a new stake in Camden Property Trust during the 4th quarter worth about $251,000. Ethic Inc. lifted its holdings in Camden Property Trust by 31.2% during the 4th quarter. Ethic Inc. now owns 3,403 shares of the real estate investment trust's stock worth $395,000 after buying an additional 809 shares during the last quarter. Focus Partners Wealth purchased a new stake in Camden Property Trust during the 4th quarter worth about $859,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Camden Property Trust by 1.5% in the 4th quarter. Janus Henderson Group PLC now owns 16,572 shares of the real estate investment trust's stock valued at $1,924,000 after purchasing an additional 245 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

CPT stock traded down $1.13 during trading on Monday, hitting $108.38. The company had a trading volume of 756,867 shares, compared to its average volume of 789,129. The firm has a market cap of $11.58 billion, a PE ratio of 75.79, a price-to-earnings-growth ratio of 3.71 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 firm has a 50-day moving average price of $110.26 and a 200-day moving average price of $114.24. 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 (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, beating the consensus estimate of $1.69 by $0.01. The firm 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 revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous 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. On average, analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.9%. Camden Property Trust's payout ratio is 293.71%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CPT. Mizuho reduced their target price on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Morgan Stanley reduced their target price on Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating for the company in a report on Wednesday, August 13th. Evercore ISI boosted their target price on Camden Property Trust from $114.00 to $116.00 and gave the company an "in-line" rating in a report on Monday. Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Truist Financial reduced their target price on Camden Property Trust from $131.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, August 27th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $123.41.

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.