Camden Property Trust $CPT Stock Position Reduced by Uniplan Investment Counsel Inc.

Key Points

• Uniplan Investment Counsel Inc. reduced its stake in Camden Property Trust by 7.7%, now holding 97,278 shares valued at approximately $11.9 million.
• Multiple institutional investors, including Ameriprise Financial and Baird Financial Group, have significantly increased their positions in Camden Property Trust during the fourth quarter.
• Camden Property Trust announced a quarterly dividend of $1.05, reflecting an annual yield of 3.8%, despite having a high dividend payout ratio of 293.71%.

Uniplan Investment Counsel Inc. reduced its position in Camden Property Trust (NYSE:CPT - Free Report) by 7.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,278 shares of the real estate investment trust's stock after selling 8,166 shares during the period. Camden Property Trust makes up approximately 1.2% of Uniplan Investment Counsel Inc.'s holdings, making the stock its 22nd largest holding. Uniplan Investment Counsel Inc. owned approximately 0.09% of Camden Property Trust worth $11,897,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. MQS Management LLC purchased a new position in shares of Camden Property Trust in the 1st quarter valued at $1,421,000. Starwood Capital Group Management L.L.C. raised its position in Camden Property Trust by 125.6% in the fourth 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 purchasing an additional 176,000 shares during the period. Chicago Capital LLC acquired a new position in shares of Camden Property Trust during the first quarter worth about $402,000. Fifth Third Bancorp lifted its stake in shares of Camden Property Trust by 4.9% during the first quarter. Fifth Third Bancorp now owns 5,177 shares of the real estate investment trust's stock worth $633,000 after purchasing an additional 244 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in shares of Camden Property Trust by 18.2% in the first quarter. Arkadios Wealth Advisors now owns 2,566 shares of the real estate investment trust's stock worth $314,000 after buying an additional 396 shares during the period. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Down 1.1%

Shares of NYSE:CPT traded down $1.25 during midday trading on Friday, reaching $109.51. The company had a trading volume of 157,209 shares, compared to its average volume of 968,590. 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's fifty day moving average price is $110.45 and its 200-day moving average price is $114.54. The stock has a market capitalization of $11.70 billion, a P/E ratio of 76.58, a PEG ratio of 3.69 and a beta of 0.80. Camden Property Trust has a one year low of $102.35 and a one year high of $127.69.

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. The business had revenue of $396.51 million during the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The business's revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. Equities research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

CPT has been the topic of several recent research reports. Morgan Stanley reduced 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. Citigroup dropped 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. Wells Fargo & Company decreased their target price on shares of Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Piper Sandler lowered their price target on shares of Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Finally, Truist Financial cut their price objective on shares of Camden Property Trust from $131.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, August 27th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $123.27.

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.