Uniplan Investment Counsel Inc. Cuts Stock Holdings in Camden Property Trust $CPT

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 stake in Camden Property Trust (NYSE:CPT - Free Report) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 1.2% of Uniplan Investment Counsel Inc.'s portfolio, making the stock its 22nd largest holding. Uniplan Investment Counsel Inc. owned approximately 0.09% of Camden Property Trust worth $11,897,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in shares of Camden Property Trust by 41.7% in the fourth quarter. Ameriprise Financial Inc. now owns 204,874 shares of the real estate investment trust's stock worth $23,781,000 after buying an additional 60,250 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of 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 acquiring an additional 1,000 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in shares of Camden Property Trust during the 4th quarter valued at approximately $575,000. Cresset Asset Management LLC purchased a new position in shares of Camden Property Trust in the fourth quarter valued at $251,000. Finally, Deutsche Bank AG increased its position in Camden Property Trust by 29.0% in the fourth quarter. Deutsche Bank AG now owns 419,406 shares of the real estate investment trust's stock worth $48,668,000 after purchasing an additional 94,218 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CPT. Piper Sandler decreased their price target 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. JPMorgan Chase & Co. increased their price target on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a report on Tuesday, June 17th. Morgan Stanley reduced their price objective on Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. UBS Group decreased their price objective on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. Finally, Evercore ISI lowered their price objective on Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating for the company in a research note on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $123.11.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $111.25 on Friday. 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 firm has a market capitalization of $11.89 billion, a P/E ratio of 77.79, a price-to-earnings-growth ratio of 3.78 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's 50-day moving average is $110.66 and its 200 day moving average is $114.78.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results 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. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The firm had revenue of $396.51 million for the quarter, compared to analysts' expectations of $393.24 million. During the same quarter in the prior year, the firm posted $1.71 earnings per share. The company's quarterly revenue 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. Research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were paid a $1.05 dividend. The ex-dividend date 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 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.

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