United Services Automobile Association Acquires New Stake in Camden Property Trust $CPT

Key Points

• United Services Automobile Association invested approximately $330,000 in Camden Property Trust by purchasing 2,702 shares in the first quarter, as reported in a Form 13F filing.
• Camden Property Trust announced a quarterly dividend of $1.05 per share, resulting in an annualized dividend yield of 3.8%.
• Analysts have varied price target adjustments for Camden Property Trust, with a consensus rating of "Hold" and a price target of $123.27, indicating mixed expectations for future performance.

United Services Automobile Association acquired a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,702 shares of the real estate investment trust's stock, valued at approximately $330,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in Camden Property Trust by 16.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust's stock worth $76,000 after acquiring an additional 89 shares during the last quarter. Country Club Bank lifted its holdings in Camden Property Trust by 0.4% during the 1st quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust's stock worth $3,204,000 after buying an additional 92 shares during the period. Amalgamated Bank lifted its holdings in Camden Property Trust by 0.5% during the 1st quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock worth $2,514,000 after buying an additional 93 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Camden Property Trust by 0.5% in the 4th 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 purchasing an additional 98 shares during the period. Finally, First Manhattan CO. LLC. lifted its stake in shares of Camden Property Trust by 0.3% in the 1st quarter. First Manhattan CO. LLC. now owns 30,878 shares of the real estate investment trust's stock valued at $3,809,000 after purchasing an additional 101 shares during the period. Institutional investors own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

CPT has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on 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. Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. boosted their target price on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research report on Tuesday, June 17th. UBS Group decreased their target price on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Finally, Morgan Stanley decreased their target price on Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 13th. 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 company. According to data from MarketBeat, Camden Property Trust has a consensus rating of "Hold" and an average price target of $123.41.

Camden Property Trust Stock Down 1.0%

CPT traded down $1.13 during midday trading on Monday, reaching $108.38. 756,867 shares of the company were exchanged, compared to its average volume of 789,129. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18. The company's fifty day moving average price is $110.26 and its 200 day moving average price is $114.24. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 75.79, a price-to-earnings-growth ratio of 3.71 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 released its 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 company had revenue of $396.51 million during the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.Camden Property Trust's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company 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. As a group, analysts expect 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 will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.9%. Camden Property Trust's dividend 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.