Wellington Management Group LLP Buys 192,133 Shares of Camden Property Trust $CPT

Key Points

• Wellington Management Group LLP increased its stake in Camden Property Trust by 9.2%, now owning approximately 2.13% of its shares valued at $277.75 million.
• Several other institutional investors also raised their positions, with Northern Trust Corp increasing its stake by 33.7% and Natixis significantly boosting its stake by 741.3%.
• Camden Property Trust reported earnings of $1.70 per share for the last quarter, beating estimates, and a current dividend of $1.05 per share yielding 3.9% annually.

Wellington Management Group LLP lifted its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 9.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,271,077 shares of the real estate investment trust's stock after buying an additional 192,133 shares during the quarter. Wellington Management Group LLP owned approximately 2.13% of Camden Property Trust worth $277,753,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Townsquare Capital LLC lifted its stake in Camden Property Trust by 20.7% in the 4th quarter. Townsquare Capital LLC now owns 2,868 shares of the real estate investment trust's stock worth $333,000 after purchasing an additional 491 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Camden Property Trust by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,592,266 shares of the real estate investment trust's stock worth $184,763,000 after purchasing an additional 7,330 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Camden Property Trust by 35.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,938 shares of the real estate investment trust's stock worth $573,000 after purchasing an additional 1,297 shares in the last quarter. Norinchukin Bank The lifted its stake in Camden Property Trust by 2.3% in the 4th quarter. Norinchukin Bank The now owns 9,307 shares of the real estate investment trust's stock worth $1,080,000 after purchasing an additional 208 shares in the last quarter. Finally, Natixis lifted its stake in Camden Property Trust by 741.3% in the 4th quarter. Natixis now owns 18,063 shares of the real estate investment trust's stock worth $2,096,000 after purchasing an additional 15,916 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Trading Up 1.2%

NYSE:CPT traded up $1.3220 during mid-day trading on Friday, hitting $109.3420. 864,766 shares of the stock traded hands, compared to its average volume of 1,012,479. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 76.46, a PEG ratio of 3.67 and a beta of 0.78. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69. The firm's 50 day moving average is $111.64 and its two-hundred day moving average is $115.39. 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 EPS for the quarter, beating the consensus estimate of $1.69 by $0.01. The company had revenue of $396.51 million for 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 firm's revenue was up 2.4% compared to the same quarter last year. During the same period in the prior 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, equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The business 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. This represents a $4.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, June 30th. Camden Property Trust's dividend payout ratio is currently 293.71%.

Wall Street Analysts Forecast Growth

CPT has been the topic of several research analyst reports. Citigroup decreased their price target 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. Evercore ISI decreased their price target on shares of Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating on the stock in a research note on Tuesday, August 12th. Mizuho decreased their price target on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Morgan Stanley decreased their price target on shares of 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. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Camden Property Trust has a consensus rating of "Hold" and a consensus price target of $124.94.

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.