Pensionfund Sabic Lowers Stock Position in Camden Property Trust $CPT

Pensionfund Sabic cut its holdings in shares of Camden Property Trust (NYSE:CPT) by 18.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,031 shares of the real estate investment trust’s stock after selling 4,200 shares during the quarter. Pensionfund Sabic’s holdings in Camden Property Trust were worth $2,205,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CPT. Millennium Management LLC raised its stake in shares of Camden Property Trust by 1,669.3% during the first quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust’s stock worth $131,880,000 after acquiring an additional 1,017,388 shares in the last quarter. Nuveen LLC purchased a new position in shares of Camden Property Trust during the first quarter worth approximately $123,882,000. GAMMA Investing LLC raised its stake in shares of Camden Property Trust by 12,973.9% during the first quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust’s stock worth $49,359,000 after acquiring an additional 400,503 shares in the last quarter. Woodline Partners LP purchased a new position in shares of Camden Property Trust during the first quarter worth approximately $45,879,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Camden Property Trust by 17.2% during the first quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust’s stock worth $227,942,000 after acquiring an additional 273,966 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented 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. 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. UBS Group decreased their target price on shares of Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 17th. Six 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’s stock. Based on data from MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and an average target price of $123.27.

Camden Property Trust Stock Down 1.1%

Shares of NYSE CPT opened at $109.50 on Friday. 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 has a 52 week low of $102.35 and a 52 week high of $127.69. The firm’s fifty day moving average is $110.36 and its 200 day moving average is $114.45. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 76.57, a PEG ratio of 3.76 and a beta of 0.80.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping the consensus estimate of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The company had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. During the same period in the previous year, the firm earned $1.71 earnings per share. The firm’s revenue for the quarter 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. On average, equities research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued a $1.05 dividend. The ex-dividend date was Monday, June 30th. This represents a $4.20 annualized dividend and a yield of 3.8%. Camden Property Trust’s payout ratio is 293.71%.

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.