Brooklyn Investment Group Increases Stock Position in Camden Property Trust $CPT

Brooklyn Investment Group lifted its holdings in Camden Property Trust (NYSE:CPT) by 352.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 634 shares of the real estate investment trust’s stock after buying an additional 494 shares during the period. Brooklyn Investment Group’s holdings in Camden Property Trust were worth $78,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Centersquare Investment Management LLC increased its holdings in shares of Camden Property Trust by 3.6% in the 1st quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust’s stock worth $319,711,000 after buying an additional 91,752 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Camden Property Trust by 17.2% in the 1st 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. Charles Schwab Investment Management Inc. grew its stake in Camden Property Trust by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,538,038 shares of the real estate investment trust’s stock worth $188,102,000 after acquiring an additional 23,488 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Camden Property Trust by 33.7% during the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust’s stock valued at $164,786,000 after purchasing an additional 357,718 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Camden Property Trust by 9.4% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,398,967 shares of the real estate investment trust’s stock valued at $162,336,000 after purchasing an additional 119,701 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an “underweight” rating in a research note on Tuesday, June 17th. Barclays decreased their price target on shares of Camden Property Trust from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Piper Sandler reduced their target price 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. Morgan Stanley reduced their target price on shares of Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. Finally, Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the company a “buy” rating in a research report on Monday, May 19th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Camden Property Trust has an average rating of “Hold” and a consensus price target of $124.94.

Camden Property Trust Price Performance

Shares of CPT stock opened at $109.3420 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’s 50-day moving average is $111.64 and its two-hundred day moving average is $115.39. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The company has a market capitalization of $11.68 billion, a PE ratio of 76.46, a price-to-earnings-growth ratio of 3.67 and a beta of 0.78.

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 analysts’ consensus estimates 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. Camden Property Trust’s quarterly revenue was up 2.4% compared to the same quarter last year. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. Analysts predict 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. Stockholders of record on Monday, June 30th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust’s payout ratio is 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.