Strs Ohio Invests $16.74 Million in Camden Property Trust $CPT

Strs Ohio bought a new position in Camden Property Trust (NYSE:CPT) during the first quarter, Holdings Channel reports. The firm bought 136,895 shares of the real estate investment trust’s stock, valued at approximately $16,742,000.

Other hedge funds have also recently modified their holdings of the company. Cape Investment Advisory Inc. purchased a new stake in shares of Camden Property Trust in the first quarter worth about $37,000. Tsfg LLC purchased a new stake in shares of Camden Property Trust in the first quarter worth about $40,000. National Pension Service boosted its stake in shares of Camden Property Trust by 74.2% in the first quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 167 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Camden Property Trust by 47.4% in the first quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 158 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Camden Property Trust in the first quarter worth about $64,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

NYSE CPT opened at $109.50 on Friday. The company has a market cap of $11.70 billion, a PE ratio of 76.57, a price-to-earnings-growth ratio of 3.76 and a beta of 0.80. The stock’s 50 day simple moving average is $110.36 and its 200-day simple moving average is $114.45. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. During the same quarter last year, the business posted $1.71 earnings per share. The business’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. As a group, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal 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. This represents a $4.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust’s dividend payout ratio (DPR) is currently 293.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CPT. Morgan Stanley lowered their price target on Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Evercore ISI lowered their price target on Camden Property Trust from $117.00 to $114.00 and set an “in-line” rating on the stock in a research report on Tuesday, August 12th. Truist Financial lowered their price target on Camden Property Trust from $131.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, August 27th. Wells Fargo & Company lowered their price target on Camden Property Trust from $120.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. increased their price target on Camden Property Trust from $127.00 to $129.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 17th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $123.27.

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.