VIRGINIA RETIREMENT SYSTEMS ET Al Takes $2.45 Million Position in Camden Property Trust $CPT

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Camden Property Trust (NYSE:CPT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,700 shares of the real estate investment trust’s stock, valued at approximately $2,445,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPT. Millennium Management LLC lifted its stake in shares of Camden Property Trust by 1,669.3% in the 1st quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust’s stock valued at $131,880,000 after purchasing an additional 1,017,388 shares during the period. Nuveen LLC purchased a new position in shares of Camden Property Trust in the 1st quarter valued at approximately $123,882,000. Woodline Partners LP purchased a new position in shares of Camden Property Trust in the 1st quarter valued at approximately $45,879,000. JPMorgan Chase & Co. lifted its stake in shares of 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 valued at $227,942,000 after purchasing an additional 273,966 shares during the period. Finally, Wellington Management Group LLP raised its stake in Camden Property Trust by 9.2% during the first quarter. Wellington Management Group LLP now owns 2,271,077 shares of the real estate investment trust’s stock valued at $277,753,000 after buying an additional 192,133 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of recent research reports. The Goldman Sachs Group cut Camden Property Trust from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $118.00 to $106.00 in a research note on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Camden Property Trust in a research note on Wednesday, October 8th. UBS Group lowered their price objective on Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Stifel Nicolaus upgraded Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 price objective for the company in a research note on Tuesday, August 26th. Finally, Barclays lowered their price objective on Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating for the company in a research note on Tuesday, September 30th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $121.61.

Camden Property Trust Stock Up 0.4%

Camden Property Trust stock opened at $103.50 on Wednesday. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 72.38, a PEG ratio of 3.50 and a beta of 0.80. The stock has a fifty day simple moving average of $106.90 and a two-hundred day simple moving average of $111.40. Camden Property Trust has a 12 month low of $100.60 and a 12 month high of $127.65. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT) last posted 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. The business 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%.The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $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. Equities analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were issued a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.1%. Camden Property Trust’s dividend payout ratio (DPR) 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.