Adage Capital Partners GP L.L.C. Grows Stock Holdings in Camden Property Trust $CPT

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Camden Property Trust by 380.9%, owning 239,000 shares worth $29,230,000 after acquiring an additional 189,300 shares in Q1.
• Camden Property Trust reported a 2.4% year-over-year increase in revenue, generating $396.51 million and an EPS of $1.70, which exceeded analyst estimates.
• The firm's stock has a current yield of 3.8% with an annualized dividend payout of $4.20, but has a high dividend payout ratio of 293.71%.

Adage Capital Partners GP L.L.C. boosted its position in Camden Property Trust (NYSE:CPT - Free Report) by 380.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 239,000 shares of the real estate investment trust's stock after buying an additional 189,300 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.22% of Camden Property Trust worth $29,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. MQS Management LLC purchased a new stake in Camden Property Trust in the first quarter worth $1,421,000. Starwood Capital Group Management L.L.C. boosted its holdings in shares of Camden Property Trust by 125.6% in the fourth quarter. Starwood Capital Group Management L.L.C. now owns 316,179 shares of the real estate investment trust's stock worth $36,689,000 after acquiring an additional 176,000 shares during the period. Chicago Capital LLC bought a new position in shares of Camden Property Trust in the first quarter worth $402,000. Fifth Third Bancorp boosted its holdings in shares of Camden Property Trust by 4.9% in the first quarter. Fifth Third Bancorp now owns 5,177 shares of the real estate investment trust's stock worth $633,000 after acquiring an additional 244 shares during the period. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Camden Property Trust by 18.2% in the first quarter. Arkadios Wealth Advisors now owns 2,566 shares of the real estate investment trust's stock worth $314,000 after acquiring an additional 396 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

NYSE CPT traded down $0.99 during trading hours on Wednesday, reaching $110.64. 291,338 shares of the stock traded hands, compared to its average volume of 970,687. The stock has a 50 day simple moving average of $110.61 and a two-hundred day simple moving average of $114.65. 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. The company has a market cap of $11.82 billion, a price-to-earnings ratio of 77.40, a price-to-earnings-growth ratio of 3.76 and a beta of 0.80.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates 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 company'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, analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were given a dividend of $1.05 per share. The ex-dividend date was Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.8%. Camden Property Trust's dividend payout ratio (DPR) is presently 293.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CPT shares. Barclays cut their price target on 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 cut their price target on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Royal Bank Of Canada cut their price target on Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating for the company in a report on Monday, August 4th. Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Mizuho cut their price target on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and an average price target of $123.65.

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.