Camden Property Trust $CPT Shares Purchased by Evergreen Capital Management LLC

Evergreen Capital Management LLC raised its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 4,821.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,914 shares of the real estate investment trust's stock after buying an additional 168,421 shares during the period. Evergreen Capital Management LLC owned about 0.17% of Camden Property Trust worth $16,629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CPT. Squarepoint Ops LLC lifted its position in shares of Camden Property Trust by 3,804.2% during the 2nd quarter. Squarepoint Ops LLC now owns 107,327 shares of the real estate investment trust's stock worth $12,288,000 after buying an additional 104,578 shares during the last quarter. CORDA Investment Management LLC. grew its position in shares of Camden Property Trust by 90.8% in the 1st quarter. CORDA Investment Management LLC. now owns 426,913 shares of the real estate investment trust's stock valued at $41,692,000 after buying an additional 203,131 shares during the last quarter. Jennison Associates LLC grew its position in shares of Camden Property Trust by 100.2% in the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust's stock valued at $117,861,000 after buying an additional 603,997 shares during the last quarter. Corient Private Wealth LP raised its stake in Camden Property Trust by 38.2% during the 2nd quarter. Corient Private Wealth LP now owns 120,014 shares of the real estate investment trust's stock worth $13,740,000 after acquiring an additional 33,175 shares in the last quarter. Finally, Empyrean Capital Partners LP acquired a new stake in Camden Property Trust during the 1st quarter worth $9,180,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Piper Sandler reduced their price target on shares of Camden Property Trust from $119.00 to $102.00 and set a "neutral" rating for the company in a research report on Monday, October 12th. Jefferies Financial Group raised Camden Property Trust to a "hold" rating in a report on Wednesday, July 22nd. Evercore set a $110.00 target price on Camden Property Trust in a research report on Monday, September 21st. Barclays cut their target price on Camden Property Trust from $123.00 to $114.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 14th. Finally, Mizuho reduced their target price on Camden Property Trust from $125.00 to $116.00 and set an "outperform" rating for the company in a report on Tuesday, September 8th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $111.62.

Camden Property Trust Stock Performance

NYSE CPT opened at $102.05 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.25. Camden Property Trust has a 52-week low of $95.30 and a 52-week high of $119.81. The business's 50-day moving average price is $101.77 and its 200 day moving average price is $106.52. The firm has a market cap of $10.26 billion, a P/E ratio of 33.79, a P/E/G ratio of 7.60 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.49). The company had revenue of $396.07 million for the quarter, compared to analysts' expectations of $392.88 million. Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.70 EPS. Camden Property Trust has set its FY 2026 guidance at 6.680-6.820 EPS and its Q3 2026 guidance at 1.670-1.710 EPS. On average, equities research analysts expect that Camden Property Trust will post 6.75 earnings per share for the current year.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were paid a dividend of $1.06 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.24 annualized dividend and a yield of 4.2%. Camden Property Trust's payout ratio is presently 140.40%.

Camden Property Trust Profile

Camden Property Trust NYSE: CPT is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides rental housing to individuals and families through a portfolio of communities offering a range of apartment layouts, amenities, and resident services.

Camden focuses primarily on high-growth markets in the Sun Belt, including metropolitan areas in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, and Tennessee. Its communities are generally located in major urban and suburban markets and are managed through the company's in-house property management platform.

Founded in 1993 and headquartered in Houston, Texas, Camden Property Trust has expanded through apartment development, acquisitions, and ongoing property renovations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.