Evergreen Capital Management LLC Purchases New Holdings in Camden Property Trust $CPT

Key Points

• Evergreen Capital Management LLC acquired 2,527 shares of Camden Property Trust valued at approximately $312,000 during the 1st quarter, indicating growing interest from institutional investors in the real estate investment trust.
• Camden Property Trust's stock has seen a decline of 3.1% recently, with a market capitalization of $11.60 billion and a current price target consensus of $124.04 among analysts.
• Despite its performance, Camden Property Trust announced a quarterly dividend of $1.05, yielding 3.9%, though its dividend payout ratio stands at an unusually high 293.71%.

Evergreen Capital Management LLC bought a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,527 shares of the real estate investment trust's stock, valued at approximately $312,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Magnetar Financial LLC purchased a new position in shares of Camden Property Trust during the first quarter worth $10,672,000. Landscape Capital Management L.L.C. purchased a new position in shares of Camden Property Trust during the first quarter worth $213,000. Warwick Investment Management Inc. purchased a new position in shares of Camden Property Trust during the first quarter worth $278,000. Axiom Investors LLC DE boosted its position in shares of Camden Property Trust by 50.5% during the first quarter. Axiom Investors LLC DE now owns 5,870 shares of the real estate investment trust's stock worth $718,000 after buying an additional 1,969 shares during the period. Finally, Jump Financial LLC boosted its position in shares of Camden Property Trust by 46.4% during the first quarter. Jump Financial LLC now owns 30,413 shares of the real estate investment trust's stock worth $3,720,000 after buying an additional 9,636 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Stock Up 0.8%

Camden Property Trust stock traded up $0.91 during midday trading on Friday, reaching $111.25. The company's stock had a trading volume of 995,322 shares, compared to its average volume of 793,592. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.69. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. The company has a market cap of $11.89 billion, a P/E ratio of 77.79, a P/E/G ratio of 3.78 and a beta of 0.80. The business has a 50-day simple moving average of $110.66 and a 200-day simple moving average of $114.78.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted 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 company had revenue of $396.51 million for the quarter, compared to analysts' expectations of $393.24 million. During the same period last year, the firm earned $1.71 earnings per share. Camden Property Trust's quarterly revenue 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, research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders 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 dividend yield of 3.8%. Camden Property Trust's payout ratio is 293.71%.

Wall Street Analyst Weigh In

CPT has been the subject of several research analyst reports. Piper Sandler lowered their price target on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Wall Street Zen upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. lifted their target price on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a report on Tuesday, June 17th. Stifel Nicolaus upgraded Camden Property Trust from a "hold" rating to a "buy" rating and set a $122.75 target price for the company in a report on Tuesday, August 26th. Finally, Citigroup decreased their target price on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and an average price target of $123.11.

About Camden Property Trust

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.