Nicola Wealth Management LTD. Makes New $1.77 Million Investment in Camden Property Trust $CPT

Key Points

• Nicola Wealth Management LTD. has acquired 14,500 shares of Camden Property Trust valued at approximately $1.77 million, indicating increasing institutional interest in the real estate investment trust.
• The company recently reported earnings per share of $1.70, surpassing expectations, with a revenue of $396.51 million for the last quarter.
• Camden Property Trust declared a quarterly dividend of $1.05 per share, yielding 3.8%, despite a high dividend payout ratio of 293.71%.

Nicola Wealth Management LTD. purchased a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,500 shares of the real estate investment trust's stock, valued at approximately $1,773,000.

A number of other hedge funds also recently modified their holdings of the business. Inspire Investing LLC lifted its holdings in shares of Camden Property Trust by 13.7% during the first quarter. Inspire Investing LLC now owns 2,556 shares of the real estate investment trust's stock worth $313,000 after purchasing an additional 308 shares during the period. Strs Ohio acquired a new position in Camden Property Trust in the first quarter valued at $16,742,000. Turn8 Private Wealth Inc. lifted its holdings in Camden Property Trust by 3.5% in the first quarter. Turn8 Private Wealth Inc. now owns 24,125 shares of the real estate investment trust's stock valued at $2,950,000 after buying an additional 817 shares during the period. Focus Partners Wealth lifted its holdings in Camden Property Trust by 2.4% in the first quarter. Focus Partners Wealth now owns 7,573 shares of the real estate investment trust's stock valued at $926,000 after buying an additional 175 shares during the period. Finally, Bayforest Capital Ltd lifted its holdings in Camden Property Trust by 114.0% in the first quarter. Bayforest Capital Ltd now owns 5,737 shares of the real estate investment trust's stock valued at $702,000 after buying an additional 3,056 shares during the period. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Stock Down 1.0%

Shares of NYSE:CPT traded down $1.13 during midday trading on Monday, hitting $108.38. 756,867 shares of the company's stock were exchanged, compared to its average volume of 969,530. 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 stock has a 50 day moving average price of $110.26 and a 200-day moving average price of $114.24. The company has a market cap of $11.58 billion, a PE ratio of 75.79, a price-to-earnings-growth ratio of 3.71 and a beta of 0.80. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping the consensus estimate of $1.69 by $0.01. The company had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 earnings per share. 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, sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.9%. Camden Property Trust's payout ratio is 293.71%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Scotiabank dropped their target price on shares of Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. Morgan Stanley dropped their target price on shares of Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Wells Fargo & Company dropped their target price on shares of Camden Property Trust from $120.00 to $112.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Royal Bank Of Canada dropped their target price on shares of Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating on the stock in a report on Monday, August 4th. Finally, Barclays dropped their target price on shares of Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $123.41.

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.