State of Alaska Department of Revenue Acquires 557,850 Shares of Camden Property Trust $CPT

Key Points

• State of Alaska Department of Revenue increased its Camden Property Trust stake by 945.3%, purchasing 557,850 additional shares to reach 616,861 shares valued at approximately $59.7 million.
• Camden reported quarterly revenue of $396.1 million, up 7.4% year over year, but adjusted earnings per share of $0.18 fell well short of the $1.67 analyst consensus.
• The company declared a quarterly dividend of $1.06, equal to an annualized $4.24 and a 4.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $112.08.

State of Alaska Department of Revenue grew its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 945.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 616,861 shares of the real estate investment trust's stock after purchasing an additional 557,850 shares during the period. Camden Property Trust makes up about 0.6% of State of Alaska Department of Revenue's portfolio, making the stock its 25th biggest holding. State of Alaska Department of Revenue owned about 0.61% of Camden Property Trust worth $59,669,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. TT Capital Management LLC increased its position in Camden Property Trust by 83.3% during the 3rd quarter. TT Capital Management LLC now owns 23,456 shares of the real estate investment trust's stock valued at $2,269,000 after buying an additional 10,662 shares in the last quarter. Mather Group LLC. grew its stake in Camden Property Trust by 2,961.5% during the 3rd quarter. Mather Group LLC. now owns 12,338 shares of the real estate investment trust's stock valued at $1,193,000 after purchasing an additional 11,935 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new stake in Camden Property Trust in the third quarter valued at approximately $846,000. Krilogy Financial LLC acquired a new stake in shares of Camden Property Trust in the third quarter worth $1,454,000. Finally, NorthCrest Asset Manangement LLC acquired a new stake in Camden Property Trust during the 3rd quarter worth about $407,000. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Stock Performance

CPT traded up $1.21 on Thursday, reaching $98.45. The stock had a trading volume of 221,650 shares, compared to its average volume of 1,133,120. Camden Property Trust has a 12-month low of $95.30 and a 12-month high of $119.81. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25. The business's 50-day moving average price is $103.17 and its two-hundred day moving average price is $106.51. The company has a market cap of $9.90 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 7.29 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($1.49). The business had revenue of $396.07 million for the quarter, compared to analyst estimates of $392.88 million. Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. Camden Property Trust's revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $1.70 earnings per share. 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. Sell-side analysts forecast that Camden Property Trust will post 6.75 earnings per share for the current year.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th will be given a $1.06 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.3%. Camden Property Trust's payout ratio is 140.40%.

Analyst Upgrades and Downgrades

CPT has been the subject of several analyst reports. Jefferies Financial Group raised Camden Property Trust to a "hold" rating in a report on Wednesday, July 22nd. Wells Fargo & Company dropped their target price on Camden Property Trust from $113.00 to $110.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 1st. Barclays reduced their price target on Camden Property Trust from $123.00 to $114.00 and set an "equal weight" rating for the company in a research report on Wednesday. Wall Street Zen upgraded Camden Property Trust from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 19th. Finally, Morgan Stanley lowered their price objective on Camden Property Trust from $120.00 to $118.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $112.08.

Camden Property Trust Company Profile

Camden Property Trust NYSE: CPT is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides residential rental housing and related property-management services, with properties designed to serve a range of residents in major metropolitan areas.

Camden focuses primarily on high-growth markets in the Sun Belt, including communities in Texas, Florida, Georgia, North Carolina, Colorado, Arizona, Nevada, and Tennessee.

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