Jump Financial LLC Raises Stock Position in Camden Property Trust (NYSE:CPT)

Jump Financial LLC raised its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 32.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,777 shares of the real estate investment trust's stock after purchasing an additional 5,051 shares during the period. Jump Financial LLC's holdings in Camden Property Trust were worth $2,411,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CPT. Norges Bank acquired a new stake in shares of Camden Property Trust in the fourth quarter worth approximately $187,606,000. Invesco Ltd. lifted its position in Camden Property Trust by 17.3% during the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock worth $344,432,000 after buying an additional 438,685 shares in the last quarter. Centersquare Investment Management LLC lifted its position in Camden Property Trust by 15.9% during the fourth quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock worth $292,699,000 after buying an additional 345,331 shares in the last quarter. Victory Capital Management Inc. lifted its position in Camden Property Trust by 6.7% during the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock worth $510,674,000 after buying an additional 277,117 shares in the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Camden Property Trust during the fourth quarter worth approximately $23,972,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CPT shares. Stifel Nicolaus lifted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Truist Financial lifted their price objective on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. Royal Bank of Canada lifted their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and lifted their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $127.61.

Camden Property Trust Stock Up 0.9 %

Shares of NYSE CPT traded up $1.02 during midday trading on Thursday, hitting $115.05. The company's stock had a trading volume of 167,343 shares, compared to its average volume of 913,853. The business's fifty day simple moving average is $117.63 and its two-hundred day simple moving average is $117.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a 1 year low of $97.12 and a 1 year high of $127.69. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of 76.71, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. On average, equities analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is currently 280.00%.

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.