Jefferies Financial Group Inc. Takes $763,000 Position in Camden Property Trust (NYSE:CPT)

Key Points

• Jefferies Financial Group Inc. acquired 6,236 shares of Camden Property Trust, valued at approximately $763,000, marking a new position for the firm in the first quarter.
• Camden Property Trust recently announced a quarterly dividend of $1.05, representing a 3.9% dividend yield, with a payout ratio currently at 293.71%.
• The stock currently trades at $106.44, down 1.1%, and has a 52-week range between $102.35 and $127.69.

Jefferies Financial Group Inc. acquired a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,236 shares of the real estate investment trust's stock, valued at approximately $763,000.

Several other large investors have also recently added to or reduced their stakes in CPT. Invesco Ltd. lifted its stake 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 purchasing an additional 438,685 shares during the last quarter. GAMMA Investing LLC lifted its stake in Camden Property Trust by 12,973.9% during the first quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust's stock worth $49,359,000 after purchasing an additional 400,503 shares during the last quarter. Northern Trust Corp lifted its stake in Camden Property Trust by 33.7% during the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock worth $164,786,000 after purchasing an additional 357,718 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Camden Property Trust by 43.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 749,607 shares of the real estate investment trust's stock worth $86,984,000 after purchasing an additional 225,336 shares during the last quarter. Finally, Landmark Investment Partners L.P. bought a new position in Camden Property Trust during the fourth quarter worth $25,237,000. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CPT shares. Evercore ISI cut their target price on Camden Property Trust from $124.00 to $117.00 and set an "in-line" rating on the stock in a research note on Monday. Truist Financial set a $131.00 target price on Camden Property Trust and gave the company a "buy" rating in a research note on Monday, May 19th. Piper Sandler cut their target price on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a research note on Monday. Barclays raised their target price on Camden Property Trust from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, UBS Group cut their target price on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Camden Property Trust has a consensus rating of "Hold" and a consensus target price of $127.65.

Camden Property Trust Price Performance

NYSE:CPT traded up $0.50 during mid-day trading on Thursday, reaching $106.97. 753,585 shares of the stock were exchanged, compared to its average volume of 928,260. The business has a fifty day moving average price of $113.95 and a 200 day moving average price of $115.82. The firm has a market capitalization of $11.43 billion, a PE ratio of 15.52, a PEG ratio of 3.54 and a beta of 0.78. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. The company has a current ratio of 0.18, a quick ratio of 0.19 and a debt-to-equity ratio of 0.82.

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

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were paid a $1.05 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.9%. Camden Property Trust's dividend payout ratio (DPR) is currently 293.71%.

Insiders Place Their Bets

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total transaction of $142,512.00. Following the transaction, the director owned 117,374 shares of the company's stock, valued at $13,939,336.24. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.80% of the company's stock.

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.