Jump Financial LLC Has $2.41 Million Position in Camden Property Trust (NYSE:CPT)

Jump Financial LLC raised its position in Camden Property Trust (NYSE:CPT) by 32.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,777 shares of the real estate investment trust’s stock after acquiring an additional 5,051 shares during the period. Jump Financial LLC’s holdings in Camden Property Trust were worth $2,411,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Camden Property Trust during the fourth quarter worth $187,606,000. Invesco Ltd. raised its stake in shares of Camden Property Trust by 17.3% in the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock valued at $344,432,000 after acquiring an additional 438,685 shares during the last quarter. Centersquare Investment Management LLC raised its position in Camden Property Trust by 15.9% in the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust’s stock valued at $292,699,000 after purchasing an additional 345,331 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Camden Property Trust by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock valued at $510,674,000 after buying an additional 277,117 shares in the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Camden Property Trust during the 4th quarter worth about $23,972,000. Institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CPT shares. Mizuho reduced their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Citigroup upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $125.00 to $138.00 in a report on Friday, March 28th. Jefferies Financial Group upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Truist Financial boosted their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Finally, Royal Bank of Canada raised their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. One 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $127.61.

Camden Property Trust Stock Up 1.8 %

Shares of CPT stock opened at $112.16 on Friday. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of 74.77, a P/E/G ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 12-month low of $95.65 and a 12-month high of $127.69. The firm has a fifty day moving average of $118.16 and a 200-day moving average of $117.94. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT) last released its 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 return on equity of 3.35% and a net margin of 10.58%. As a group, equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a $1.05 dividend. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.74%. Camden Property Trust’s payout ratio is presently 280.00%.

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.