Camden Property Trust (NYSE:CPT) Short Interest Update

Camden Property Trust (NYSE:CPT) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 1,810,000 shares, a decrease of 6.7% from the August 31st total of 1,940,000 shares. Based on an average trading volume of 968,200 shares, the short-interest ratio is currently 1.9 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. Scotiabank increased their price objective on shares of Camden Property Trust from $125.00 to $132.00 and gave the stock a “sector perform” rating in a research report on Monday, September 16th. Royal Bank of Canada cut shares of Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price objective for the company. in a research report on Monday, September 9th. Finally, Wells Fargo & Company raised shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $104.00 to $127.00 in a research report on Monday, August 26th. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and a consensus price target of $121.69.

Hedge Funds Weigh In On Camden Property Trust

Several large investors have recently bought and sold shares of the stock. Lindbrook Capital LLC boosted its position in shares of Camden Property Trust by 90.4% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 132 shares in the last quarter. Kings Path Partners LLC acquired a new stake in shares of Camden Property Trust during the second quarter worth approximately $33,000. Federated Hermes Inc. bought a new position in Camden Property Trust during the second quarter valued at approximately $33,000. Family Firm Inc. bought a new position in Camden Property Trust during the second quarter valued at approximately $39,000. Finally, Versant Capital Management Inc raised its position in Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Shares of CPT stock opened at $122.60 on Wednesday. The company has a market capitalization of $13.06 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 4.76 and a beta of 0.90. The firm has a fifty day simple moving average of $120.92 and a 200-day simple moving average of $109.86. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.69.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. The company had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. During the same quarter last year, the company earned $1.70 earnings per share. Equities research analysts anticipate that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.03 per share. The ex-dividend date is Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.36%. Camden Property Trust’s payout ratio is 100.98%.

Camden Property Trust Company 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.