Camden Property Trust (NYSE:CPT) Short Interest Update

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CPT. Lindbrook Capital LLC boosted its stake in Camden Property Trust by 90.4% in the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 132 shares in the last quarter. Kings Path Partners LLC purchased a new stake in Camden Property Trust during the 2nd quarter worth approximately $33,000. Federated Hermes Inc. purchased a new stake in Camden Property Trust during the 2nd quarter worth approximately $33,000. Family Firm Inc. purchased a new stake in Camden Property Trust during the 2nd quarter worth approximately $39,000. Finally, Versant Capital Management Inc grew its position in Camden Property Trust by 2,187.5% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CPT shares. Evercore ISI raised their target price on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Piper Sandler lifted their price objective on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Bank of America upgraded shares of Camden Property Trust from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $111.00 to $147.00 in a research report on Monday, August 12th. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $104.00 to $127.00 in a research report on Monday, August 26th. Finally, Scotiabank lifted their price objective on shares of Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a research report on Monday, September 16th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $121.69.

Camden Property Trust Trading Down 0.8 %

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 P/E/G ratio of 4.76 and a beta of 0.90. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $127.69. The firm’s 50-day moving average is $120.92 and its 200 day moving average is $109.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37.

Camden Property Trust (NYSE:CPT) last posted its earnings results 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). The business had revenue of $387.15 million for the quarter, compared to analysts’ expectations of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same period last year, the business posted $1.70 EPS. On average, research analysts anticipate that Camden Property Trust will post 6.77 EPS for the current year.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Monday, September 30th. Camden Property Trust’s payout ratio is currently 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.