Camden Property Trust (NYSE:CPT) Short Interest Down 17.6% in August

Camden Property Trust (NYSE:CPT) saw a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 1,780,000 shares, a decline of 17.6% from the July 31st total of 2,160,000 shares. Based on an average trading volume of 797,800 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Trading of Camden Property Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings in shares of 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 valued at $27,000 after purchasing an additional 132 shares during the last quarter. Kings Path Partners LLC purchased a new stake in shares of Camden Property Trust in the 2nd quarter valued at about $33,000. Federated Hermes Inc. acquired a new position in Camden Property Trust in the 2nd quarter valued at about $33,000. Family Firm Inc. acquired a new position in Camden Property Trust in the 2nd quarter valued at about $39,000. Finally, Versant Capital Management Inc increased its position in Camden Property Trust by 2,187.5% in the 2nd 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 during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CPT shares. Bank of America raised Camden Property Trust from an “underperform” rating to a “buy” rating and lifted their target price for the company from $111.00 to $147.00 in a research report on Monday, August 12th. UBS Group lifted their target price on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Piper Sandler lifted their target price on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Wells Fargo & Company raised Camden Property Trust from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $104.00 to $127.00 in a research report on Monday, August 26th. Finally, Truist Financial boosted their price target on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $116.62.

Camden Property Trust Trading Up 1.0 %

Shares of NYSE CPT traded up $1.25 during trading on Monday, reaching $125.20. The stock had a trading volume of 938,800 shares, compared to its average volume of 963,337. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $125.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37. The business’s 50-day moving average price is $114.97 and its 200-day moving average price is $105.90. The company has a market cap of $13.34 billion, a P/E ratio of 30.69, a PEG ratio of 4.71 and a beta of 0.88.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (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 return on equity of 7.98% and a net margin of 25.64%. During the same period last year, the firm earned $1.70 earnings per share. On average, equities research analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Friday, June 28th. 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 58,634 apartment homes across the United States.