Camden Property Trust (NYSE:CPT) Short Interest Update

Camden Property Trust (NYSE:CPT) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 2,000,000 shares, an increase of 12.4% from the September 30th total of 1,780,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Monday, September 16th. BNP Paribas assumed coverage on Camden Property Trust in a report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price target for the company. Royal Bank of Canada cut Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price target for the company. in a report on Monday, September 9th. Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and lifted their price target for the company from $111.00 to $147.00 in a report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price of $121.76.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Camden Property Trust by 16.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust’s stock valued at $18,831,000 after purchasing an additional 27,465 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Camden Property Trust by 3.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust’s stock valued at $15,781,000 after purchasing an additional 5,926 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Camden Property Trust by 59.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust’s stock valued at $1,853,000 after purchasing an additional 7,018 shares during the period. Tidal Investments LLC boosted its stake in Camden Property Trust by 34.1% during the 1st quarter. Tidal Investments LLC now owns 61,007 shares of the real estate investment trust’s stock valued at $5,992,000 after purchasing an additional 15,513 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in Camden Property Trust by 45.3% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 44,646 shares of the real estate investment trust’s stock valued at $4,871,000 after purchasing an additional 13,912 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Down 1.3 %

CPT stock traded down $1.57 during mid-day trading on Thursday, hitting $115.79. The stock had a trading volume of 1,842,992 shares, compared to its average volume of 985,555. 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 1-year low of $82.89 and a 1-year high of $127.69. The company has a fifty day moving average of $122.31 and a 200 day moving average of $113.10. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 4.51 and a beta of 0.90.

Camden Property Trust (NYSE:CPT) last issued 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). The company had revenue of $387.15 million for the quarter, compared to analyst estimates 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 in the prior year, the company posted $1.70 EPS. On average, equities analysts expect that Camden Property Trust will post 6.77 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s dividend payout ratio is 113.19%.

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.