Short Interest in Camden Property Trust (NYSE:CPT) Increases By 5.2%

Camden Property Trust (NYSE:CPT) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,820,000 shares, an increase of 5.2% from the October 31st total of 1,730,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 1.8 days.

Camden Property Trust Stock Performance

NYSE:CPT traded down $0.65 during midday trading on Tuesday, reaching $123.30. The stock had a trading volume of 162,895 shares, compared to its average volume of 971,511. The stock has a market cap of $13.15 billion, a P/E ratio of 39.23, a P/E/G ratio of 4.59 and a beta of 0.92. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 12-month low of $90.50 and a 12-month high of $127.69. The firm has a fifty day simple moving average of $120.93 and a two-hundred day simple moving average of $116.38.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a dividend of $1.03 per share. The ex-dividend date was Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.34%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Institutional Investors Weigh In On Camden Property Trust

Institutional investors have recently added to or reduced their stakes in the business. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Camden Property Trust by 45.3% in 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 buying an additional 13,912 shares during the period. QRG Capital Management Inc. acquired a new stake in Camden Property Trust in the third quarter valued at $1,660,000. Stoneridge Investment Partners LLC acquired a new position in shares of Camden Property Trust during the 3rd quarter worth $2,913,000. Highland Capital Management LLC acquired a new stake in Camden Property Trust in the 3rd quarter valued at about $826,000. Finally, Harvest Portfolios Group Inc. increased its holdings in Camden Property Trust by 242.8% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 12,880 shares of the real estate investment trust’s stock valued at $1,591,000 after acquiring an additional 9,123 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Stifel Nicolaus downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating and increased their price objective for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. BNP Paribas began coverage on Camden Property Trust in a report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price objective on the stock. Piper Sandler boosted their target price on Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Evercore ISI increased their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, Jefferies Financial Group began coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price objective for the company. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $122.50.

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.