Camden Property Trust (NYSE:CPT) Short Interest Update

Camden Property Trust (NYSE:CPT) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,690,000 shares, an increase of 8.0% from the May 15th total of 2,490,000 shares. Based on an average daily volume of 949,600 shares, the short-interest ratio is currently 2.8 days.

Camden Property Trust Trading Up 1.0 %

CPT opened at $109.62 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $11.68 billion, a PE ratio of 26.87, a PEG ratio of 4.25 and a beta of 0.86. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The firm has a 50-day moving average price of $103.14 and a two-hundred day moving average price of $99.13.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.76%. The ex-dividend date is Friday, June 28th. Camden Property Trust’s payout ratio is presently 100.98%.

Analyst Upgrades and Downgrades

CPT has been the subject of a number of analyst reports. Mizuho reduced their price objective on shares of Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Wedbush raised their price objective on shares of Camden Property Trust from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Morgan Stanley raised their price objective on shares of Camden Property Trust from $98.00 to $105.50 and gave the stock an “equal weight” rating in a report on Tuesday, May 14th. Scotiabank raised their price objective on shares of Camden Property Trust from $104.00 to $108.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 14th. Finally, Wells Fargo & Company raised their price objective on shares of Camden Property Trust from $92.00 to $104.00 and gave the stock an “underweight” rating in a report on Friday, May 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $106.86.

Institutional Investors Weigh In On Camden Property Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPT. Vanguard Group Inc. grew its position in shares of Camden Property Trust by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after buying an additional 289,425 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Camden Property Trust by 41.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock valued at $382,575,000 after purchasing an additional 1,187,974 shares during the period. Norges Bank acquired a new stake in shares of Camden Property Trust during the fourth quarter worth $376,933,000. Victory Capital Management Inc. increased its holdings in Camden Property Trust by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 3,686,395 shares of the real estate investment trust’s stock valued at $366,022,000 after purchasing an additional 87,337 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its holdings in Camden Property Trust by 64.2% during the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock worth $228,939,000 after buying an additional 898,398 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

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.