Camden Property Trust (NYSE:CPT) Short Interest Update

Camden Property Trust (NYSE:CPT) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,840,000 shares, an increase of 28.7% from the January 31st total of 1,430,000 shares. Based on an average daily trading volume, of 783,300 shares, the short-interest ratio is currently 2.3 days.

Insider Activity

In other news, CFO Alexander J. Jessett sold 13,067 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $1,496,171.50. Following the completion of the transaction, the chief financial officer now owns 124,246 shares of the company’s stock, valued at $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Heather J. Brunner sold 264 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the transaction, the director now directly owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock valued at $2,895,718 over the last 90 days. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CPT. Norges Bank acquired a new position in shares of Camden Property Trust during the fourth quarter worth $187,606,000. Wellington Management Group LLP raised its holdings in Camden Property Trust by 86.9% in the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after acquiring an additional 918,078 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Camden Property Trust by 508.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after acquiring an additional 790,974 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Camden Property Trust by 97.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after acquiring an additional 630,768 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Camden Property Trust by 17.3% in the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock valued at $344,432,000 after acquiring an additional 438,685 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 1.7 %

Shares of NYSE CPT traded down $2.18 during trading on Tuesday, reaching $123.35. 866,234 shares of the stock were exchanged, compared to its average volume of 875,108. The business’s 50-day moving average price is $115.86 and its 200 day moving average price is $119.47. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 82.23, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. As a group, equities analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $1.05 per share. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Monday, March 31st. Camden Property Trust’s payout ratio is presently 280.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Stifel Nicolaus boosted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Friday. Mizuho lowered their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Finally, Scotiabank boosted their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $126.53.

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.