Camden Property Trust (NYSE:CPT) Short Interest Update

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on CPT shares. Stifel Nicolaus increased their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Barclays increased their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Wells Fargo & Company lowered their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Evercore ISI upped their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and a consensus price target of $126.53.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the sale, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the sale, the director now directly owns 10,537 shares in the company, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Camden Property Trust

Several hedge funds have recently made changes to their positions in the business. Siemens Fonds Invest GmbH grew its stake in shares of Camden Property Trust by 547.1% in the 4th quarter. Siemens Fonds Invest GmbH now owns 11,525 shares of the real estate investment trust’s stock worth $1,337,000 after purchasing an additional 9,744 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Camden Property Trust in the 4th quarter worth approximately $10,661,000. Toronto Dominion Bank grew its stake in shares of Camden Property Trust by 8.4% in the 4th quarter. Toronto Dominion Bank now owns 57,073 shares of the real estate investment trust’s stock worth $6,623,000 after purchasing an additional 4,404 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Camden Property Trust in the 4th quarter worth approximately $225,000. Finally, Highview Capital Management LLC DE grew its stake in shares of Camden Property Trust by 2.1% in the 4th quarter. Highview Capital Management LLC DE now owns 10,262 shares of the real estate investment trust’s stock worth $1,191,000 after purchasing an additional 213 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Camden Property Trust stock traded down $2.18 during trading hours on Tuesday, hitting $123.35. 866,234 shares of the company traded hands, compared to its average volume of 875,108. The firm has a market cap of $13.17 billion, a P/E ratio of 82.23, a P/E/G ratio of 4.41 and a beta of 0.94. 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 firm’s 50-day simple moving average is $115.86 and its two-hundred day simple moving average is $119.47. Camden Property Trust has a 1-year low of $94.75 and a 1-year high of $127.69.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate 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, analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

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

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.