Camden Property Trust (NYSE:CPT) Short Interest Update

Camden Property Trust (NYSE:CPT) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 1,280,000 shares, a decline of 30.4% from the February 13th total of 1,840,000 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 853,000 shares, the days-to-cover ratio is currently 1.5 days.

Insiders Place Their Bets

In other Camden Property Trust news, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heather J. Brunner sold 264 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, the director now directly owns 10,273 shares in the company, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Camden Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Siemens Fonds Invest GmbH increased its stake in shares of Camden Property Trust by 547.1% during 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 Camden Property Trust during the 4th quarter worth approximately $10,661,000. Toronto Dominion Bank increased its position in 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 valued at $6,623,000 after acquiring an additional 4,404 shares during the period. GF Fund Management CO. LTD. acquired a new position in Camden Property Trust in the 4th quarter valued at approximately $225,000. Finally, Highview Capital Management LLC DE boosted 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 valued at $1,191,000 after purchasing an additional 213 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on CPT shares. Scotiabank upped their target price on Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Barclays increased their target price on Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Royal Bank of Canada raised their price objective on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Mizuho cut their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Finally, StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Camden Property Trust presently has an average rating of “Hold” and an average target price of $127.19.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $118.23 on Friday. The company’s fifty day moving average is $116.74 and its two-hundred day moving average is $119.46. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 12-month low of $94.75 and a 12-month high of $127.69. The company has a market cap of $12.62 billion, a P/E ratio of 78.82, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect 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. Shareholders of record on Monday, March 31st will be paid a $1.05 dividend. The ex-dividend date is Monday, March 31st. 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 yield of 3.55%. Camden Property Trust’s dividend payout ratio (DPR) is presently 280.00%.

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.