Camden Property Trust (NYSE:CPT) Short Interest Down 30.4% in February

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

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of the company’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 transaction of $212,168.50. Following the transaction, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. This represents a 14.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 1,043 shares of the company’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 $114,792.58. Following the transaction, the chief executive officer now owns 299,092 shares in the company, valued at $32,918,065.52. The trade was a 0.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,548 shares of company stock worth $2,912,212. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its stake in Camden Property Trust by 6.5% in the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock worth $170,000 after acquiring an additional 90 shares during the last quarter. UMB Bank n.a. lifted its stake in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 98 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Camden Property Trust by 0.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust’s stock worth $2,102,000 after buying an additional 98 shares during the last quarter. First American Bank lifted its position in shares of Camden Property Trust by 1.0% during the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock worth $1,259,000 after buying an additional 104 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Camden Property Trust by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock worth $499,000 after buying an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Up 1.8 %

Shares of CPT stock opened at $120.24 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The stock has a market capitalization of $12.84 billion, a P/E ratio of 80.16, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The company has a 50 day moving average price of $116.87 and a 200 day moving average price of $119.39. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share 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 research analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.49%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is currently 280.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CPT shares. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Barclays increased their price objective on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Stifel Nicolaus increased their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. Finally, Wells Fargo & Company dropped their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and an average target price of $127.19.

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.