Short Interest in Camden Property Trust (NYSE:CPT) Rises By 24.2%

Camden Property Trust (NYSE:CPT) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,590,000 shares, a growth of 24.2% from the February 28th total of 1,280,000 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 887,700 shares, the short-interest ratio is currently 1.8 days.

Insider Activity

In other Camden Property Trust news, Director Heather J. Brunner sold 264 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 value of $29,055.84. Following the transaction, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the sale, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at $14,226,167. This trade represents a 9.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $2,912,212 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Camden Property Trust in the fourth quarter valued at about $187,606,000. Wellington Management Group LLP grew its position in shares of Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after buying an additional 918,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Camden Property Trust by 508.9% in the 3rd 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 during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Camden Property Trust by 97.3% in the 3rd 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 during the period. Finally, Invesco Ltd. boosted its stake in Camden Property Trust by 17.3% during the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock worth $344,432,000 after acquiring an additional 438,685 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Trading Up 0.8 %

CPT stock opened at $122.93 on Thursday. 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 twelve month low of $94.75 and a twelve month high of $127.69. The company has a market cap of $13.37 billion, a P/E ratio of 81.95, a PEG ratio of 4.41 and a beta of 0.94. The business has a fifty day moving average of $119.18 and a 200-day moving average of $119.19.

Camden Property Trust (NYSE:CPT) last released its 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%. As a group, equities research analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Monday, March 31st. This is a positive change 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

Several equities research analysts have recently issued reports on CPT shares. Evercore ISI lifted their price target on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Stifel Nicolaus upped their price target on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. 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. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Finally, Mizuho lowered their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $127.76.

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.