Camden Property Trust (NYSE:CPT – Get Free Report) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,820,000 shares, a growth of 5.2% from the October 31st total of 1,730,000 shares. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is presently 1.8 days.
Camden Property Trust Stock Performance
Shares of NYSE:CPT opened at $122.12 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The firm has a market capitalization of $13.03 billion, a PE ratio of 38.65, a P/E/G ratio of 4.52 and a beta of 0.92. The business’s 50 day moving average price is $120.77 and its 200-day moving average price is $116.54.
Camden Property Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.37%. Camden Property Trust’s dividend payout ratio is currently 130.38%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on CPT
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Kings Path Partners LLC purchased a new stake in shares of Camden Property Trust in the second quarter valued at approximately $33,000. Federated Hermes Inc. purchased a new stake in Camden Property Trust in the 2nd quarter valued at $33,000. Neo Ivy Capital Management acquired a new stake in shares of Camden Property Trust in the 3rd quarter worth $38,000. Family Firm Inc. purchased a new position in shares of Camden Property Trust during the 2nd quarter worth $39,000. Finally, Versant Capital Management Inc boosted its position in shares of Camden Property Trust by 2,187.5% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 350 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.
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.
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