Camden Property Trust (NYSE:CPT) Sees Large Growth in Short Interest

Camden Property Trust (NYSE:CPT) 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

A number of equities analysts have recently issued reports on CPT shares. Piper Sandler upped their price target on Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised their price target on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and increased their price objective for the company from $111.00 to $147.00 in a research report on Monday, August 12th. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and lifted their target price for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Finally, BNP Paribas began coverage on shares of Camden Property Trust in a report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price target for the company. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $122.50.

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.