Camden Property Trust (NYSE:CPT) Short Interest Up 5.2% in November

Camden Property Trust (NYSE:CPT) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,820,000 shares, an increase 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.

Analyst Upgrades and Downgrades

CPT has been the subject of several analyst reports. Scotiabank cut their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Truist Financial increased their target price on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Wedbush lifted their price target on Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group assumed coverage on Camden Property Trust in a research report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price target for the company. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $122.50.

Institutional Investors Weigh In On Camden Property Trust

A number of institutional investors have recently modified their holdings of the business. Kings Path Partners LLC bought a new position in shares of Camden Property Trust during the second quarter worth about $33,000. Federated Hermes Inc. bought a new position in Camden Property Trust in the 2nd quarter worth about $33,000. Neo Ivy Capital Management acquired a new stake in shares of Camden Property Trust in the third quarter valued at approximately $38,000. Family Firm Inc. bought a new stake in shares of Camden Property Trust during the second quarter valued at approximately $39,000. Finally, Versant Capital Management Inc boosted its position in shares of Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 350 shares during the period. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of CPT stock traded down $0.65 on Tuesday, hitting $123.30. 162,895 shares of the stock traded hands, compared to its average volume of 971,511. The company has a market capitalization of $13.15 billion, a PE ratio of 39.23, a PEG ratio of 4.59 and a beta of 0.92. The company’s fifty day moving average is $120.93 and its 200 day moving average is $116.38. 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.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were given a $1.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.34%. Camden Property Trust’s payout ratio is currently 130.38%.

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.