Camden Property Trust (NYSE:CPT) Short Interest Update

Camden Property Trust (NYSE:CPTGet Rating) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,300,000 shares, a decline of 8.5% from the August 15th total of 1,420,000 shares. Based on an average trading volume of 768,800 shares, the short-interest ratio is presently 1.7 days.

Camden Property Trust Trading Down 1.3 %

CPT opened at $122.45 on Thursday. The stock has a market capitalization of $13.04 billion, a P/E ratio of 16.09, a P/E/G ratio of 3.52 and a beta of 0.78. Camden Property Trust has a 12 month low of $122.45 and a 12 month high of $180.37. The firm’s fifty day simple moving average is $135.26 and its 200 day simple moving average is $145.33. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.72.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a dividend of $0.94 per share. The ex-dividend date is Thursday, September 29th. This represents a $3.76 annualized dividend and a yield of 3.07%. Camden Property Trust’s dividend payout ratio (DPR) is presently 49.41%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CPT. The Goldman Sachs Group lifted their target price on shares of Camden Property Trust from $143.00 to $158.00 and gave the stock a “neutral” rating in a report on Tuesday, August 16th. Royal Bank of Canada boosted their price target on shares of Camden Property Trust from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, August 1st. Capital One Financial reissued an “overweight” rating on shares of Camden Property Trust in a report on Thursday, August 18th. Piper Sandler decreased their price target on shares of Camden Property Trust from $160.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. Finally, Truist Financial boosted their price target on shares of Camden Property Trust from $149.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 18th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.07.

Insiders Place Their Bets

In other Camden Property Trust news, Director Kelvin R. Westbrook sold 1,820 shares of Camden Property Trust stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $130.77, for a total transaction of $238,001.40. Following the completion of the sale, the director now owns 24,932 shares of the company’s stock, valued at approximately $3,260,357.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Camden Property Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lloyd Advisory Services LLC. bought a new stake in Camden Property Trust during the 1st quarter worth about $25,000. Allworth Financial LP lifted its position in Camden Property Trust by 350.0% during the 1st quarter. Allworth Financial LP now owns 180 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 140 shares in the last quarter. Venture Visionary Partners LLC bought a new stake in Camden Property Trust during the 2nd quarter worth about $32,000. Northwestern Mutual Wealth Management Co. lifted its position in Camden Property Trust by 231.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 272 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 190 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new stake in Camden Property Trust during the 2nd quarter worth about $43,000. 94.08% of the stock is owned by institutional investors.

About Camden Property Trust

(Get Rating)

Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.

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