Camden Property Trust (NYSE:CPT) Short Interest Down 30.4% in February

Camden Property Trust (NYSE:CPT) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,280,000 shares, a decline of 30.4% from the February 13th total of 1,840,000 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 853,000 shares, the days-to-cover ratio is presently 1.5 days.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 1,043 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $114,792.58. Following the transaction, the chief executive officer now directly owns 299,092 shares of the company’s stock, valued at approximately $32,918,065.52. The trade was a 0.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the transaction, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,548 shares of company stock worth $2,912,212. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CPT. GSA Capital Partners LLP acquired a new position in Camden Property Trust in the 3rd quarter valued at $453,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Camden Property Trust by 0.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 290,969 shares of the real estate investment trust’s stock worth $35,943,000 after buying an additional 1,786 shares during the last quarter. KBC Group NV increased its holdings in shares of Camden Property Trust by 740.8% during the 3rd quarter. KBC Group NV now owns 130,562 shares of the real estate investment trust’s stock worth $16,129,000 after buying an additional 115,033 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Camden Property Trust by 21.7% during the 3rd quarter. Metis Global Partners LLC now owns 14,395 shares of the real estate investment trust’s stock worth $1,778,000 after buying an additional 2,569 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Camden Property Trust by 15.0% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,857 shares of the real estate investment trust’s stock worth $476,000 after buying an additional 504 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

CPT stock opened at $120.24 on Tuesday. Camden Property Trust has a 1 year low of $94.75 and a 1 year high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The stock’s 50 day moving average price is $116.87 and its 200 day moving average price is $119.39. The firm has a market cap of $12.84 billion, a P/E ratio of 80.16, a PEG ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last posted 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 return on equity of 3.35% and a net margin of 10.58%. On average, sell-side analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.49%. Camden Property Trust’s payout ratio is 280.00%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $117.00 to $139.00 in a report on Monday, March 10th. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Royal Bank of Canada lifted their price objective on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Finally, Evercore ISI lifted their price objective 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. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $127.19.

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.