Camden Property Trust (NYSE:CPT) Short Interest Update

Camden Property Trust (NYSE:CPT) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,090,000 shares, adeclineof23.2% from the July 15th total of 2,720,000 shares. Based on an average daily trading volume, of 955,100 shares, the short-interest ratio is presently 2.2 days. Approximately2.0% of the shares of the company are short sold. Approximately2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 955,100 shares, the short-interest ratio is presently 2.2 days.

Camden Property Trust Trading Up 1.2%

Camden Property Trust stock opened at $109.3420 on Friday. The stock has a market cap of $11.68 billion, a P/E ratio of 76.46, a PEG ratio of 3.67 and a beta of 0.78. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.69. The firm’s fifty day moving average price is $111.64 and its 200-day moving average price is $115.39. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current ratio of 0.18.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.01. The firm had revenue of $396.51 million for the quarter, compared to analysts’ expectations of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.71 earnings per share. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. Equities research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were given a $1.05 dividend. The ex-dividend date was Monday, June 30th. This represents a $4.20 annualized dividend and a yield of 3.8%. Camden Property Trust’s payout ratio is 293.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its position in Camden Property Trust by 16.8% in the first quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 89 shares in the last quarter. Country Club Bank boosted its position in Camden Property Trust by 0.4% during the first quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust’s stock valued at $3,204,000 after buying an additional 92 shares during the period. Amalgamated Bank boosted its position in Camden Property Trust by 0.5% during the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust’s stock valued at $2,514,000 after buying an additional 93 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Camden Property Trust by 0.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust’s stock valued at $2,102,000 after buying an additional 98 shares during the period. Finally, Forsta AP Fonden boosted its position in Camden Property Trust by 0.6% during the second quarter. Forsta AP Fonden now owns 17,400 shares of the real estate investment trust’s stock valued at $1,961,000 after buying an additional 100 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CPT has been the topic of a number of research analyst reports. Royal Bank Of Canada cut their target price on Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating on the stock in a research note on Monday, August 4th. Barclays dropped their price objective on Camden Property Trust from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Scotiabank dropped their price objective on Camden Property Trust from $136.00 to $133.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 14th. Evercore ISI dropped their price objective on Camden Property Trust from $117.00 to $114.00 and set an “in-line” rating on the stock in a research note on Tuesday, August 12th. Finally, Morgan Stanley dropped their price objective on Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $124.94.

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.