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

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

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the completion of the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at $14,226,167. This trade represents a 9.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Heather J. Brunner sold 1,853 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the transaction, the director now directly owns 10,537 shares in the company, valued at $1,206,486.50. The trade was a 14.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock valued at $2,912,212 in the last quarter. 1.80% of the stock is currently owned by insiders.

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Institutional Trading of Camden Property Trust

A number of hedge funds have recently made changes to their positions in CPT. California State Teachers Retirement System raised its holdings in Camden Property Trust by 4.1% in the 4th quarter. California State Teachers Retirement System now owns 154,690 shares of the real estate investment trust's stock valued at $17,950,000 after buying an additional 6,137 shares during the last quarter. Siemens Fonds Invest GmbH raised its stake in shares of Camden Property Trust by 547.1% during the fourth quarter. Siemens Fonds Invest GmbH now owns 11,525 shares of the real estate investment trust's stock valued at $1,337,000 after acquiring an additional 9,744 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Camden Property Trust during the fourth quarter valued at $10,661,000. Toronto Dominion Bank lifted its holdings in shares of Camden Property Trust by 8.4% during the fourth quarter. Toronto Dominion Bank now owns 57,073 shares of the real estate investment trust's stock worth $6,623,000 after purchasing an additional 4,404 shares during the period. Finally, GF Fund Management CO. LTD. bought a new stake in shares of Camden Property Trust in the fourth quarter worth $225,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and dropped their price target for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and increased their price target for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Truist Financial raised their price objective on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $127.19.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock traded up $0.17 during midday trading on Thursday, hitting $120.01. 789,156 shares of the company traded hands, compared to its average volume of 855,806. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 80.01, a PEG ratio of 4.41 and a beta of 0.94. 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 firm's fifty day moving average price is $117.23 and its 200-day moving average price is $119.36. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. As a group, sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given 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 3.50%. Camden Property Trust's dividend payout ratio (DPR) is currently 280.00%.

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.