Short Interest in Camden Property Trust (NYSE:CPT) Decreases By 13.5%

Camden Property Trust (NYSE:CPT - Get Free Report) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 1,730,000 shares, a drop of 13.5% from the October 15th total of 2,000,000 shares. Based on an average daily volume of 993,000 shares, the days-to-cover ratio is currently 1.7 days.

Analyst Ratings Changes

Several brokerages recently weighed in on CPT. Royal Bank of Canada decreased their target price on Camden Property Trust from $131.00 to $127.00 and set a "sector perform" rating for the company in a research note on Monday, November 4th. BNP Paribas began coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They issued a "neutral" rating and a $129.00 price target on the stock. Piper Sandler raised their price objective on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a "neutral" rating in a research report on Monday, August 26th. Wedbush boosted their price target on Camden Property Trust from $118.00 to $131.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company raised shares of Camden Property Trust from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $104.00 to $127.00 in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $122.50.

Camden Property Trust Trading Down 0.5 %

Shares of NYSE:CPT traded down $0.58 during midday trading on Friday, hitting $119.77. The company had a trading volume of 864,418 shares, compared to its average volume of 989,953. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 12 month low of $86.50 and a 12 month high of $127.69. The firm has a fifty day simple moving average of $121.10 and a 200 day simple moving average of $114.88. The stock has a market cap of $12.78 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 4.49 and a beta of 0.91.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were given a dividend of $1.03 per share. The ex-dividend date was Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.44%. Camden Property Trust's payout ratio is currently 130.38%.

Institutional Trading of Camden Property Trust

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Camden Property Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust's stock valued at $1,701,521,000 after buying an additional 289,425 shares in the last quarter. State Street Corp lifted its position in Camden Property Trust by 0.5% in the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust's stock valued at $886,693,000 after acquiring an additional 36,528 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Camden Property Trust by 5.0% in the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust's stock worth $470,704,000 after purchasing an additional 206,654 shares during the period. FMR LLC boosted its position in shares of Camden Property Trust by 14.5% during the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust's stock worth $407,324,000 after buying an additional 416,701 shares during the period. Finally, Geode Capital Management LLC boosted its position in Camden Property Trust by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust's stock worth $337,394,000 after acquiring an additional 20,097 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

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.