Camden Property Trust (NYSE:CPT) Short Interest Up 20.0% in April

Camden Property Trust (NYSE:CPT - Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,860,000 shares, a growth of 20.0% from the March 31st total of 1,550,000 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CPT. Federated Hermes Inc. boosted its stake in shares of Camden Property Trust by 6.5% during the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock valued at $170,000 after buying an additional 90 shares during the period. 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 purchasing an additional 92 shares during the last quarter. Amalgamated Bank grew its stake in Camden Property Trust by 0.5% in the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock valued at $2,514,000 after purchasing an additional 93 shares in the last quarter. UMB Bank n.a. increased its position in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 98 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Camden Property Trust by 0.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust's stock worth $2,102,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Trading Up 5.3 %

Shares of CPT stock traded up $6.09 during trading hours on Friday, reaching $120.92. 1,793,704 shares of the stock traded hands, compared to its average volume of 921,561. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $13.16 billion, a PE ratio of 80.61, a PEG ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 1-year low of $98.35 and a 1-year high of $127.69. The business has a fifty day moving average price of $116.91 and a 200 day moving average price of $117.47.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.04. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The company had revenue of $390.57 million for the quarter, compared to the consensus estimate of $388.47 million. During the same period in the previous year, the business earned $1.70 EPS. The company's revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a dividend of $1.05 per share. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Monday, March 31st. Camden Property Trust's dividend payout ratio (DPR) is currently 280.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CPT shares. Wells Fargo & Company cut their price target on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Barclays reduced their price target on Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. StockNews.com cut Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Wednesday. Royal Bank of Canada lifted their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and increased their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $127.61.

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.

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