Traders are more bullish on Camden Property Trust recently if you consider the motion in short interest. The stock experienced a fall in short interest of -8.58% as of September 29, 2017 from the last reporting period. Short interest fell 315,579 over that period. The short-interest ratio increased to 4.0 and the short interest percentage is 0.04% as of September 29.
There has been some selling insider activity on Camden Property Trust (NYSE:CPT) recently. William B. Mcguire, Director sold $290,316 worth of shares at an average price of $89.77 on August 8th. The Director now owns $0 of the stock per an SEC filing yesterday. Chief Operating Officer H. Malcolm Stewart disclosed the sale of 11,174 shares. The shares were sold on August 8th for an average price of $89.75. The Chief Operating Officer now owns $22,747,676 of the stock per the Form 4 SEC filing.
William W. Sengelmann, EVP – Real Estate Investments reported the sale of 5,085 shares of (CPT). The shares sold for $89.99. Sengelmann now owns $6,075,585 of the stock according to the SEC filing.
These funds have shifted positions in (CPT). As of the end of the quarter Perigon Wealth Management, LLC had bought a total of 800 shares growing its stake by 59.3%. The value of the investment in (CPT) went from $110,000 to $185,000 a change of 68.2% for the reporting period. Genesee Valley Trust Co augmented its position by buying 23 shares an increase of 0.6% in the quarter. Genesee Valley Trust Co owns 4,060 shares valued at $371,000. The value of the position overall is up by 7.5%.
Eqis Capital Management, Inc. bolstered its stake by buying 1,859 shares an increase of 79.0%. Eqis Capital Management, Inc. claims 4,211 shares worth $385,000. The total value of its holdings increased 91.5%. Gulf International Bank (uk) Ltd grew its investment by buying 1,680 shares an increase of 6.2% as of 09/30/2017. Gulf International Bank (uk) Ltd now controls 28,850 shares with a value of $2,638,000. The total value of its holdings increased 13.6%.
On July 18 Barclays left the stock rating at “Equal-Weight” but moved down the price target from $95.00 to $86.00. On August 14 the company was downgraded to “In-Line” from “Outperform” in a report issued by Evercore ISI Group.
August 18 investment analysts at Deutsche Bank maintained a company rating of “Hold” and moved up the price target to $85.00 from $84.00. On September 22 Baird kept the stock rating at “Neutral” and raised the price target from $83.00 to $96.00.
In the market the company is trading up since yesterday’s close of 93.39. Camden Property Trust also recently announced a dividend that was paid on Monday July 17th, 2017. The dividend payment was $0.750 per share for the quarter which is $3.00 annualized. The dividend yield was $3.25. The ex-dividend date was set for Thursday the 28th of September 2017.
The stock is trading at $93.91 which is marginally over $92.28, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $86.94. The 50 day moving average moved up $1.63 and the 200 day average was up $6.97.
The most current P/E ratio is 21.01 and market capitalization is 8.23B. As of the latest earnings report the EPS was $4.47 and is estimated to be $1.73 for the current year with 87,667,000 shares outstanding. Next quarter’s EPS is estimated at $0.49 and the next full year EPS is projected to be $1.96.
Camden Property Trust, incorporated in 1933, is a real estate investment trust (REIT). The Company is involved in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States. The Company also owns land holdings, which it may develop into multifamily communities. The Business’s properties typically consist of mid-rise buildings or two and three story buildings in a landscaped setting and provide residents with a range of amenities common to multifamily rental properties. The 152 operating properties in which it owned interests and operated, as of December 31, 2016, averaged 953 square feet of living area per apartment home. As of December 31, 2016, 137 of its operating properties had over 200 apartment homes..