Richard J. Campo Sells 1,043 Shares of Camden Property Trust (NYSE:CPT) Stock

Camden Property Trust (NYSE:CPT) CEO Richard J. Campo sold 1,043 shares of Camden Property Trust stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $114,792.58. Following the sale, the chief executive officer now directly owns 299,092 shares of the company’s stock, valued at $32,918,065.52. This represents a 0.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Camden Property Trust Stock Up 0.7 %

NYSE CPT opened at $111.05 on Friday. The business has a fifty day moving average price of $119.10 and a 200 day moving average price of $118.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market cap of $11.85 billion, a P/E ratio of 35.14, a P/E/G ratio of 4.40 and a beta of 0.94. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Institutional Investors Weigh In On Camden Property Trust

A number of large investors have recently made changes to their positions in CPT. Verdence Capital Advisors LLC boosted its stake in Camden Property Trust by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 113 shares during the last quarter. Doliver Advisors LP raised its holdings in shares of Camden Property Trust by 6.7% during the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 113 shares during the period. American Capital Advisory LLC boosted its position in shares of Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 128 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Camden Property Trust by 0.5% in the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after purchasing an additional 146 shares during the period. Finally, MML Investors Services LLC increased its position in Camden Property Trust by 1.6% during the third quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust’s stock worth $1,148,000 after purchasing an additional 147 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays assumed coverage on Camden Property Trust in a research report on Tuesday, December 17th. They set an “overweight” rating and a $138.00 target price for the company. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Scotiabank lowered their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Jefferies Financial Group began coverage on Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 price target on the stock. Finally, Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and boosted their price objective for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $126.75.

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.