Insider Selling: Camden Property Trust (NYSE:CPT) CEO Sells $114,792.58 in Stock

Camden Property Trust (NYSE:CPT) CEO Richard J. Campo sold 1,043 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 299,092 shares of the company’s stock, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Camden Property Trust Stock Down 1.5 %

Shares of NYSE CPT opened at $109.36 on Friday. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 4.40 and a beta of 0.94. The stock has a 50 day moving average price of $119.00 and a 200 day moving average price of $118.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s payout ratio is 130.38%.

Hedge Funds Weigh In On Camden Property Trust

Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust in the 2nd quarter valued at about $33,000. Neo Ivy Capital Management purchased a new position in shares of Camden Property Trust in the 3rd quarter valued at $38,000. American Capital Advisory LLC increased its holdings in shares of Camden Property Trust by 42.7% in 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 period. Sentry Investment Management LLC bought a new position in shares of Camden Property Trust in the 3rd quarter worth $62,000. Finally, Versant Capital Management Inc lifted its stake in shares of Camden Property Trust by 77.7% during the 4th quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

CPT has been the topic of several recent research reports. Royal Bank of Canada decreased their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Jefferies Financial Group began coverage on Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 target price on the stock. Evercore ISI raised their price target on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, Stifel Nicolaus cut shares of 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 research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Camden Property Trust presently has an average rating of “Hold” and a consensus price target of $126.75.

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.