Camden Property Trust (NYSE:CPT) CEO Richard J. Campo Sells 7,324 Shares

Camden Property Trust (NYSE:CPT) CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Camden Property Trust Stock Performance

CPT opened at $111.05 on Thursday. 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 has a 52-week low of $90.50 and a 52-week high of $127.69. The firm has a market cap of $11.85 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94. The business’s fifty day moving average is $119.22 and its 200-day moving average is $118.52.

Camden Property Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

CPT has been the topic of several research analyst reports. Stifel Nicolaus downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating and raised their target price for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. BNP Paribas initiated coverage on Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 target price on the stock. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Mizuho reduced their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Two research 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 company has an average rating of “Hold” and a consensus target price of $126.75.

Hedge Funds Weigh In On Camden Property Trust

Several hedge funds have recently bought and sold shares of CPT. Verdence Capital Advisors LLC grew its position in Camden Property Trust by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 113 shares during the last quarter. Doliver Advisors LP increased its holdings in shares of Camden Property Trust by 6.7% during the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 113 shares in the last quarter. American Capital Advisory LLC lifted its stake 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 last quarter. ProShare Advisors LLC boosted its holdings in shares of Camden Property Trust by 0.5% during the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after acquiring an additional 146 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in Camden Property Trust by 1.6% in the 3rd 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 in the last quarter. 97.22% of the stock is owned by institutional investors.

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.