Camden Property Trust (NYSE:CPT) CFO Sells $204,931.72 in Stock

Camden Property Trust (NYSE:CPT) CFO Alexander J. Jessett sold 1,862 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $204,931.72. Following the transaction, the chief financial officer now directly owns 122,384 shares of the company’s stock, valued at approximately $13,469,583.04. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Camden Property Trust Stock Down 1.5 %

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

Camden Property Trust Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.77%. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and increased their target price for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Barclays assumed coverage on shares of Camden Property Trust in a research note on Tuesday, December 17th. They set an “overweight” rating and a $138.00 target price for the company. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 target price for the company. Finally, 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. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $126.75.

Hedge Funds Weigh In On Camden Property Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of CPT. Wellington Management Group LLP grew its position in Camden Property Trust by 86.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after buying an additional 918,078 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Camden Property Trust by 508.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock worth $116,911,000 after buying an additional 790,974 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Camden Property Trust by 97.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock worth $158,028,000 after buying an additional 630,768 shares during the last quarter. Duquesne Family Office LLC acquired a new position in shares of Camden Property Trust during the 2nd quarter worth $63,056,000. Finally, Heitman Real Estate Securities LLC raised its stake in shares of Camden Property Trust by 3,155.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock worth $55,501,000 after buying an additional 435,495 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other 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.