Insider Selling: Camden Property Trust (NYSE:CPT) CFO Sells $1,496,171.50 in Stock

Camden Property Trust (NYSE:CPT) CFO Alexander J. Jessett sold 13,067 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $1,496,171.50. Following the completion of the transaction, the chief financial officer now directly owns 124,246 shares in the company, valued at $14,226,167. This trade represents a 9.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $109.36 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The business has a 50 day simple moving average of $119.00 and a 200-day simple moving average of $118.42. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. The stock has a market capitalization of $11.67 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94.

Camden Property Trust Announces Dividend

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 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 yield of 3.77%. Camden Property Trust’s payout ratio is currently 130.38%.

Institutional Trading of Camden Property Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in Camden Property Trust by 5.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,691 shares of the real estate investment trust’s stock valued at $428,000 after purchasing an additional 198 shares during the period. Diversified Trust Co purchased a new position in shares of Camden Property Trust during the 4th quarter worth approximately $1,093,000. Doliver Advisors LP raised its stake 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 buying an additional 113 shares in the last quarter. Pensionfund Sabic lifted its holdings in shares of Camden Property Trust by 15.6% in the 4th quarter. Pensionfund Sabic now owns 22,231 shares of the real estate investment trust’s stock valued at $2,580,000 after buying an additional 3,000 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Camden Property Trust by 15.0% in the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock valued at $11,339,000 after buying an additional 12,805 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Jefferies Financial Group assumed coverage on Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 price target for the company. Royal Bank of Canada reduced their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. Evercore ISI upped their target price on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Barclays initiated coverage on shares of Camden Property Trust in a research note on Tuesday, December 17th. They set an “overweight” rating and a $138.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus target price 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.