Heather J. Brunner Sells 264 Shares of Camden Property Trust (NYSE:CPT) Stock

Camden Property Trust (NYSE:CPT) Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, the director now directly owns 10,273 shares in the company, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Camden Property Trust Trading Up 0.7 %

NYSE CPT traded up $0.74 on Wednesday, reaching $111.05. The company had a trading volume of 882,139 shares, compared to its average volume of 879,288. 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 $11.85 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 4.40 and a beta of 0.94. The stock’s 50 day moving average is $119.22 and its 200-day moving average is $118.52. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors 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%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust in the second quarter valued at about $33,000. Neo Ivy Capital Management acquired a new stake in Camden Property Trust in the 3rd quarter valued at about $38,000. American Capital Advisory LLC increased its position in Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 128 shares during the last quarter. Sentry Investment Management LLC bought a new stake in Camden Property Trust in the third quarter valued at approximately $62,000. Finally, Versant Capital Management Inc lifted its position in shares of Camden Property Trust by 77.7% in the fourth quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 313 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research note on Monday, November 4th. Scotiabank decreased their price objective on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their target price on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Barclays initiated coverage on Camden Property Trust in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 price target on the stock. Finally, BNP Paribas initiated coverage on Camden Property Trust in a report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price objective for the company. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and an average 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.