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 business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $114,792.58. Following the completion of the transaction, the chief executive officer now directly owns 299,092 shares of the company’s stock, valued at approximately $32,918,065.52. This trade represents a 0.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $111.05 on Thursday. The firm has a market cap of $11.85 billion, a PE ratio of 35.14, a PEG ratio of 4.40 and a beta of 0.94. The stock has a 50 day moving average of $119.22 and a 200 day moving average of $118.52. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 12 month low of $90.50 and a 12 month 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 issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CPT shares. Evercore ISI increased their target price on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Royal Bank of Canada dropped their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. 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. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Barclays began coverage on shares of Camden Property Trust in a research report on Tuesday, December 17th. They set an “overweight” rating and a $138.00 price objective for the company. Two equities 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, Camden Property Trust presently has an average rating of “Hold” and a consensus target price of $126.75.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds have recently bought and sold shares of CPT. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust in the 2nd quarter worth $33,000. Neo Ivy Capital Management purchased a new position in Camden Property Trust in the third quarter worth about $38,000. American Capital Advisory LLC grew its position in Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 128 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in Camden Property Trust during the third quarter valued at approximately $62,000. Finally, Versant Capital Management Inc raised its position in Camden Property Trust by 77.7% during the fourth quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 313 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Company Profile

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.