Camden Property Trust (NYSE:CPT) Director Sells $212,168.50 in Stock

Camden Property Trust (NYSE:CPT) Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the transaction, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Camden Property Trust Trading Down 1.5 %

Shares of CPT opened at $109.36 on Friday. The firm’s 50-day moving average price is $119.00 and its 200-day moving average price is $118.42. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 4.40 and a beta of 0.94. 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 1-year low of $90.50 and a 1-year high of $127.69.

Camden Property Trust Dividend Announcement

The firm also recently disclosed 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. This represents a $4.12 annualized dividend and a yield of 3.77%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s payout ratio is currently 130.38%.

Institutional Investors Weigh In On Camden Property Trust

Several hedge funds have recently bought and sold shares of the business. State Street Corp boosted its stake in Camden Property Trust by 0.5% during the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock worth $886,693,000 after acquiring an additional 36,528 shares in the last quarter. FMR LLC boosted its stake in Camden Property Trust by 14.5% during the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after acquiring an additional 416,701 shares in the last quarter. Geode Capital Management LLC boosted its stake in Camden Property Trust by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock worth $337,394,000 after acquiring an additional 20,097 shares in the last quarter. Wellington Management Group LLP boosted its stake in Camden Property Trust by 86.9% during the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after acquiring an additional 918,078 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Camden Property Trust by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock worth $174,299,000 after acquiring an additional 54,475 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CPT. Barclays began coverage on shares of Camden Property Trust in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 target price on the stock. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and lifted their target price for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Jefferies Financial Group began coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 target price on the stock. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Scotiabank decreased their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.