Camden Property Trust (NYSE:CPT) CEO Sells $838,598.00 in Stock

Camden Property Trust (NYSE:CPT) CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the transaction, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Camden Property Trust Stock Up 0.7 %

Shares of CPT traded up $0.74 during trading hours on Wednesday, hitting $111.05. The company had a trading volume of 882,139 shares, compared to its average volume of 879,288. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The firm has a fifty day moving average price of $119.22 and a 200-day moving average price of $118.52. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 4.40 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $4.12 annualized dividend and a dividend yield of 3.71%. Camden Property Trust’s dividend payout ratio is presently 130.38%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Scotiabank cut their price target on shares of 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 raised their target price on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Jefferies Financial Group began coverage on Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective on the stock. Finally, BNP Paribas began coverage on Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and an average price target of $126.75.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp lifted its position in Camden Property Trust by 0.5% in the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock valued at $886,693,000 after acquiring an additional 36,528 shares in the last quarter. FMR LLC raised its stake in shares of Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after purchasing an additional 416,701 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 valued at $337,394,000 after purchasing an additional 20,097 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of 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 valued at $243,952,000 after buying an additional 918,078 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Camden Property Trust by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock worth $174,299,000 after buying an additional 54,475 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

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.