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 company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the completion of the transaction, the chief financial officer now owns 124,246 shares of the company’s stock, valued at $14,226,167. This represents a 9.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Camden Property Trust Price Performance

CPT stock 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’s fifty day moving average is $119.22 and its 200 day moving average is $118.52. The company has a market cap of $11.85 billion, a P/E ratio of 35.14, a PEG 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 has a 1 year low of $90.50 and a 1 year high of $127.69.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a $1.03 dividend. The ex-dividend date 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 currently 130.38%.

Institutional Trading of Camden Property Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diversified Trust Co purchased a new position in Camden Property Trust in the 4th quarter valued at about $1,093,000. Doliver Advisors LP lifted its stake in shares of Camden Property Trust by 6.7% during the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 113 shares during the period. Pensionfund Sabic boosted its position in Camden Property Trust by 15.6% during the fourth quarter. Pensionfund Sabic now owns 22,231 shares of the real estate investment trust’s stock worth $2,580,000 after acquiring an additional 3,000 shares during the last quarter. Nordea Investment Management AB grew its stake in Camden Property Trust by 15.0% in the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after acquiring an additional 12,805 shares during the period. Finally, Everence Capital Management Inc. acquired a new position in Camden Property Trust in the 4th quarter valued at $289,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of research reports. Jefferies Financial Group assumed coverage on Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective for the company. Scotiabank cut their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Mizuho lowered their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Finally, StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $126.75.

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.