Camden Property Trust (NYSE:CPT) CEO Richard J. Campo Sells 1,043 Shares of Stock

Camden Property Trust (NYSE:CPT) CEO Richard J. Campo sold 1,043 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 299,092 shares of the company’s stock, valued at approximately $32,918,065.52. This represents a 0.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Camden Property Trust Stock Performance

Shares of CPT opened at $111.05 on Thursday. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69. The company has a 50-day simple moving average of $119.22 and a two-hundred day simple moving average of $118.52. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a market capitalization of $11.85 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be issued a dividend of $1.03 per share. 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 payout ratio is 130.38%.

Institutional Investors Weigh In On Camden Property Trust

Several hedge funds have recently added to or reduced their stakes in the stock. SMART Wealth LLC purchased a new position in shares of Camden Property Trust in the 3rd quarter worth about $829,000. QRG Capital Management Inc. bought a new stake in Camden Property Trust during the 3rd quarter valued at about $1,660,000. Franklin Resources Inc. increased its stake in Camden Property Trust by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after purchasing an additional 5,985 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock worth $66,563,000 after buying an additional 51,097 shares during the last quarter. Finally, Stoneridge Investment Partners LLC bought a new position in shares of Camden Property Trust in the third quarter worth approximately $2,913,000. 97.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CPT has been the topic of several recent research reports. Evercore ISI increased their target price on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Barclays initiated coverage on Camden Property Trust in a report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 price objective on the stock. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Scotiabank decreased their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. 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 MarketBeat.com, the company presently 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.