Insider Selling: Camden Property Trust (NYSE:CPT) Director Sells 264 Shares of Stock

Camden Property Trust (NYSE:CPT) Director Heather J. Brunner sold 264 shares of the company’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 $29,055.84. Following the transaction, the director now directly owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Camden Property Trust Price Performance

NYSE CPT opened at $111.05 on Thursday. 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 stock’s 50-day moving average is $119.22 and its two-hundred day moving average is $118.52. The firm has a market cap of $11.85 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week 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. Stockholders of record on Wednesday, December 18th will be given 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 dividend payout ratio (DPR) is currently 130.38%.

Analyst Ratings Changes

CPT has been the topic of several recent analyst reports. Jefferies Financial Group started coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 price target on the stock. Royal Bank of Canada decreased their price target on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. BNP Paribas initiated coverage on Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price target for the company. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Mizuho dropped their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $126.75.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in Camden Property Trust by 86.9% during the 3rd 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Camden Property Trust by 508.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after acquiring an additional 790,974 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Camden Property Trust by 97.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after acquiring an additional 630,768 shares during the period. Duquesne Family Office LLC acquired a new stake in Camden Property Trust in the second quarter worth about $63,056,000. Finally, Heitman Real Estate Securities LLC raised its holdings in Camden Property Trust by 3,155.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock worth $55,501,000 after purchasing an additional 435,495 shares during the last quarter. Institutional investors and hedge funds 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.