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

Camden Property Trust (NYSE:CPT) CEO Richard J. Campo sold 1,043 shares of the 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 owns 299,092 shares of the company’s stock, valued at approximately $32,918,065.52. This trade represents a 0.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Camden Property Trust Stock Performance

Camden Property Trust stock traded up $0.74 during midday trading on Wednesday, reaching $111.05. 882,139 shares of the company traded hands, compared to its average volume of 879,288. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. 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 business has a 50 day moving average of $119.22 and a two-hundred day moving average of $118.52. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94.

Camden Property Trust Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CPT shares. Mizuho cut 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 research note on Monday. Jefferies Financial Group initiated coverage on Camden Property Trust in a report on Friday, October 11th. They set a “hold” rating and a $123.00 target price on the stock. Barclays began coverage on Camden Property Trust in a research report on Tuesday, December 17th. They set an “overweight” rating and a $138.00 price target on the stock. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Finally, StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and a consensus price target of $126.75.

Hedge Funds Weigh In On Camden Property Trust

Institutional investors have recently made changes to their positions in the business. State Street Corp raised its position in Camden Property Trust by 0.5% in 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 during the period. FMR LLC raised its holdings in Camden Property Trust by 14.5% in the 3rd 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 period. Geode Capital Management LLC lifted its position 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 valued at $337,394,000 after purchasing an additional 20,097 shares in the last quarter. Wellington Management Group LLP grew its holdings 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 valued at $243,952,000 after purchasing an additional 918,078 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Camden Property Trust by 3.5% in 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 buying an additional 54,475 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

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.