Camden Property Trust (NYSE:CPT) CFO Alexander J. Jessett Sells 13,067 Shares of Stock

Camden Property Trust (NYSE:CPT) CFO Alexander J. Jessett sold 13,067 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the completion of the sale, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. This represents a 9.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $111.05 on Thursday. 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. The business’s 50 day moving average is $119.22 and its 200-day moving average is $118.52. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

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 given a $1.03 dividend. The ex-dividend date 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 payout ratio is presently 130.38%.

Wall Street Analyst Weigh In

CPT has been the topic of several analyst reports. Barclays started coverage on shares of 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. Scotiabank reduced their price target on 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. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. 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 research note on Monday. Finally, Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and raised their target price for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. Two investment 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $126.75.

Hedge Funds Weigh In On Camden Property Trust

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

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.