Camden Property Trust (NYSE:CPT) CFO Alexander J. Jessett Sells 1,862 Shares of Stock

Camden Property Trust (NYSE:CPT) CFO Alexander J. Jessett sold 1,862 shares of Camden Property Trust stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $204,931.72. Following the transaction, the chief financial officer now owns 122,384 shares of the company’s stock, valued at approximately $13,469,583.04. The trade was a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Camden Property Trust Trading Up 0.7 %

Shares of CPT stock opened at $111.05 on Thursday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The stock has a 50-day simple moving average of $119.22 and a 200 day simple moving average of $118.52. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The stock has a market capitalization of $11.85 billion, a P/E ratio of 35.14, a P/E/G ratio of 4.40 and a beta of 0.94.

Camden Property Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on CPT. Royal Bank of Canada lowered their target price on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. Evercore ISI boosted their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. BNP Paribas initiated coverage on Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price target on the stock. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and lifted their price target for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $126.75.

Institutional Investors Weigh In On Camden Property Trust

Large investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC increased its position in shares of Camden Property Trust by 29.2% in the second quarter. Ashton Thomas Private Wealth LLC now owns 6,363 shares of the real estate investment trust’s stock worth $694,000 after acquiring an additional 1,438 shares in the last quarter. Andra AP fonden boosted its holdings in Camden Property Trust by 11.9% in the 2nd quarter. Andra AP fonden now owns 115,700 shares of the real estate investment trust’s stock valued at $12,624,000 after purchasing an additional 12,300 shares during the period. Headlands Technologies LLC bought a new stake in shares of Camden Property Trust in the 2nd quarter valued at approximately $117,000. Ground Swell Capital LLC acquired a new position in Camden Property Trust during the second quarter worth $305,000. Finally, American Century Companies Inc. boosted its position in Camden Property Trust by 690.1% in the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock valued at $27,117,000 after buying an additional 217,076 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

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.