Camden Property Trust (NYSE:CPT) Director Heather J. Brunner Sells 1,853 Shares

Camden Property Trust (NYSE:CPT) Director Heather J. Brunner sold 1,853 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the transaction, the director now owns 10,537 shares in the company, valued at approximately $1,206,486.50. This represents a 14.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Camden Property Trust Stock Down 1.5 %

Shares of CPT stock opened at $109.36 on Friday. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. The stock has a market cap of $11.67 billion, a P/E ratio of 34.61, a P/E/G ratio of 4.40 and a beta of 0.94. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a 50 day simple moving average of $119.00 and a two-hundred day simple moving average of $118.42.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be issued a dividend of $1.03 per share. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.77%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Scotiabank dropped their target price on shares of 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. Barclays assumed coverage on shares of Camden Property Trust in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 target price on the stock. Mizuho dropped 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, January 6th. Finally, Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a report on Friday, October 11th. They set a “hold” rating and a $123.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and a consensus price target of $126.75.

Institutional Trading of Camden Property Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its stake in shares of Camden Property Trust by 5.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,691 shares of the real estate investment trust’s stock worth $428,000 after purchasing an additional 198 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Camden Property Trust in the fourth quarter worth $1,093,000. Doliver Advisors LP increased its stake in shares of Camden Property Trust by 6.7% in the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 113 shares in the last quarter. Pensionfund Sabic increased its stake in shares of Camden Property Trust by 15.6% in the fourth quarter. Pensionfund Sabic now owns 22,231 shares of the real estate investment trust’s stock worth $2,580,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Camden Property Trust by 15.0% in the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after purchasing an additional 12,805 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

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.