Camden Property Trust (NYSE:CPT) CFO Sells $1,496,171.50 in 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 value of $1,496,171.50. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Camden Property Trust Price Performance

CPT stock opened at $111.05 on Friday. The firm’s fifty day moving average is $119.10 and its 200 day moving average is $118.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69. The firm has a market cap 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 Announces Dividend

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

Institutional Trading of Camden Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust in the second quarter valued at about $33,000. Neo Ivy Capital Management bought a new stake in shares of Camden Property Trust during the 3rd quarter valued at about $38,000. American Capital Advisory LLC lifted its holdings in Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 128 shares during the period. Sentry Investment Management LLC purchased a new position in shares of Camden Property Trust during the 3rd quarter worth approximately $62,000. Finally, Versant Capital Management Inc grew its stake in Camden Property Trust by 77.7% in the fourth quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 313 shares during the period. Institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on CPT shares. Evercore ISI lifted their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and increased their target price for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Scotiabank dropped their price objective on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada cut their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. Finally, Mizuho reduced their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $126.75.

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.