Insider Selling: Camden Property Trust (NYSE:CPT) CEO Sells 7,324 Shares of Stock

Camden Property Trust (NYSE:CPT) CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the sale, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Camden Property Trust Price Performance

Shares of CPT stock opened at $111.05 on Friday. 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. The firm has a fifty day moving average of $119.10 and a two-hundred day moving average of $118.47. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Camden Property Trust Announces Dividend

The company 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. This represents a $4.12 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Institutional Trading of Camden Property Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its position in shares of Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after purchasing an additional 918,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Camden Property Trust by 508.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock worth $116,911,000 after buying an additional 790,974 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Camden Property Trust by 97.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after acquiring an additional 630,768 shares during the last quarter. Duquesne Family Office LLC acquired a new stake in Camden Property Trust during the second quarter valued at approximately $63,056,000. Finally, Heitman Real Estate Securities LLC lifted its position in shares of Camden Property Trust by 3,155.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock valued at $55,501,000 after acquiring an additional 435,495 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on CPT shares. Jefferies Financial Group started coverage on Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 target price on the stock. 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 for the company. Scotiabank dropped their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Evercore ISI upped their price objective on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. 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 research 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.