Camden Property Trust (NYSE:CPT) CEO Richard J. Campo Sells 1,043 Shares

Camden Property Trust (NYSE:CPT) CEO Richard J. Campo sold 1,043 shares of Camden Property Trust stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $114,792.58. Following the completion of the sale, the chief executive officer now owns 299,092 shares in the company, valued at $32,918,065.52. This represents a 0.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Camden Property Trust Stock Up 0.7 %

Camden Property Trust stock opened at $111.05 on Friday. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 35.14, a PEG 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 stock has a 50 day moving average of $119.10 and a two-hundred day moving average of $118.47. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69.

Camden Property Trust Announces Dividend

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 paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of 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. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective on the stock. Barclays began 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 objective for the company. Scotiabank cut their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Finally, Mizuho lowered their price target on 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 issued a hold rating and five have assigned 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

A number of large investors have recently added to or reduced their stakes in CPT. SMART Wealth LLC acquired a new stake in Camden Property Trust in the 3rd quarter worth about $829,000. Nordea Investment Management AB raised its position in shares of Camden Property Trust by 15.0% in the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after buying an additional 12,805 shares during the period. QRG Capital Management Inc. purchased a new stake in Camden Property Trust during the third quarter valued at about $1,660,000. Franklin Resources Inc. raised its holdings in shares of 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 worth $23,174,000 after purchasing an additional 5,985 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Camden Property Trust by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock worth $66,563,000 after purchasing an additional 51,097 shares during the period. 97.22% of the stock is 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.