Camden Property Trust (NYSE:CPT) CFO Sells $204,931.72 in Stock

Camden Property Trust (NYSE:CPT) CFO Alexander J. Jessett sold 1,862 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $204,931.72. Following the transaction, the chief financial officer now directly owns 122,384 shares in the company, valued at $13,469,583.04. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Camden Property Trust Stock Up 0.7 %

Shares of NYSE:CPT traded up $0.74 during trading on Wednesday, reaching $111.05. 882,139 shares of the company traded hands, compared to its average volume of 879,288. The firm has a fifty day simple moving average of $119.22 and a 200 day simple moving average of $118.52. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The firm has a market cap of $11.85 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94.

Camden Property Trust Announces Dividend

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

Institutional Investors Weigh In On Camden Property Trust

Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. acquired a new position in Camden Property Trust in the second quarter worth approximately $33,000. Neo Ivy Capital Management acquired a new position in shares of Camden Property Trust during the 3rd quarter worth $38,000. American Capital Advisory LLC increased its holdings in shares of Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 128 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Camden Property Trust in the third quarter worth $62,000. Finally, Versant Capital Management Inc raised its holdings in Camden Property Trust by 77.7% in the 4th quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 313 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPT has been the topic of several research analyst reports. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and raised their target price for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. Scotiabank dropped their target price 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. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Barclays began coverage on Camden Property Trust in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $126.75.

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.