Camden Property Trust (NYSE:CPT) CEO Richard J. Campo Sells 7,324 Shares

Camden Property Trust (NYSE:CPT) CEO Richard J. Campo sold 7,324 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 $838,598.00. Following the transaction, the chief executive officer now directly owns 300,135 shares of the company’s stock, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Camden Property Trust Stock Down 1.5 %

Shares of Camden Property Trust stock opened at $109.36 on Friday. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The stock’s 50-day moving average is $119.00 and its 200 day moving average is $118.42. The firm has a market cap of $11.67 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 4.40 and a beta of 0.94.

Camden Property Trust Announces Dividend

The firm also recently announced 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 of this dividend is Wednesday, December 18th. This represents a $4.12 annualized dividend and a dividend yield of 3.77%. Camden Property Trust’s payout ratio is 130.38%.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its position in shares of Camden Property Trust by 5.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,691 shares of the real estate investment trust’s stock valued at $428,000 after purchasing an additional 198 shares in the last quarter. Diversified Trust Co acquired a new position in Camden Property Trust during the 4th quarter worth approximately $1,093,000. Doliver Advisors LP raised its stake in Camden Property Trust by 6.7% during the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 113 shares during the period. Pensionfund Sabic raised its stake in Camden Property Trust by 15.6% during the 4th quarter. Pensionfund Sabic now owns 22,231 shares of the real estate investment trust’s stock worth $2,580,000 after buying an additional 3,000 shares during the period. Finally, Nordea Investment Management AB raised its stake in Camden Property Trust by 15.0% during 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. Institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays assumed coverage on Camden Property Trust in a report on Tuesday, December 17th. They set an “overweight” rating and a $138.00 price target for the company. Royal Bank of Canada lowered their price target on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group assumed coverage on Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average price target 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.