Camden Property Trust (NYSE:CPT) CAO Michael P. Gallagher Sells 135 Shares

Camden Property Trust (NYSE:CPT) CAO Michael P. Gallagher sold 135 shares of Camden Property Trust stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $122.18, for a total value of $16,494.30. Following the completion of the transaction, the chief accounting officer now owns 39,596 shares of the company’s stock, valued at approximately $4,837,839.28. This trade represents a 0.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Camden Property Trust Stock Down 1.3 %

NYSE CPT traded down $1.55 during midday trading on Tuesday, hitting $120.48. 829,275 shares of the company traded hands, compared to its average volume of 867,818. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69. The company’s 50-day simple moving average is $116.54 and its 200-day simple moving average is $119.56. The company has a market cap of $12.86 billion, a PE ratio of 80.32, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, equities research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.49%. Camden Property Trust’s dividend payout ratio is presently 280.00%.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPT. SMART Wealth LLC acquired a new stake in shares of Camden Property Trust during the third quarter worth $829,000. Nordea Investment Management AB lifted its holdings in Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock valued at $11,339,000 after purchasing an additional 12,805 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Camden Property Trust by 3.2% during the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after purchasing an additional 5,985 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock valued at $66,563,000 after purchasing an additional 51,097 shares during the period. Finally, Atomi Financial Group Inc. increased its stake in shares of Camden Property Trust by 7.7% during the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 166 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of analyst reports. Barclays raised their price target on Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Royal Bank of Canada lifted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. Mizuho decreased their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company decreased their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, Jefferies Financial Group upgraded Camden Property Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $117.00 to $139.00 in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $127.19.

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.