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 on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the sale, the chief executive officer now owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Camden Property Trust Price Performance

NYSE CPT traded up $0.74 during trading hours on Wednesday, reaching $111.05. The company’s stock had a trading volume of 882,139 shares, compared to its average volume of 879,288. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The company 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 firm’s 50-day moving average price is $119.22 and its 200-day moving average price is $118.52.

Camden Property Trust Dividend Announcement

The business 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 is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.71%. Camden Property Trust’s dividend payout ratio is 130.38%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and upped their price objective for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. Royal Bank of Canada reduced their price target on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. BNP Paribas initiated coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price objective on the stock. Scotiabank cut their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Finally, Barclays assumed coverage on shares of Camden Property Trust in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $126.75.

Hedge Funds Weigh In On Camden Property Trust

Several institutional investors have recently bought and sold shares of the stock. Verdence Capital Advisors LLC boosted its holdings in shares of Camden Property Trust by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 113 shares during the last quarter. Doliver Advisors LP lifted its position in shares of Camden Property Trust by 6.7% in the fourth 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 in the last quarter. American Capital Advisory LLC boosted its stake in Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 128 shares during the last quarter. ProShare Advisors LLC grew its holdings in Camden Property Trust by 0.5% during the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after buying an additional 146 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in Camden Property Trust by 1.6% in the 3rd quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust’s stock worth $1,148,000 after acquiring an additional 147 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

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.