Camden Property Trust (NYSE:CPT) Director Heather J. Brunner Sells 1,853 Shares

Camden Property Trust (NYSE:CPT) Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the sale, the director now directly owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Camden Property Trust Trading Up 0.7 %

Shares of Camden Property Trust stock opened at $111.05 on Thursday. 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 simple moving average is $119.22 and its 200-day simple moving average is $118.52. The stock has a market cap of $11.85 billion, a P/E ratio of 35.14, a P/E/G ratio of 4.40 and a beta of 0.94. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s payout ratio is currently 130.38%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SMART Wealth LLC acquired a new stake in shares of Camden Property Trust during the 3rd quarter worth approximately $829,000. QRG Capital Management Inc. acquired a new position in Camden Property Trust during the 3rd quarter worth about $1,660,000. Franklin Resources Inc. boosted its holdings in Camden Property Trust by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after acquiring an additional 5,985 shares during the period. Principal Financial Group Inc. increased its stake in Camden Property Trust by 10.5% during the third 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. Finally, Stoneridge Investment Partners LLC purchased a new stake in Camden Property Trust during the 3rd quarter worth approximately $2,913,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and upped their price target for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Royal Bank of Canada lowered their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. Barclays began coverage on shares of Camden Property Trust in a report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 price target on the stock. Evercore ISI increased their price objective on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, BNP Paribas assumed coverage on Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 target price on the stock. 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 stock. Based on data from MarketBeat, the company 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.