Insider Selling: Camden Property Trust (NYSE:CPT) Director Sells 264 Shares of Stock

Camden Property Trust (NYSE:CPT) Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Camden Property Trust Trading Up 0.7 %

CPT stock traded up $0.74 during trading on Wednesday, hitting $111.05. The company had a trading volume of 882,139 shares, compared to its average volume of 879,288. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69. The business has a 50-day moving average of $119.22 and a 200-day moving average of $118.52. The stock has a market cap of $11.85 billion, a PE ratio of 35.14, a PEG 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. Investors of record on Wednesday, December 18th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio is presently 130.38%.

Institutional Trading of Camden Property Trust

A number of large investors have recently bought and sold shares of the business. SMART Wealth LLC acquired a new stake in Camden Property Trust during the third quarter worth approximately $829,000. QRG Capital Management Inc. bought a new stake in shares of Camden Property Trust in the 3rd quarter valued at $1,660,000. Franklin Resources Inc. boosted its stake 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 worth $23,174,000 after acquiring an additional 5,985 shares in the last quarter. Principal Financial Group Inc. grew its holdings in 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 worth $66,563,000 after purchasing an additional 51,097 shares during the period. Finally, Stoneridge Investment Partners LLC bought a new stake in Camden Property Trust in the third quarter valued at $2,913,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on CPT shares. Scotiabank decreased their price objective 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. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. BNP Paribas initiated coverage on Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price objective on the stock. Finally, Royal Bank of Canada reduced their target price on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.