Camden Property Trust (NYSE:CPT) CFO Sells $204,931.72 in Stock

Camden Property Trust (NYSE:CPT) CFO Alexander J. Jessett sold 1,862 shares of Camden Property Trust stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $204,931.72. Following the transaction, the chief financial officer now directly owns 122,384 shares of the company’s stock, valued at approximately $13,469,583.04. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $109.36 on Friday. The firm has a 50-day simple moving average of $119.00 and a 200-day simple moving average of $118.42. The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

Institutional Investors Weigh In On Camden Property Trust

A number of hedge funds have recently modified their holdings of CPT. Ashton Thomas Private Wealth LLC raised its position in shares of Camden Property Trust by 29.2% in the second quarter. Ashton Thomas Private Wealth LLC now owns 6,363 shares of the real estate investment trust’s stock valued at $694,000 after buying an additional 1,438 shares during the last quarter. Andra AP fonden grew its holdings in shares of Camden Property Trust by 11.9% in the second quarter. Andra AP fonden now owns 115,700 shares of the real estate investment trust’s stock valued at $12,624,000 after purchasing an additional 12,300 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Camden Property Trust in the second quarter valued at about $117,000. Ground Swell Capital LLC purchased a new stake in shares of Camden Property Trust in the second quarter valued at about $305,000. Finally, American Century Companies Inc. grew its holdings in shares of Camden Property Trust by 690.1% in the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock valued at $27,117,000 after purchasing an additional 217,076 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPT has been the subject of several recent research reports. Royal Bank of Canada cut 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 report on Monday, November 4th. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and lifted their target price for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Mizuho cut their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. 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 report on Thursday, November 14th. Finally, Evercore ISI lifted their target price on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Two 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. Based on data from MarketBeat, the company currently has an average 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.