Camden Property Trust (NYSE:CPT) Director Sells $142,512.00 in Stock

Camden Property Trust (NYSE:CPT) Director Steven A. Webster sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the transaction, the director now owns 117,374 shares in the company, valued at $13,939,336.24. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Camden Property Trust Trading Down 0.2%

NYSE CPT opened at $118.85 on Wednesday. The business’s fifty day moving average is $116.07 and its 200-day moving average is $117.45. Camden Property Trust has a one year low of $98.35 and a one year high of $127.69. The stock has a market capitalization of $12.70 billion, a price-to-earnings ratio of 79.23, a PEG ratio of 4.41 and a beta of 0.79. 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 announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.04. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The business had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. During the same period in the prior year, the company earned $1.70 earnings per share. Camden Property Trust’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Hedge Funds Weigh In On Camden Property Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 98 shares during the period. National Pension Service bought a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $26,000. Quent Capital LLC raised its position in shares of Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 114 shares during the period. IAG Wealth Partners LLC bought a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $29,000. Finally, Bellwether Advisors LLC bought a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $31,000. 97.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CPT. Wells Fargo & Company dropped their target price on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada raised their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Barclays upped their price objective on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Truist Financial upped their price objective on shares of Camden Property Trust from $129.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Citigroup raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $129.94.

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.