Heather J. Brunner Sells 264 Shares of Camden Property Trust (NYSE:CPT) Stock

Camden Property Trust (NYSE:CPT) Director Heather J. Brunner sold 264 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, the director now directly owns 10,273 shares of the company’s stock, valued at $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Camden Property Trust Trading Up 0.7 %

NYSE:CPT opened at $111.05 on Friday. Camden Property Trust has a 52-week low of $90.50 and a 52-week 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 stock has a fifty day simple moving average of $119.10 and a 200-day simple moving average of $118.47. The company has a market capitalization of $11.85 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be given 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 is Wednesday, December 18th. Camden Property Trust’s payout ratio is currently 130.38%.

Institutional Trading of Camden Property Trust

Several large investors have recently modified their holdings of the business. Diversified Trust Co acquired a new position in shares of Camden Property Trust during the 4th quarter worth approximately $1,093,000. Doliver Advisors LP raised its holdings 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 acquiring an additional 113 shares during the last quarter. Pensionfund Sabic raised its holdings in shares of Camden Property Trust by 15.6% in the fourth quarter. Pensionfund Sabic now owns 22,231 shares of the real estate investment trust’s stock worth $2,580,000 after acquiring an additional 3,000 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock valued at $11,339,000 after acquiring an additional 12,805 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in Camden Property Trust during the 4th quarter worth about $289,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research report on Monday, November 4th. Stifel Nicolaus downgraded 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 price target 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. Evercore ISI lifted 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, Barclays assumed coverage on Camden Property Trust in a research note on Tuesday, December 17th. They set an “overweight” rating and a $138.00 target price for the company. 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. Based on data from MarketBeat, the company currently 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.