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 the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the transaction, the director now owns 10,537 shares of the company’s stock, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Camden Property Trust Stock Up 0.7 %

CPT stock opened at $111.05 on Thursday. Camden Property Trust has a twelve month low of $90.50 and a twelve month 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 company has a market cap 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. The business’s 50-day simple moving average is $119.22 and its 200 day simple moving average is $118.52.

Camden Property Trust Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 target price for the company. Evercore ISI raised their price objective on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. BNP Paribas initiated coverage on Camden Property Trust in a research report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price target on the stock. Finally, Mizuho cut their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $126.75.

Institutional Trading of Camden Property Trust

Several institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in Camden Property Trust by 86.9% during the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after buying an additional 918,078 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Camden Property Trust by 508.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock worth $116,911,000 after purchasing an additional 790,974 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Camden Property Trust by 97.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after purchasing an additional 630,768 shares during the last quarter. Duquesne Family Office LLC bought a new stake in shares of Camden Property Trust during the second quarter worth approximately $63,056,000. Finally, Heitman Real Estate Securities LLC grew its holdings in Camden Property Trust by 3,155.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock worth $55,501,000 after acquiring an additional 435,495 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

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.