Alexander J. Jessett Sells 1,862 Shares of Camden Property Trust (NYSE:CPT) Stock

Camden Property Trust (NYSE:CPT) CFO Alexander J. Jessett sold 1,862 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $204,931.72. Following the completion of the sale, the chief financial officer now owns 122,384 shares of the company’s stock, valued at $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 available through this hyperlink.

Camden Property Trust Stock Up 0.7 %

Shares of NYSE CPT opened at $111.05 on Friday. 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 12-month low of $90.50 and a 12-month high of $127.69. The firm’s 50-day moving average price is $119.10 and its 200-day moving average price is $118.47. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 4.40 and a beta of 0.94.

Camden Property Trust Announces Dividend

The business also recently disclosed 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. The ex-dividend date 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 (DPR) is presently 130.38%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and upped their price target for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Royal Bank of Canada decreased their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research note on Monday, November 4th. Evercore ISI upped their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Barclays began coverage on shares of Camden Property Trust in a research report on Tuesday, December 17th. They set an “overweight” rating and a $138.00 price objective on the stock. Finally, Scotiabank dropped 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. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $126.75.

Hedge Funds Weigh In On Camden Property Trust

A number of institutional investors and hedge funds have recently modified their holdings of CPT. SMART Wealth LLC purchased a new stake in Camden Property Trust during the 3rd quarter valued at $829,000. Nordea Investment Management AB increased its position in 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. QRG Capital Management Inc. purchased a new stake in shares of Camden Property Trust in the third quarter valued at $1,660,000. Franklin Resources Inc. lifted its holdings in shares of Camden Property Trust by 3.2% in the 3rd 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 during the last quarter. Finally, Principal Financial Group Inc. raised its position in Camden Property Trust by 10.5% in the 3rd 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. Hedge funds and other institutional investors own 97.22% of the company’s stock.

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.