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

Camden Property Trust (NYSE:CPT) Director Heather J. Brunner sold 264 shares of Camden Property Trust 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 transaction, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Camden Property Trust Stock Up 0.7 %

Shares of CPT opened at $111.05 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market capitalization of $11.85 billion, a PE ratio of 35.14, a P/E/G ratio of 4.40 and a beta of 0.94. The company’s 50-day simple moving average is $119.22 and its 200-day simple moving average is $118.52. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69.

Camden Property Trust Announces Dividend

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 given a $1.03 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.71%. Camden Property Trust’s dividend payout ratio is presently 130.38%.

Institutional Trading of Camden Property Trust

Several hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. acquired a new position in Camden Property Trust during the 2nd quarter worth $33,000. Neo Ivy Capital Management acquired a new position in shares of Camden Property Trust during the third quarter worth about $38,000. American Capital Advisory LLC increased its stake in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 128 shares during the period. Sentry Investment Management LLC acquired a new stake in Camden Property Trust in the third quarter valued at approximately $62,000. Finally, Versant Capital Management Inc lifted its stake in Camden Property Trust by 77.7% in the fourth quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 313 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CPT. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a report on Friday, October 11th. They set a “hold” rating and a $123.00 price target for the company. Royal Bank of Canada decreased their price objective on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. Finally, Mizuho cut their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.