Alexander J. Jessett Sells 13,067 Shares of Camden Property Trust (NYSE:CPT) Stock

Camden Property Trust (NYSE:CPT) CFO Alexander J. Jessett sold 13,067 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the transaction, the chief financial officer now directly owns 124,246 shares of the company’s stock, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Camden Property Trust Trading Up 0.7 %

Shares of CPT stock opened at $111.05 on Thursday. The company has a market cap of $11.85 billion, a P/E ratio of 35.14, a PEG ratio of 4.40 and a beta of 0.94. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The stock has a 50 day simple moving average of $119.22 and a two-hundred day simple moving average of $118.52. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given 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 dividend yield of 3.71%. Camden Property Trust’s payout ratio is presently 130.38%.

Institutional Investors Weigh In On Camden Property Trust

Large investors have recently bought and sold shares of the stock. Verdence Capital Advisors LLC boosted its position in shares of Camden Property Trust by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 113 shares in the last quarter. Doliver Advisors LP raised its stake in Camden Property Trust by 6.7% during the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 113 shares during the period. American Capital Advisory LLC boosted its holdings in Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 128 shares in the last quarter. ProShare Advisors LLC grew its stake in Camden Property Trust by 0.5% in the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after acquiring an additional 146 shares during the period. Finally, MML Investors Services LLC increased its holdings in shares of Camden Property Trust by 1.6% during the third quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust’s stock valued at $1,148,000 after acquiring an additional 147 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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