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

Camden Property Trust (NYSE:CPT) CFO Alexander J. Jessett sold 1,862 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 transaction of $204,931.72. Following the sale, the chief financial officer now owns 122,384 shares of the company’s stock, valued at approximately $13,469,583.04. This represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $111.05 on Thursday. The stock has a market cap 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 has a twelve month low of $90.50 and a twelve month high of $127.69. The company’s fifty day moving average is $119.22 and its 200 day moving average is $118.52. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be issued a dividend of $1.03 per share. 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 payout ratio is 130.38%.

Wall Street Analysts Forecast Growth

CPT has been the topic of several recent research reports. Jefferies Financial Group assumed coverage on Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 price target on the stock. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Mizuho decreased 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. BNP Paribas began coverage on Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price objective on the stock. Finally, Stifel Nicolaus lowered Camden Property Trust from a “buy” rating to a “hold” rating and raised their price target for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Two 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’s stock. According to MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and a consensus price target of $126.75.

Hedge Funds Weigh In On Camden Property Trust

A number of hedge funds have recently bought and sold shares of CPT. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust during the 2nd quarter valued at about $33,000. Neo Ivy Capital Management bought a new position in Camden Property Trust in the third quarter worth approximately $38,000. American Capital Advisory LLC grew its stake 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 valued at $53,000 after acquiring an additional 128 shares during the period. Sentry Investment Management LLC acquired a new position in shares of Camden Property Trust during the third quarter worth approximately $62,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Camden Property Trust by 77.7% in the 4th quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 313 shares in the last quarter. Institutional investors 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.