Camden Property Trust (NYSE:CPT) Director Sells $29,055.84 in Stock

Camden Property Trust (NYSE:CPT) Director Heather J. Brunner sold 264 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the sale, the director now directly owns 10,273 shares of the company’s stock, valued at $1,130,646.38. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Camden Property Trust Trading Down 1.5 %

NYSE:CPT opened at $109.36 on Friday. The firm has a market capitalization of $11.67 billion, a P/E ratio of 34.61, a P/E/G ratio of 4.40 and a beta of 0.94. The business has a 50 day simple moving average of $119.00 and a 200 day simple moving average of $118.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a 12-month low of $90.50 and a 12-month high of $127.69.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders 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 annualized dividend and a dividend yield of 3.77%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Institutional Trading of Camden Property Trust

Hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust in the second quarter valued at approximately $33,000. Neo Ivy Capital Management bought a new stake in Camden Property Trust during the 3rd quarter valued at $38,000. American Capital Advisory LLC boosted its position in Camden Property Trust by 42.7% during the 3rd 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 during the period. Sentry Investment Management LLC bought a new position in shares of Camden Property Trust in the third quarter worth $62,000. Finally, Versant Capital Management Inc increased its holdings in shares of Camden Property Trust by 77.7% during the fourth quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 313 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Stifel Nicolaus lowered Camden Property Trust from a “buy” rating to a “hold” rating and raised their price objective for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. Mizuho reduced their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group assumed coverage on Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 price target for the company. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, 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 for the company in a research note on Monday, November 4th. Two research 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. Based on data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and an average price target of $126.75.

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.