Camden Property Trust (CPT) COO Sells $2,605,634.16 in Stock

Camden Property Trust (NYSE:CPT) COO H Malcolm Stewart sold 27,474 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $94.84, for a total transaction of $2,605,634.16. Following the completion of the transaction, the chief operating officer now directly owns 172,227 shares in the company, valued at approximately $16,334,008.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NYSE:CPT traded up $1.59 during mid-day trading on Thursday, reaching $94.36. The company had a trading volume of 932,000 shares, compared to its average volume of 555,843. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $8.64 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 2.95 and a beta of 0.36. Camden Property Trust has a one year low of $78.19 and a one year high of $95.67.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.79). The company had revenue of $241.77 million during the quarter, compared to the consensus estimate of $238.79 million. Camden Property Trust had a return on equity of 5.94% and a net margin of 21.81%. Research analysts predict that Camden Property Trust will post 4.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Investors of record on Monday, December 17th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.26%. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.99%.

Several large investors have recently bought and sold shares of CPT. William Blair Investment Management LLC grew its stake in Camden Property Trust by 6.8% in the 3rd quarter. William Blair Investment Management LLC now owns 9,370 shares of the real estate investment trust’s stock valued at $877,000 after buying an additional 594 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Camden Property Trust by 5.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 11,295 shares of the real estate investment trust’s stock valued at $1,029,000 after buying an additional 630 shares in the last quarter. Neuburgh Advisers LLC grew its stake in Camden Property Trust by 7.9% in the 2nd quarter. Neuburgh Advisers LLC now owns 9,020 shares of the real estate investment trust’s stock valued at $822,000 after buying an additional 660 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Camden Property Trust by 5.2% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 13,768 shares of the real estate investment trust’s stock valued at $1,255,000 after buying an additional 676 shares in the last quarter. Finally, Riverhead Capital Management LLC grew its stake in Camden Property Trust by 7.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,203 shares of the real estate investment trust’s stock valued at $930,000 after buying an additional 700 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on CPT. SunTrust Banks raised their price target on shares of Camden Property Trust to $95.00 and gave the company an “average” rating in a research report on Tuesday, August 14th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Citigroup raised their price target on shares of Camden Property Trust from $91.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. Royal Bank of Canada raised their price target on shares of Camden Property Trust to $97.00 and gave the company an “outperform” rating in a research report on Tuesday, August 14th. Finally, Capital One Financial began coverage on shares of Camden Property Trust in a research report on Monday, October 22nd. They issued an “equal weight” rating and a $96.00 price target on the stock. Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $95.29.

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Camden Property Trust Company Profile

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 159 properties containing 54,480 apartment homes across the United States.

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Insider Buying and Selling by Quarter for Camden Property Trust (NYSE:CPT)

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