Camden Property Trust (CPT) COO Sells $1,002,866.50 in Stock
Camden Property Trust (NYSE:CPT) COO H Malcolm Stewart sold 11,174 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.75, for a total value of $1,002,866.50. Following the completion of the sale, the chief operating officer now owns 253,456 shares in the company, valued at approximately $22,747,676. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Camden Property Trust (CPT) traded up 0.32% on Wednesday, hitting $90.35. The stock had a trading volume of 516,337 shares. Camden Property Trust has a one year low of $75.36 and a one year high of $90.83. The stock has a market cap of $7.92 billion, a P/E ratio of 20.21 and a beta of 0.37. The company’s 50-day moving average is $87.42 and its 200-day moving average is $83.76.
Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $222.40 million during the quarter, compared to the consensus estimate of $222.44 million. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The company’s revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned $1.15 earnings per share. On average, analysts anticipate that Camden Property Trust will post $1.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.00 annualized dividend and a dividend yield of 3.32%. Camden Property Trust’s dividend payout ratio is presently 67.11%.
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Several research firms recently issued reports on CPT. KeyCorp upgraded Camden Property Trust from a “sector weight” rating to an “overweight” rating and set a $93.00 price objective on the stock in a report on Tuesday, June 13th. They noted that the move was a valuation call. Royal Bank Of Canada boosted their target price on Camden Property Trust from $91.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday. BidaskClub raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Evercore ISI boosted their target price on Camden Property Trust from $87.00 to $88.00 and gave the stock an “in-line” rating in a research note on Wednesday, April 19th. Finally, Barclays PLC reissued an “equal weight” rating and set a $85.00 target price (up from $84.00) on shares of Camden Property Trust in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $88.38.
Several hedge funds have recently made changes to their positions in CPT. Perigon Wealth Management LLC acquired a new stake in shares of Camden Property Trust during the first quarter valued at $110,000. Assetmark Inc. increased its stake in shares of Camden Property Trust by 478.5% in the first quarter. Assetmark Inc. now owns 1,695 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 1,402 shares in the last quarter. Founders Capital Management acquired a new stake in shares of Camden Property Trust during the first quarter valued at $140,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Camden Property Trust by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,333 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 120 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Camden Property Trust during the second quarter valued at $201,000. Institutional investors own 95.27% of the company’s stock.
Camden Property Trust Company Profile
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.
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