Camden Property Trust (NYSE:CPT) EVP William W. Sengelmann sold 4,478 shares of Camden Property Trust stock in a transaction on Friday, January 5th. The shares were sold at an average price of $88.42, for a total value of $395,944.76. Following the sale, the executive vice president now directly owns 66,567 shares of the company’s stock, valued at approximately $5,885,854.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Camden Property Trust (CPT) opened at $86.61 on Thursday. Camden Property Trust has a 52 week low of $78.38 and a 52 week high of $96.39. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $8,030.00, a PE ratio of 52.81, a PEG ratio of 3.42 and a beta of 0.42.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.03). Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The company had revenue of $228.18 million during the quarter, compared to the consensus estimate of $226.41 million. During the same period last year, the firm posted $1.13 EPS. The company’s revenue was up 3.6% on a year-over-year basis. analysts expect that Camden Property Trust will post 4.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 15th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Thursday, December 14th. Camden Property Trust’s dividend payout ratio (DPR) is presently 182.93%.

A number of large investors have recently made changes to their positions in CPT. Cohen & Steers Inc. purchased a new position in Camden Property Trust during the 3rd quarter valued at about $193,833,000. Bank of New York Mellon Corp increased its holdings in Camden Property Trust by 93.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,365,047 shares of the real estate investment trust’s stock valued at $216,282,000 after purchasing an additional 1,144,162 shares during the period. JPMorgan Chase & Co. increased its holdings in Camden Property Trust by 27.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,636,486 shares of the real estate investment trust’s stock valued at $332,848,000 after purchasing an additional 778,543 shares during the period. American Century Companies Inc. purchased a new position in Camden Property Trust during the 3rd quarter valued at about $65,671,000. Finally, Barings LLC purchased a new position in Camden Property Trust during the 3rd quarter valued at about $51,308,000. Institutional investors own 96.86% of the company’s stock.

Several equities research analysts recently issued reports on CPT shares. SunTrust Banks reissued a “hold” rating and set a $93.00 price objective on shares of Camden Property Trust in a research note on Wednesday, October 4th. KeyCorp lifted their price target on Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, September 15th. Mizuho reaffirmed a “hold” rating and set a $94.00 price target on shares of Camden Property Trust in a research note on Monday, November 6th. UBS Group reaffirmed a “sell” rating and set a $86.00 price target (up previously from $80.00) on shares of Camden Property Trust in a research note on Thursday, September 14th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $97.00 target price on shares of Camden Property Trust in a research note on Monday, November 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Camden Property Trust presently has an average rating of “Hold” and an average target price of $93.67.

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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.

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

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