Heather J. Brunner Sells 1,853 Shares of Camden Property Trust (NYSE:CPT) Stock

Camden Property Trust (NYSE:CPT) Director Heather J. Brunner sold 1,853 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the transaction, the director now owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. This represents a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $111.05 on Friday. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a 50 day simple moving average of $119.10 and a 200-day simple moving average of $118.47. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be given a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.71%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Hedge Funds Weigh In On Camden Property Trust

Large investors have recently modified their holdings of the business. SMART Wealth LLC acquired a new position in Camden Property Trust in the third quarter valued at about $829,000. Nordea Investment Management AB lifted its holdings in shares of Camden Property Trust by 15.0% in the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after acquiring an additional 12,805 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Camden Property Trust during the 3rd quarter worth approximately $1,660,000. Franklin Resources Inc. increased its holdings in Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after purchasing an additional 5,985 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock valued at $66,563,000 after purchasing an additional 51,097 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective for the company. Mizuho reduced their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday. Evercore ISI raised their price objective on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. JPMorgan Chase & Co. downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Finally, StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.