Alexander J. Jessett Sells 1,862 Shares of Camden Property Trust (NYSE:CPT) Stock

Camden Property Trust (NYSE:CPT) CFO Alexander J. Jessett sold 1,862 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $204,931.72. Following the completion of the transaction, the chief financial officer now owns 122,384 shares in the company, valued at $13,469,583.04. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $111.05 on Friday. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The company has a market cap of $11.85 billion, a PE ratio of 35.14, a P/E/G ratio of 4.40 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The business has a 50-day simple moving average of $119.10 and a two-hundred day simple moving average of $118.47.

Camden Property Trust Dividend Announcement

The business 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 dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.71%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio is presently 130.38%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in shares of Camden Property Trust by 86.9% during the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after buying an additional 918,078 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Camden Property Trust by 508.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after purchasing an additional 790,974 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Camden Property Trust by 97.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock worth $158,028,000 after purchasing an additional 630,768 shares during the last quarter. Duquesne Family Office LLC purchased a new position in shares of Camden Property Trust in the second quarter worth about $63,056,000. Finally, Heitman Real Estate Securities LLC lifted its holdings in shares of Camden Property Trust by 3,155.8% during the third quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock worth $55,501,000 after purchasing an additional 435,495 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Barclays initiated coverage on Camden Property Trust in a report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 price objective for the company. Royal Bank of Canada dropped their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. Scotiabank reduced their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Finally, Evercore ISI boosted their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.