Camden Property Trust (NYSE:CPT) Director Heather J. Brunner Sells 264 Shares

Camden Property Trust (NYSE:CPT) Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the sale, the director now owns 10,273 shares of the company’s stock, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Camden Property Trust Stock Down 1.5 %

CPT opened at $109.36 on Friday. The company has a market capitalization of $11.67 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94. The business has a 50-day moving average of $119.00 and a 200-day moving average of $118.42. 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 debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15.

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 paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

Analyst Upgrades and Downgrades

CPT has been the subject of several research analyst reports. Jefferies Financial Group started coverage on Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective for the company. Evercore ISI lifted 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. Scotiabank reduced their target price 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. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada reduced their price objective on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.75.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. State Street Corp boosted its holdings in Camden Property Trust by 0.5% in the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock worth $886,693,000 after purchasing an additional 36,528 shares in the last quarter. FMR LLC boosted its stake in shares of Camden Property Trust by 14.5% during the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after acquiring an additional 416,701 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Camden Property Trust by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock valued at $337,394,000 after acquiring an additional 20,097 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Camden Property Trust by 86.9% in the 3rd 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 acquiring an additional 918,078 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Camden Property Trust by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock worth $174,299,000 after purchasing an additional 54,475 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

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.