Camden Property Trust (NYSE:CPT) CAO Michael P. Gallagher Sells 135 Shares

Camden Property Trust (NYSE:CPT) CAO Michael P. Gallagher sold 135 shares of Camden Property Trust stock in a transaction on Monday, March 10th. The shares were sold at an average price of $122.18, for a total transaction of $16,494.30. Following the completion of the transaction, the chief accounting officer now directly owns 39,596 shares in the company, valued at $4,837,839.28. The trade was a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $120.48 on Wednesday. The firm has a market capitalization of $12.86 billion, a P/E ratio of 80.32, a PEG ratio of 4.41 and a beta of 0.94. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69. The company’s fifty day moving average is $116.54 and its two-hundred day moving average is $119.56. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.49%. Camden Property Trust’s payout ratio is currently 280.00%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial lifted their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a report on Monday. Evercore ISI boosted their price objective on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Barclays boosted their price objective on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Finally, Scotiabank boosted their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $127.19.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors and hedge funds have recently made changes to their positions in CPT. Norges Bank purchased a new position in Camden Property Trust in the 4th quarter valued at about $187,606,000. Wellington Management Group LLP lifted its holdings in 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 purchasing an additional 918,078 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Camden Property Trust by 508.9% in 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 in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Camden Property Trust by 97.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after purchasing an additional 630,768 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Camden Property Trust by 17.3% in the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock valued at $344,432,000 after purchasing an additional 438,685 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

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.