Camden Property Trust (NYSE:CPT) EVP William W. Sengelmann sold 4,478 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 66,567 shares in the company, valued at approximately $5,885,854.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Camden Property Trust (NYSE CPT) traded down $1.16 during trading on Tuesday, reaching $88.25. The company had a trading volume of 377,691 shares, compared to its average volume of 512,383. Camden Property Trust has a 52-week low of $78.38 and a 52-week high of $96.39. The stock has a market capitalization of $8,160.00, a P/E ratio of 53.81, a price-to-earnings-growth ratio of 3.42 and a beta of 0.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.94 and a current ratio of 1.94.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.03). Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The company had revenue of $228.18 million for the quarter, compared to analysts’ expectations of $226.41 million. During the same quarter in the previous year, the business posted $1.13 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. equities analysts predict that Camden Property Trust will post 4.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 15th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, December 14th. This represents a $3.00 dividend on an annualized basis and a yield of 3.40%. Camden Property Trust’s payout ratio is 182.93%.

CPT has been the topic of several research reports. BMO Capital Markets restated a “buy” rating and issued a $97.00 target price on shares of Camden Property Trust in a research report on Monday, November 27th. Robert W. Baird restated a “hold” rating and issued a $93.00 target price on shares of Camden Property Trust in a research report on Tuesday. Mizuho restated a “hold” rating and issued a $94.00 target price on shares of Camden Property Trust in a research report on Monday, November 6th. SunTrust Banks restated a “hold” rating and issued a $93.00 target price on shares of Camden Property Trust in a research report on Wednesday, October 4th. Finally, JPMorgan Chase & Co. upgraded Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 target price on the stock in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $93.67.

A number of institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC lifted its position in Camden Property Trust by 10.7% during the third quarter. Parametric Portfolio Associates LLC now owns 135,104 shares of the real estate investment trust’s stock worth $12,355,000 after buying an additional 13,052 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Camden Property Trust by 4.9% during the third quarter. Public Employees Retirement System of Ohio now owns 144,505 shares of the real estate investment trust’s stock worth $13,215,000 after buying an additional 6,756 shares in the last quarter. Davis Selected Advisers lifted its position in Camden Property Trust by 87.9% during the third quarter. Davis Selected Advisers now owns 135,627 shares of the real estate investment trust’s stock worth $12,403,000 after buying an additional 63,458 shares in the last quarter. Eii Capital Management Inc. purchased a new position in Camden Property Trust during the third quarter worth approximately $2,506,000. Finally, California Public Employees Retirement System increased its stake in Camden Property Trust by 6.2% during the third quarter. California Public Employees Retirement System now owns 221,283 shares of the real estate investment trust’s stock worth $20,236,000 after acquiring an additional 12,902 shares during the last quarter. Hedge funds and other institutional investors own 96.86% of the company’s stock.

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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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