Camden Property Trust (NYSE:CPT) Director William F. Paulsen sold 2,890 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $97.17, for a total transaction of $280,821.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of CPT opened at $98.92 on Friday. Camden Property Trust has a 52 week low of $78.19 and a 52 week high of $99.84. The stock has a market capitalization of $9.23 billion, a P/E ratio of 20.79, a P/E/G ratio of 3.14 and a beta of 0.57. The company has a current ratio of 0.33, a quick ratio of 0.20 and a debt-to-equity ratio of 0.69.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, January 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.81). Camden Property Trust had a return on equity of 4.56% and a net margin of 16.36%. The business had revenue of $244.92 million for the quarter, compared to analyst estimates of $243.35 million. Equities analysts expect that Camden Property Trust will post 5.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Thursday, March 28th. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.77. Camden Property Trust’s dividend payout ratio is presently 64.57%.

Several large investors have recently made changes to their positions in CPT. Oregon Public Employees Retirement Fund grew its position in shares of Camden Property Trust by 8,705.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 3,169,926 shares in the last quarter. BlackRock Inc. grew its position in shares of Camden Property Trust by 3.9% during the 4th quarter. BlackRock Inc. now owns 12,776,516 shares of the real estate investment trust’s stock worth $1,124,973,000 after purchasing an additional 481,528 shares in the last quarter. Bank of Montreal Can grew its position in shares of Camden Property Trust by 5,077.4% during the 4th quarter. Bank of Montreal Can now owns 315,511 shares of the real estate investment trust’s stock worth $27,781,000 after purchasing an additional 309,417 shares in the last quarter. Strs Ohio grew its position in shares of Camden Property Trust by 216.5% during the 4th quarter. Strs Ohio now owns 391,146 shares of the real estate investment trust’s stock worth $34,440,000 after purchasing an additional 267,579 shares in the last quarter. Finally, WINTON GROUP Ltd grew its position in shares of Camden Property Trust by 672.2% during the 4th quarter. WINTON GROUP Ltd now owns 265,771 shares of the real estate investment trust’s stock worth $23,401,000 after purchasing an additional 231,353 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Several research analysts have recently weighed in on CPT shares. Barclays restated a “hold” rating and set a $87.00 price objective on shares of Camden Property Trust in a research note on Sunday, October 14th. Scotiabank started coverage on shares of Camden Property Trust in a research note on Tuesday, October 16th. They set a “sector perform” rating on the stock. Zacks Investment Research lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Capital One Financial started coverage on shares of Camden Property Trust in a research note on Monday, October 22nd. They set an “equal weight” rating and a $96.00 price objective on the stock. Finally, ValuEngine upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Camden Property Trust has an average rating of “Buy” and a consensus price target of $98.18.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2019/02/09/william-f-paulsen-sells-2890-shares-of-camden-property-trust-cpt-stock.html.

About Camden Property Trust

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 159 properties containing 54,480 apartment homes across the United States.

Further Reading: Mutual Funds

Insider Buying and Selling by Quarter for Camden Property Trust (NYSE:CPT)

Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.