Camden Property Trust (NYSE:CPT) Chairman Richard J. Campo Sells 60,000 Shares
Camden Property Trust (NYSE:CPT) Chairman Richard J. Campo sold 60,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $105.32, for a total value of $6,319,200.00. Following the transaction, the chairman now directly owns 273,948 shares of the company’s stock, valued at $28,852,203.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
CPT traded up $1.03 on Wednesday, reaching $106.32. The company’s stock had a trading volume of 534,470 shares, compared to its average volume of 518,426. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 3.24 and a beta of 0.46. Camden Property Trust has a fifty-two week low of $83.67 and a fifty-two week high of $106.92.
Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.22. The firm had revenue of $248.57 million during the quarter, compared to the consensus estimate of $246.50 million. Camden Property Trust had a return on equity of 4.45% and a net margin of 15.98%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 earnings per share. On average, equities analysts anticipate that Camden Property Trust will post 5.06 EPS for the current fiscal year.
A number of equities analysts have recently commented on the company. Barclays reissued a “buy” rating and set a $108.00 price objective on shares of Camden Property Trust in a research report on Tuesday, April 16th. Sandler O’Neill downgraded Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Finally, KeyCorp boosted their price objective on Camden Property Trust from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $99.67.
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Camden Property Trust Company Profile
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 161 properties containing 55,160 apartment homes across the United States.
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