Camden Property Trust (NYSE:CPT) Director William B. Mcguire sold 2,124 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $81.76, for a total value of $173,658.24. Following the transaction, the director now directly owns 2,015 shares of the company’s stock, valued at $164,746.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Camden Property Trust (NYSE:CPT) opened at 77.41 on Monday. Camden Property Trust has a 12 month low of $67.27 and a 12 month high of $90.91. The stock’s 50 day moving average price is $80.32 and its 200-day moving average price is $84.53. The firm has a market cap of $6.77 billion, a P/E ratio of 8.35 and a beta of 0.43.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, October 27th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Camden Property Trust had a net margin of 94.44% and a return on equity of 15.12%. The company earned $220.20 million during the quarter, compared to analysts’ expectations of $218.51 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. Camden Property Trust’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Camden Property Trust will post $4.61 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Wednesday, September 28th. Camden Property Trust’s dividend payout ratio (DPR) is currently 32.40%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Camden Property Trust by 2.5% in the second quarter. Vanguard Group Inc. now owns 13,413,156 shares of the real estate investment trust’s stock worth $1,185,990,000 after buying an additional 327,510 shares during the period. Lasalle Investment Management Securities LLC boosted its position in Camden Property Trust by 0.8% in the second quarter. Lasalle Investment Management Securities LLC now owns 5,519,707 shares of the real estate investment trust’s stock worth $488,052,000 after buying an additional 43,279 shares during the period. Cohen & Steers Inc. boosted its position in Camden Property Trust by 1,532.7% in the second quarter. Cohen & Steers Inc. now owns 4,557,918 shares of the real estate investment trust’s stock worth $403,011,000 after buying an additional 4,278,755 shares during the period. State Street Corp boosted its position in Camden Property Trust by 1.2% in the second quarter. State Street Corp now owns 4,421,057 shares of the real estate investment trust’s stock worth $390,916,000 after buying an additional 51,437 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in Camden Property Trust by 64.9% in the third quarter. Daiwa Securities Group Inc. now owns 4,311,826 shares of the real estate investment trust’s stock worth $361,072,000 after buying an additional 1,697,422 shares during the period. Institutional investors own 96.55% of the company’s stock.

Several equities analysts have recently commented on CPT shares. Deutsche Bank AG reaffirmed a “hold” rating and set a $84.00 target price (up from $83.00) on shares of Camden Property Trust in a report on Monday, July 18th. Zacks Investment Research raised Camden Property Trust from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Monday, July 18th. Barclays PLC increased their price objective on Camden Property Trust from $91.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, July 19th. Mizuho lowered Camden Property Trust from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $92.00 to $93.00 in a report on Monday, August 1st. Finally, Citigroup Inc. increased their price objective on Camden Property Trust from $87.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Camden Property Trust presently has an average rating of “Hold” and an average target price of $88.42.

About Camden Property Trust

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. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

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