Camden Property Trust (NYSE:CPT) President D Keith Oden sold 55,682 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $92.27, for a total transaction of $5,137,778.14. Following the transaction, the president now owns 364,771 shares of the company’s stock, valued at approximately $33,657,420.17. The transaction was disclosed in a document filed with the SEC, which is available at this link.

D Keith Oden also recently made the following trade(s):

  • On Friday, December 8th, D Keith Oden sold 13,086 shares of Camden Property Trust stock. The shares were sold at an average price of $92.25, for a total transaction of $1,207,183.50.

Camden Property Trust (CPT) opened at $93.50 on Wednesday. Camden Property Trust has a fifty-two week low of $78.38 and a fifty-two week high of $96.39. The company has a market cap of $8,560.00, a PE ratio of 20.48, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.64.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing the 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 firm had revenue of $228.18 million during the quarter, compared to analyst estimates of $226.41 million. During the same quarter in the previous year, the business earned $1.13 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. sell-side analysts predict that Camden Property Trust will post 4.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 15th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Thursday, December 14th. Camden Property Trust’s payout ratio is 182.93%.

Several research firms have recently weighed in on CPT. BMO Capital Markets restated a “buy” rating and set a $97.00 price objective on shares of Camden Property Trust in a research report on Monday, November 27th. Mizuho restated a “hold” rating and set a $90.00 price objective on shares of Camden Property Trust in a research report on Sunday, October 15th. Deutsche Bank raised their price objective on shares of Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, August 18th. SunTrust Banks restated a “hold” rating and set a $93.00 price objective on shares of Camden Property Trust in a research report on Wednesday, October 4th. Finally, Robert W. Baird restated a “neutral” rating and set a $96.00 price objective (up previously from $92.00) on shares of Camden Property Trust in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $92.53.

Institutional investors and hedge funds have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC lifted its position in shares of Camden Property Trust by 6.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 67 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Camden Property Trust in the third quarter worth approximately $110,000. Perigon Wealth Management LLC lifted its position in shares of Camden Property Trust by 59.3% in the second quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 800 shares in the last quarter. Sawtooth Solutions LLC lifted its position in shares of Camden Property Trust by 2.7% in the second quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 72 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. purchased a new stake in shares of Camden Property Trust in the third quarter worth approximately $234,000. Institutional investors own 97.19% of the company’s stock.

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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. 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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