Camden Property Trust (NYSE:CPT – Get Free Report) COO Laurie Baker sold 150 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $110.21, for a total value of $16,531.50. Following the transaction, the chief operating officer directly owned 96,636 shares of the company’s stock, valued at $10,650,253.56. This represents a 0.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Laurie Baker also recently made the following trade(s):
- On Monday, January 5th, Laurie Baker sold 531 shares of Camden Property Trust stock. The shares were sold at an average price of $109.79, for a total value of $58,298.49.
Camden Property Trust Stock Performance
CPT opened at $108.20 on Thursday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average price is $105.14 and its two-hundred day moving average price is $107.44. The firm has a market capitalization of $11.51 billion, a P/E ratio of 43.80, a price-to-earnings-growth ratio of 3.62 and a beta of 0.81. Camden Property Trust has a 12-month low of $97.17 and a 12-month high of $126.55.
Camden Property Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 17th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $4.20 dividend on an annualized basis and a yield of 3.9%. Camden Property Trust’s dividend payout ratio is 170.04%.
Analyst Ratings Changes
A number of brokerages have recently commented on CPT. UBS Group reaffirmed a “neutral” rating and set a $108.00 price objective on shares of Camden Property Trust in a research report on Thursday. Royal Bank Of Canada lowered their price target on Camden Property Trust from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. Piper Sandler cut their price target on Camden Property Trust from $117.00 to $111.00 and set a “neutral” rating for the company in a report on Monday, November 10th. JPMorgan Chase & Co. raised Camden Property Trust from an “underweight” rating to a “neutral” rating and set a $116.00 price objective on the stock in a report on Thursday, December 18th. Finally, Morgan Stanley lowered their price objective on Camden Property Trust from $124.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price of $116.99.
View Our Latest Stock Report on Camden Property Trust
Institutional Investors Weigh In On Camden Property Trust
Several large investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in Camden Property Trust in the 2nd quarter valued at $160,217,000. Viking Global Investors LP grew its holdings in shares of Camden Property Trust by 41.6% in the 3rd quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock worth $410,755,000 after purchasing an additional 1,130,718 shares during the last quarter. Long Pond Capital LP increased its position in shares of Camden Property Trust by 209.6% during the 2nd quarter. Long Pond Capital LP now owns 1,022,742 shares of the real estate investment trust’s stock worth $115,253,000 after purchasing an additional 692,412 shares in the last quarter. Invesco Ltd. lifted its holdings in Camden Property Trust by 34.5% during the 2nd quarter. Invesco Ltd. now owns 2,375,058 shares of the real estate investment trust’s stock valued at $267,645,000 after purchasing an additional 609,697 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Camden Property Trust by 87.3% during the 2nd quarter. Jennison Associates LLC now owns 1,013,719 shares of the real estate investment trust’s stock valued at $114,236,000 after purchasing an additional 472,623 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.
Key Stories Impacting Camden Property Trust
Here are the key news stories impacting Camden Property Trust this week:
- Negative Sentiment: CEO Richard J. Campo sold 38,021 shares at $109.78 (~$4.17M), reducing his stake by ~11.2%. This is the largest single disclosed sale and may be perceived as a significant insider exit. Read More.
- Negative Sentiment: CEO Richard J. Campo also sold an additional 5,600 shares at $110.21 (~$617k), further trimming his holdings. Read More.
- Negative Sentiment: CFO Alexander J. Jessett sold 5,627 shares at $109.69 (~$617k), a ~3.8% reduction in his position. Read More.
- Negative Sentiment: Director Heather J. Brunner sold 2,104 shares at $109.69 (~$231k), a ~17.1% reduction in her holding. Read More.
- Negative Sentiment: COO Laurie Baker completed two sales (531 shares at $109.79 and 150 shares at $110.21), totaling ~681 shares and ~ $74.8k, trimming a small portion of her stake. Read More.
- Negative Sentiment: Director Javier Benito sold 101 shares at $109.69 (~$11.1k), a modest reduction. Read More.
Camden Property Trust Company Profile
Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.
Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.
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