Insider Selling: Camden Property Trust (CPT) EVP Sells 4,478 Shares of Stock

Camden Property Trust (NYSE:CPT) EVP William W. Sengelmann sold 4,478 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $395,944.76. Following the sale, the executive vice president now directly owns 66,567 shares in the company, valued at approximately $5,885,854.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Camden Property Trust (CPT) opened at $85.55 on Friday. The company has a market cap of $8,030.00, a price-to-earnings ratio of 52.16, a PEG ratio of 3.42 and a beta of 0.42. Camden Property Trust has a 1-year low of $78.38 and a 1-year high of $96.39. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.94 and a quick ratio of 1.94.

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 analysts’ consensus estimates of $1.14 by ($0.03). The business had revenue of $228.18 million during the quarter, compared to analyst estimates of $226.41 million. Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 earnings per share. analysts predict that Camden Property Trust will post 4.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 15th will be given a $0.75 dividend. The ex-dividend date is Thursday, December 14th. This represents a $3.00 dividend on an annualized basis and a yield of 3.51%. Camden Property Trust’s dividend payout ratio (DPR) is 182.93%.

Large investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC grew its position in Camden Property Trust by 6.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 67 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Camden Property Trust in the 3rd quarter valued at $110,000. Perigon Wealth Management LLC grew its position in Camden Property Trust by 59.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 800 shares during the last quarter. Bbva Compass Bancshares Inc. purchased a new position in Camden Property Trust in the 3rd quarter valued at $234,000. Finally, Stephens Inc. AR purchased a new position in Camden Property Trust in the 2nd quarter valued at $237,000. Hedge funds and other institutional investors own 96.86% of the company’s stock.

A number of analysts have weighed in on CPT shares. JPMorgan Chase & Co. raised shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price objective on the stock in a report on Friday, December 15th. UBS Group reissued a “sell” rating and set a $86.00 price objective (up previously from $80.00) on shares of Camden Property Trust in a report on Thursday, September 14th. KeyCorp raised their price objective on shares of Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, September 15th. Mizuho reissued a “hold” rating and set a $94.00 price objective on shares of Camden Property Trust in a report on Monday, November 6th. Finally, BMO Capital Markets reissued a “buy” rating and set a $97.00 price objective on shares of Camden Property Trust in a report on Monday, November 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $93.67.

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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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