Insider Selling: William W. Sengelmann Sells 4,058 Shares of Camden Property Trust Stock (CPT)
Camden Property Trust (NYSE:CPT) SVP William W. Sengelmann unloaded 4,058 shares of the stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $73.46, for a total value of $298,100.68. Following the transaction, the senior vice president now directly owns 67,823 shares of the company’s stock, valued at approximately $4,982,278. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Camden Property Trust (NYSE:CPT) traded up 0.22% during mid-day trading on Tuesday, hitting $73.53. 151,725 shares of the company’s stock traded hands. Camden Property Trust has a one year low of $56.09 and a one year high of $74.12. The stock’s 50-day moving average is $72.18 and its 200-day moving average is $68.65. The company has a market cap of $6.298 billion and a P/E ratio of 23.71.
Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 31st. The company reported $1.05 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.05. The company had revenue of $208.94 million for the quarter, compared to the consensus estimate of $208.94 million. During the same quarter last year, the company posted $1.02 earnings per share. Camden Property Trust’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Camden Property Trust will post $4.25 earnings per share for the current fiscal year.
CPT has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Camden Property Trust from $77.00 to $80.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Camden Property Trust in a research note on Wednesday, August 6th. They now have a $77.00 price target on the stock, up previously from $62.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of Camden Property Trust from $74.00 to $79.00 in a research note on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.33.
Camden Property Trust is a real estate investment trust. The Company is engaged in ownership, management, development, acquisition, and construction of multi-family apartment communities.
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