Insider Selling: Laurie Baker Sells 1,480 Shares of Camden Property Trust Stock (CPT)
Camden Property Trust (NYSE:CPT) SVP Laurie Baker sold 1,480 shares of Camden Property Trust stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $74.37, for a total transaction of $110,067.60. Following the completion of the sale, the senior vice president now directly owns 42,806 shares of the company’s stock, valued at approximately $3,183,482. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Camden Property Trust (NYSE:CPT) traded down 0.44% during mid-day trading on Wednesday, hitting $73.98. 159,714 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 $75.46. The stock has a 50-day moving average of $73.1 and a 200-day moving average of $69.67. The company has a market cap of $6.336 billion and a price-to-earnings ratio of 24.02.
Camden Property Trust (NYSE:CPT) last posted its quarterly 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. Analysts expect that Camden Property Trust will post $4.26 EPS for the current fiscal year.
CPT has been the subject of a number of recent research reports. Analysts at Mizuho initiated coverage on shares of Camden Property Trust in a research note on Monday. They set a “buy” rating and a $83.00 price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $74.30.
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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