Camden Property Trust (NYSE:CPT) Chairman Richard J. Campo sold 60,000 shares of Camden Property Trust stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $105.32, for a total transaction of $6,319,200.00. Following the completion of the sale, the chairman now directly owns 273,948 shares in the company, valued at approximately $28,852,203.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Camden Property Trust stock traded up $1.03 during trading on Wednesday, reaching $106.32. The company had a trading volume of 534,470 shares, compared to its average volume of 518,426. Camden Property Trust has a 1-year low of $83.67 and a 1-year high of $106.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market capitalization of $10.27 billion, a P/E ratio of 22.29, a P/E/G ratio of 3.24 and a beta of 0.46.
Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.22. Camden Property Trust had a net margin of 15.98% and a return on equity of 4.45%. The company had revenue of $248.57 million for the quarter, compared to analysts’ expectations of $246.50 million. During the same quarter in the previous year, the company posted $1.15 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Sell-side analysts predict that Camden Property Trust will post 5.06 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bbva Compass Bancshares Inc. boosted its stake in Camden Property Trust by 4.8% during the 4th quarter. Bbva Compass Bancshares Inc. now owns 2,637 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 120 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in Camden Property Trust by 71.7% during the 4th quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 124 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its stake in Camden Property Trust by 5.2% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 2,610 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 130 shares during the last quarter. Suntrust Banks Inc. boosted its stake in Camden Property Trust by 6.3% during the 4th quarter. Suntrust Banks Inc. now owns 2,355 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 140 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Camden Property Trust by 1.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,569 shares of the real estate investment trust’s stock worth $1,371,000 after purchasing an additional 150 shares during the last quarter. 93.17% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on CPT. Barclays reissued a “buy” rating and issued a $108.00 price target on shares of Camden Property Trust in a research note on Tuesday, April 16th. Sandler O’Neill cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Finally, KeyCorp lifted their price target on shares of Camden Property Trust from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $99.67.
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About Camden Property Trust
Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.
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