Camden Property Trust (NYSE:CPT) COO H Malcolm Stewart sold 65,039 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $93.79, for a total value of $6,100,007.81. Following the completion of the sale, the chief operating officer now directly owns 231,256 shares of the company’s stock, valued at $21,689,500.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

H Malcolm Stewart also recently made the following trade(s):

  • On Tuesday, June 5th, H Malcolm Stewart sold 11,020 shares of Camden Property Trust stock. The shares were sold at an average price of $90.68, for a total value of $999,293.60.

Shares of NYSE CPT traded up $0.91 during trading hours on Friday, reaching $94.90. 238,800 shares of the stock were exchanged, compared to its average volume of 554,282. The firm has a market cap of $8.57 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 3.10 and a beta of 0.38. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.64. Camden Property Trust has a 52 week low of $78.19 and a 52 week high of $96.39.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.78). The firm had revenue of $237.10 million for the quarter, compared to the consensus estimate of $235.47 million. Camden Property Trust had a return on equity of 5.79% and a net margin of 21.65%. Camden Property Trust’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS. analysts forecast that Camden Property Trust will post 4.75 EPS for the current year.

A number of research firms have recently issued reports on CPT. Sandler O’Neill set a $105.00 price objective on Camden Property Trust and gave the company a “buy” rating in a research report on Friday, August 3rd. Citigroup raised their price objective on Camden Property Trust from $91.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. Royal Bank of Canada raised their price objective on Camden Property Trust to $97.00 and gave the company an “outperform” rating in a research report on Tuesday. Zacks Investment Research cut Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Finally, SunTrust Banks raised their price objective on Camden Property Trust to $95.00 and gave the company an “average” rating in a research report on Tuesday. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $94.13.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Andra AP fonden increased its stake in shares of Camden Property Trust by 25.0% during the second quarter. Andra AP fonden now owns 66,900 shares of the real estate investment trust’s stock worth $6,097,000 after purchasing an additional 13,400 shares during the period. Global X Management Co LLC increased its stake in shares of Camden Property Trust by 30.7% during the second quarter. Global X Management Co LLC now owns 3,748 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 880 shares during the period. Jane Street Group LLC bought a new position in shares of Camden Property Trust during the second quarter worth approximately $2,976,000. Advisors Asset Management Inc. increased its stake in shares of Camden Property Trust by 214.3% during the second quarter. Advisors Asset Management Inc. now owns 76,778 shares of the real estate investment trust’s stock worth $1,854,000 after purchasing an additional 52,351 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Camden Property Trust by 28.3% during the second quarter. California Public Employees Retirement System now owns 291,517 shares of the real estate investment trust’s stock worth $26,566,000 after purchasing an additional 64,302 shares during the period. Institutional investors own 92.87% of the company’s stock.

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 158 properties containing 54,181 apartment homes across the United States.

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