William F. Paulsen Sells 1,979 Shares of Camden Property Trust (CPT) Stock

Camden Property Trust (NYSE:CPT) Director William F. Paulsen sold 1,979 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $102.19, for a total transaction of $202,234.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CPT stock traded up $0.13 during trading on Thursday, hitting $103.34. 10,527 shares of the company’s stock traded hands, compared to its average volume of 358,106. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 3.13 and a beta of 0.53. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57. Camden Property Trust has a 1 year low of $83.67 and a 1 year high of $104.16.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.22. The company had revenue of $248.57 million for the quarter, compared to analyst estimates of $246.50 million. Camden Property Trust had a net margin of 15.98% and a return on equity of 4.45%. Camden Property Trust’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $1.15 earnings per share. Analysts anticipate that Camden Property Trust will post 5.06 EPS for the current fiscal year.

Several analysts have recently weighed in on CPT shares. Citigroup set a $100.00 price target on shares of Camden Property Trust and gave the company a “hold” rating in a research note on Tuesday, February 5th. Barclays raised shares of Camden Property Trust from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $87.00 to $106.00 in a research note on Monday, February 4th. BMO Capital Markets reissued a “buy” rating and set a $95.00 price objective on shares of Camden Property Trust in a report on Thursday, January 31st. Mizuho raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Wednesday, January 23rd. Finally, KeyCorp lifted their price objective on shares of Camden Property Trust from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $99.94.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group grew its holdings in shares of Camden Property Trust by 71.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 124 shares during the last quarter. Lavaca Capital LLC purchased a new stake in shares of Camden Property Trust during the fourth quarter valued at $27,000. Oregon Public Employees Retirement Fund grew its holdings in shares of Camden Property Trust by 8,705.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 3,169,926 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Camden Property Trust by 454.9% during the first quarter. Rockefeller Capital Management L.P. now owns 455 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 373 shares during the last quarter. Finally, First Interstate Bank purchased a new stake in shares of Camden Property Trust during the fourth quarter valued at $47,000. 90.94% of the stock is currently owned by institutional investors and hedge funds.

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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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