Camden Property Trust (NYSE:CPT) EVP Sells $68486.88 in Stock

The firm's revenue for the quarter was up.4% on a year-over-year basis. The firm owned 209,674 shares of the real estate investment trust's stock after selling 3,800 shares during the period. Following the completion of the transaction, the director now owns 14,284 shares in the company, valued at approximately $1,245,279.12. Retirement Systems of Alabama's holdings in Camden Property Trust were worth $9,661,000 at the end of the most recent quarter. During the same quarter previous year, the firm posted $1.15 earnings per share. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 19.92 and a beta of 0.37. Dimensional Fund Advisors LP increased its position in shares of Camden Property Trust by 3.9% in the second quarter.

Camden Property Trust is a real estate investment trust. DA Davidson also issued estimates for Camden Property Trust's Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.21 EPS and Q4 2018 earnings at $1.24 EPS. Founders Capital Management bought a new stake in shares of Camden Property Trust during the first quarter valued at about $140,000. On average, equities analysts anticipate that Camden Property Trust will post $1.81 EPS for the current year. Assetmark Inc. now owns 1,695 shares of the real estate investment trust's stock worth $136,000 after buying an additional 1,402 shares during the last quarter. The stock has a 50 day moving average price of $87.62 and a 200-day moving average price of $84.01. Creative Planning now owns 2,638 shares of the real estate investment trust's stock valued at $212,000 after buying an additional 80 shares during the period. The SI to Camden Property Trust's float is 3.21%. The real estate investment trust reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. First Manhattan Co. boosted its stake in shares of Camden Property Trust by 2.0% in the first quarter. Finally, Renaissance Technologies LLC increased its position in shares of Camden Property Trust by 76.9% in the second quarter.

Shares of Camden Property Trust (NYSE CPT) traded down 0.86% during mid-day trading on Tuesday, reaching $89.03.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.37%. The ex-dividend date was Wednesday, June 28th. It improved, as 17 investors sold Camden Property Trust shares while 108 reduced holdings.

COPYRIGHT VIOLATION NOTICE: This article was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several research firms recently weighed in on CPT. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and global trademark and copyright legislation. Finally, BMO Capital Markets raised shares of Camden Property Trust from a "market perform" rating to an "outperform" rating and upped their target price for the company from $81.00 to $89.00 in a research note on Thursday, May 25th.

Camden Property Trust (NYSE:CPT) stock has moved in a downward direction this week, causing concern for some investors. The stock was sold at an average price of $89.76, for a total value of $68,486.88. Royal Bank Of Canada reissued a buy rating and issued a $90.00 target price on shares of Camden Property Trust in a research note on Wednesday, March 29th. They noted that the move was a valuation call. Barclays PLC lifted their price target on Camden Property Trust from $85.00 to $86.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 18th. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/12/retirement-systems-of-alabama-reduces-position-in-camden-property-trust-nysecpt.html. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of "Hold" and an average price target of $88.42. Also, EVP William W. Sengelmann sold 763 shares of the firm's stock in a transaction that occurred on Tuesday, August 8th. The company's stock had a trading volume of 371,550 shares. The stock was sold at an average price of $90.15, for a total transaction of $458,412.75. The disclosure for this sale can be found here. The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. Insiders sold 120,811 shares of company stock valued at $10,812,185 over the last quarter. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

Lastly, Evercore ISI lifted Camden Property Trust from an "in-line" recommendation to an "outperform" recommendation and raised their PT for the shares from $87.00 to $90.00 in a study note published on early Thur, May 18th.

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