Camden Property Trust (CPT): Alexander J. Jessett , EVP – Finance & CFO of Camden Property Trust sold 11,936 shares on May 27, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $85.07 per share for a total value of $1,015,025.44 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, William F Paulsen (director) sold 1,460 shares at $85.10 per share price.On May 26, 2016, Michael P Gallagher (Chief Accounting Officer) sold 13,703 shares at $84.80 per share price.Also, On May 24, 2016, Lewis A Levey (director) sold 3,949 shares at $84.72 per share price.On May 17, 2016, D Keith Oden (President) sold 110,000 shares at $85.80 per share price.
Camden Property Trust: On Friday, May 27, 2016 heightened volatility was witnessed in Camden Property Trust which led to swings in the share price. The shares opened for trading at $84.96 and hit $85.6 on the upside , eventually ending the session at $85.23, with a gain of 0.40% or 0.34 points. The heightened volatility saw the trading volume jump to 3,21,279 shares. The 52-week high of the share price is $87.19 and the company has a market cap of $7,415 M . The 52-week low of the share price is at $67.27.
Company has been under the radar of several Street Analysts.Camden Property Trust is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 9, 2016.Camden Property Trust is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 91 from a previous price target of $87 .The Rating was issued on May 2, 2016.Camden Property Trust is Upgraded by Mizuho to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 21, 2016.
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership management development redevelopment acquisition and construction of multifamily apartment communities. The Companies properties consist of mid-rise buildings or two and three story buildings in a landscaped setting and provide residents with various amenities common to multifamily rental properties. As of December 31 2014 the Company owned interests in operated or was developing 181 multifamily properties consisting of 63163 apartment homes across the United States. The Company’s properties include Camden Copper Square Camden Montierra Camden Sea Palms Camden Tuscany Camden Belleview Station Camden Denver West Camden Fallsgrove Camden Summerfield Camden Bay Camden Brookwood and Camden Ballantyne among others.