Camden Property Trust (CPT): Michael P Gallagher , Chief Accounting Officer of Camden Property Trust sold 13,703 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $84.80 per share for a total value of $1,162,231.50 , 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 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.Also, On May 17, 2016, Richard J Campo (Chairman and CEO) sold 110,000 shares at $85.80 per share price.On May 9, 2016, H Malcolm Stewart (Chief Operating Officer) sold 32,207 shares at $83.99 per share price.
Shares of Camden Property Trust (CPT) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.37 points or -0.44% at $84.67 with 4,07,879 shares getting traded. Post opening the session at $85.03, the shares hit an intraday low of $84.29 and an intraday high of $85.46 and the price vacillated in this range throughout the day. The company has a market cap of $7,366 M and the number of outstanding shares has been calculated to be 8,69,98,140 shares. The 52-week high of Camden Property Trust is $87.19 and the 52-week low is $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.