Camden Property Trust (CPT) Files Form 4 Insider Selling : William W. Sengelmann Sells 2,398 Shares

Camden Property Trust (CPT): William W. Sengelmann , EVP – Real Estate Investments of Camden Property Trust sold 2,398 shares on Jun 24, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $84.50 per share for a total value of $202,631.00 , 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, Alexander J. Jessett (EVP – Finance & CFO) sold 11,936 shares at $85.07 per share price.On May 31, 2016, William F Paulsen (director) sold 1,460 shares at $85.10 per share price.Also, On May 26, 2016, Michael P Gallagher (Chief Accounting Officer) sold 13,703 shares at $84.80 per share price.On May 24, 2016, Lewis A Levey (director) sold 3,949 shares at $84.72 per share price.

Shares of Camden Property Trust (CPT) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -0.56 points or -0.66% at $84.49 with 6,46,777 shares getting traded. Post opening the session at $83.43, the shares hit an intraday low of $82.59 and an intraday high of $85.5 and the price vacillated in this range throughout the day. The company has a market cap of $7,350 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.

Camden Property Trust Money Flow Index Chart

On Jun 15, 2016, Camden Property Trust announced a cash dividend of $0.7500. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 18, 2016.

Company has been under the radar of several Street Analysts.Camden Property Trust is Downgraded by SunTrust to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 2, 2016.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 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.

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