Camden Property Trust (CPT): William W. Sengelmann , EVP – Real Estate Investments of Camden Property Trust sold 5,878 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $85.56 per share for a total value of $502,921.69 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 9, 2016, H Malcolm Stewart (Chief Operating Officer) sold 11,122 shares at $89.68 per share price.On Aug 4, 2016, D Keith Oden (President) sold 22,318 shares at $88.33 per share price.Also, On Aug 4, 2016, Richard J Campo (Chairman and CEO) sold 22,318 shares at $88.33 per share price.On Jun 27, 2016, William W. Sengelmann (EVP – Real Estate Investments) sold 2,398 shares at $84.50 per share price.
Camden Property Trust: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Camden Property Trust which led to swings in the share price. The shares opened for trading at $84.97 and hit $86.11 on the upside , eventually ending the session at $85.89, with a gain of 2.13% or 1.79 points. The heightened volatility saw the trading volume jump to 6,11,075 shares. The 52-week high of the share price is $90.91 and the company has a market cap of $7,508 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 Robert W. Baird to Neutral and the brokerage firm has raised the Price Target to $ 88 from a previous price target of $83 .Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Aug 10, 2016.Camden Property Trust is Downgraded by Mizuho to Neutral and the brokerage firm has raised the Price Target to $ 93 from a previous price target of $92 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Aug 1, 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.