Today, the COO of Camden Property Trust (NYSE: CPT), Malcolm Stewart, sold shares of CPT for $999.3K.
Following Malcolm Stewart’s last CPT Sell transaction on September 09, 2016, the stock climbed by 14.0%. In addition to Malcolm Stewart, one other CPT executive reported Sell trades in the last month.
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Based on Camden Property Trust’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $233 million and quarterly net profit of $39.13 million. In comparison, last year the company earned revenue of $222 million and had a net profit of $34.82 million. CPT’s market cap is $8.33B and the company has a P/E ratio of 42.50. Currently, Camden Property Trust has an average volume of 480.4K.
Three different firms, including BMO Capital and Mizuho Securities, currently also have a Sell rating on the stock. Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $91.80, reflecting a -1.7% downside.
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Camden Property Trust operates as a real estate investment trust, which engages in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. It focuses on maintaining a geographically diverse portfolio of apartment homes located across the U.S. The company was founded by Richard J. Campo and D.
