The President of Camden Property Trust is Exercising Options

By Carrie Williams

Yesterday it was reported that the President of Camden Property Trust (CPTResearch Report), Keith Oden, exercised options to sell 60,000 CPT shares for a total transaction value of $6.32M.

Following Keith Oden’s last CPT Sell transaction on December 11, 2017, the stock climbed by 18.5%. In addition to Keith Oden, 2 other CPT executives 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 $261 million and quarterly net profit of $38.53 million. In comparison, last year the company earned revenue of $233 million and had a net profit of $39.13 million. CPT’s market cap is $10.28B and the company has a P/E ratio of 66.26. Currently, Camden Property Trust has an average volume of 571.2K.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $110.33, reflecting a 3.8% upside.

The insider sentiment on Camden Property Trust has been negative according to 29 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Keith Oden’s trades have generated a 1.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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 portfolio of apartment homes located across the U.S. The company was founded by Richard J. Campo and D. Keith Oden on May 25, 1993 and is headquartered in Houston, TX.