Cardiff Oncology shares plunge after Q2 earnings miss
Laurie Baker, the Executive Vice President and Chief Operating Officer of Camden Property Trust (NYSE:CPT), recently sold 2,308 common shares of the company. The shares were sold at a price of $118.38 each, amounting to a total transaction value of $273,221. The transaction comes as Camden Property Trust, with a market capitalization of $12.9 billion, trades near its 52-week high of $127.69. According to InvestingPro data, the company maintains a "GOOD" Financial Health score of 2.61. Following this transaction, Baker retains ownership of 78,558 shares, which includes 14 shares acquired through the company’s Employee Share Purchase Program. This sale was carried out on February 19, 2025, as reported in a recent SEC filing. The REIT has maintained dividend payments for 33 consecutive years, currently offering a 3.52% yield. InvestingPro subscribers can access additional insights through comprehensive Pro Research Reports, available for over 1,400 US stocks including Camden Property Trust.
In other recent news, Camden Property Trust reported its fourth-quarter 2024 earnings, revealing a slight miss on earnings per share (EPS), which came in at $0.37 compared to the anticipated $0.41. However, the company’s revenue slightly exceeded expectations, reaching $386.32 million against a forecast of $384.24 million. Camden’s full-year results showed a modest same-store revenue growth of 1.3% and a net operating income growth of 1.1%. The company has set a 2025 core funds from operations (FFO) guidance range of $6.60 to $6.90 per share, with plans to target $750 million in acquisitions and dispositions. In other developments, RBC Capital Markets updated its outlook on Camden Property Trust, increasing the price target to $123 from $121 while maintaining a Sector Perform rating. The analyst from RBC Capital noted Camden’s stable leasing spreads and reduced operating expenses, although they suggested caution regarding unresolved supply challenges. Camden’s strategic initiatives include focusing on market repositioning and development starts, with anticipated yields around 6%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.