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Insiders at Camden Property Trust (CPT) Make Significant Stock Sales Extends the Trend of Last Quarter

05/07/2021 18:34

10:19 PM EDT, 05/07/2021 (MT Newswires) -- There was significant net selling of Camden Property Trust shares by insiders today, as reported in form 4 documents filed with the SEC. Two insiders -- Scott S Ingraham, Director, and Laurie Baker, Officer -- disposed of 8,986 shares in the company having a market value of approximately $1,082,270. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 11,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 19,986 shares and have averaged 6,662 shares per transaction over this time period.

Today's Insider Activity

Over the last 90 days, the number of insider buy/sell trades at Camden Property Trust is higher than its 31-company peer group average. The Residential REITs peer group saw 50 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares traded per transaction by Camden Property Trust insiders is lower than its peers. Within the peer group there were 740,894 shares purchased and 247,630 shares sold with company insiders having bought 16,442 shares on average over this time period.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.