Oak Thistle LLC Has $400,000 Stake in Camden Property Trust (NYSE:CPT)

Oak Thistle LLC reduced its stake in shares of Camden Property Trust (NYSE:CPT) by 52.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,449 shares of the real estate investment trust’s stock after selling 3,784 shares during the quarter. Oak Thistle LLC’s holdings in Camden Property Trust were worth $400,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. bought a new position in Camden Property Trust during the 2nd quarter valued at about $33,000. Neo Ivy Capital Management acquired a new stake in shares of Camden Property Trust during the third quarter worth approximately $38,000. American Capital Advisory LLC increased its holdings in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 128 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of Camden Property Trust in the 3rd quarter worth approximately $62,000. Finally, Versant Capital Management Inc grew its position in Camden Property Trust by 77.7% during the 4th quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 313 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $29,055.84. Following the sale, the director now directly owns 10,273 shares in the company, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard J. Campo sold 1,043 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $114,792.58. Following the completion of the transaction, the chief executive officer now directly owns 299,092 shares of the company’s stock, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 in the last 90 days. 1.90% of the stock is owned by insiders.

Camden Property Trust Trading Up 0.7 %

NYSE:CPT opened at $112.61 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 3.95 and a beta of 0.94. The business’s 50-day moving average price is $118.49 and its two-hundred day moving average price is $118.48.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a $1.03 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.66%. Camden Property Trust’s dividend payout ratio is 130.38%.

Analysts Set New Price Targets

CPT has been the subject of several research analyst reports. Mizuho cut their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Barclays started coverage on Camden Property Trust in a report on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 price target for the company. Scotiabank lowered their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and increased their price target for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $126.75.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.