Thurston Springer Miller Herd & Titak Inc. Buys 389 Shares of Camden Property Trust (NYSE:CPT)

Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Camden Property Trust (NYSE:CPT) by 76.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 900 shares of the real estate investment trust’s stock after purchasing an additional 389 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Camden Property Trust were worth $110,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Unigestion Holding SA increased its holdings in Camden Property Trust by 65.7% during the 1st quarter. Unigestion Holding SA now owns 7,125 shares of the real estate investment trust’s stock worth $871,000 after acquiring an additional 2,825 shares during the period. Hummer Financial Advisory Services Inc increased its stake in Camden Property Trust by 2.5% during the 1st quarter. Hummer Financial Advisory Services Inc now owns 8,239 shares of the real estate investment trust’s stock valued at $1,016,000 after purchasing an additional 200 shares in the last quarter. Czech National Bank increased its stake in Camden Property Trust by 5.9% during the 1st quarter. Czech National Bank now owns 24,502 shares of the real estate investment trust’s stock valued at $2,997,000 after purchasing an additional 1,371 shares in the last quarter. Aurora Investment Managers LLC. raised its holdings in Camden Property Trust by 1.3% in the first quarter. Aurora Investment Managers LLC. now owns 33,739 shares of the real estate investment trust’s stock worth $4,126,000 after buying an additional 425 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Camden Property Trust by 10.0% in the first quarter. Rhumbline Advisers now owns 221,366 shares of the real estate investment trust’s stock worth $27,073,000 after buying an additional 20,121 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Up 0.1%

Shares of NYSE:CPT opened at $115.89 on Friday. The firm has a market cap of $12.38 billion, a P/E ratio of 77.26, a PEG ratio of 4.41 and a beta of 0.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69. The business’s 50 day simple moving average is $114.78 and its two-hundred day simple moving average is $117.08.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The company had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. During the same quarter last year, the firm posted $1.70 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Steven A. Webster sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the transaction, the director now owns 117,374 shares of the company’s stock, valued at $13,939,336.24. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total transaction of $665,854.00. Following the sale, the chief executive officer now owns 289,720 shares in the company, valued at approximately $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,907 shares of company stock worth $824,860. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CPT has been the topic of several research reports. Evercore ISI lifted their target price on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Scotiabank boosted their target price on shares of Camden Property Trust from $135.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Wall Street Zen cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 24th. Jefferies Financial Group upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Finally, Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the company a “buy” rating in a report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and a consensus target price of $129.78.

About Camden Property Trust

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.