Camden Property Trust (NYSE:CPT) Stake Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Camden Property Trust (NYSE:CPTGet Rating) by 80.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,362 shares of the real estate investment trust’s stock after selling 78,674 shares during the period. Mutual of America Capital Management LLC’s holdings in Camden Property Trust were worth $2,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its holdings in shares of Camden Property Trust by 40.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 60,458 shares of the real estate investment trust’s stock valued at $8,025,000 after buying an additional 17,456 shares during the last quarter. King Luther Capital Management Corp bought a new stake in Camden Property Trust during the first quarter worth approximately $542,000. Janney Montgomery Scott LLC raised its holdings in Camden Property Trust by 40.3% during the second quarter. Janney Montgomery Scott LLC now owns 3,999 shares of the real estate investment trust’s stock worth $539,000 after purchasing an additional 1,149 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Camden Property Trust by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,454 shares of the real estate investment trust’s stock worth $6,225,000 after purchasing an additional 3,571 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in Camden Property Trust during the first quarter worth approximately $430,000. Institutional investors own 94.08% of the company’s stock.

Camden Property Trust Trading Up 0.5 %

NYSE CPT opened at $116.83 on Wednesday. Camden Property Trust has a twelve month low of $107.90 and a twelve month high of $180.37. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 3.02 and a beta of 0.73. The firm’s 50 day moving average price is $116.61 and its two-hundred day moving average price is $129.67.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 3.22%. The ex-dividend date was Thursday, September 29th. Camden Property Trust’s payout ratio is 49.54%.

Insiders Place Their Bets

In other news, Director Kelvin R. Westbrook sold 1,820 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $130.77, for a total transaction of $238,001.40. Following the transaction, the director now directly owns 24,932 shares in the company, valued at approximately $3,260,357.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on CPT shares. Capital One Financial reissued an “overweight” rating on shares of Camden Property Trust in a report on Thursday, August 18th. Royal Bank of Canada boosted their target price on Camden Property Trust from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. Citigroup boosted their target price on Camden Property Trust to $150.00 in a report on Tuesday, August 9th. Mizuho decreased their price target on shares of Camden Property Trust from $136.00 to $119.00 and set a “neutral” rating on the stock in a research report on Thursday, November 10th. Finally, Barclays decreased their price target on shares of Camden Property Trust from $169.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, November 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.83.

Camden Property Trust Company Profile

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Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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