Mutual of America Capital Management LLC Has $2.85 Million Holdings in Camden Property Trust (NYSE:CPT)

Mutual of America Capital Management LLC lifted its position in shares of Camden Property Trust (NYSE:CPT) by 51.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 28,686 shares of the real estate investment trust’s stock after purchasing an additional 9,779 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Camden Property Trust were worth $2,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Camden Property Trust by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 14,955,322 shares of the real estate investment trust’s stock valued at $2,485,575,000 after buying an additional 412,019 shares in the last quarter. BlackRock Inc. boosted its stake in Camden Property Trust by 1.6% in the 1st quarter. BlackRock Inc. now owns 9,961,282 shares of the real estate investment trust’s stock valued at $1,044,341,000 after buying an additional 157,326 shares in the last quarter. State Street Corp boosted its stake in Camden Property Trust by 0.7% in the 1st quarter. State Street Corp now owns 6,890,494 shares of the real estate investment trust’s stock valued at $729,147,000 after buying an additional 45,705 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Camden Property Trust by 41.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock valued at $382,575,000 after buying an additional 1,187,974 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Camden Property Trust by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,599,058 shares of the real estate investment trust’s stock valued at $340,399,000 after buying an additional 43,376 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Trading Down 0.0 %

NYSE CPT opened at $95.31 on Friday. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The stock has a 50-day simple moving average of $96.87 and a 200 day simple moving average of $95.02. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $10.37 billion, a PE ratio of 25.76, a P/E/G ratio of 3.57 and a beta of 0.83.

Camden Property Trust (NYSE:CPT) last released its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The firm had revenue of $387.59 million for the quarter, compared to analyst estimates of $387.33 million. During the same quarter in the prior year, the firm posted $1.74 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Research analysts forecast that Camden Property Trust will post 6.72 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were paid a $1.03 dividend. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.12 annualized dividend and a yield of 4.32%. Camden Property Trust’s dividend payout ratio is presently 111.35%.

Wall Street Analyst Weigh In

Several analysts recently commented on CPT shares. The Goldman Sachs Group started coverage on Camden Property Trust in a research note on Thursday, February 22nd. They issued a “buy” rating and a $112.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on Camden Property Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $90.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $103.00 price objective on shares of Camden Property Trust in a research report on Monday, February 5th. Piper Sandler reiterated an “underweight” rating and issued a $90.00 price objective on shares of Camden Property Trust in a research report on Tuesday, March 26th. Finally, Mizuho cut their price objective on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $104.29.

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 58,634 apartment homes across the United States.