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

Mutual of America Capital Management LLC increased its position in shares of Camden Property Trust (NYSE:CPT) by 51.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CPT. Bessemer Group Inc. increased its position in Camden Property Trust by 57.0% in the fourth quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 94 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Camden Property Trust by 1.0% in the third quarter. Mercer Global Advisors Inc. ADV now owns 9,751 shares of the real estate investment trust’s stock worth $1,165,000 after buying an additional 95 shares during the period. Rockefeller Capital Management L.P. increased its position in Camden Property Trust by 0.3% in the first quarter. Rockefeller Capital Management L.P. now owns 36,569 shares of the real estate investment trust’s stock worth $3,833,000 after buying an additional 96 shares during the period. qPULA Trading Management LP increased its position in Camden Property Trust by 7.7% in the first quarter. qPULA Trading Management LP now owns 1,400 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 100 shares during the period. Finally, Lido Advisors LLC increased its position in Camden Property Trust by 0.8% in the first quarter. Lido Advisors LLC now owns 16,781 shares of the real estate investment trust’s stock worth $2,789,000 after buying an additional 126 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Trading Down 0.0 %

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

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $387.59 million during the quarter, compared to analyst estimates of $387.33 million. During the same quarter last year, the company posted $1.74 EPS. Camden Property Trust’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts expect that Camden Property Trust will post 6.72 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CPT shares. Piper Sandler reaffirmed an “underweight” rating and issued a $90.00 target price on shares of Camden Property Trust in a research report on Tuesday, March 26th. Truist Financial raised their price target on Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Mizuho lowered their price target on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Morgan Stanley raised their price target on Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Finally, StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $104.29.

Camden Property Trust 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 58,634 apartment homes across the United States.