Mutual of America Capital Management LLC Has $5.64 Million Position in Camden Property Trust $CPT

Key Points

• Mutual of America Capital Management LLC increased its stake in Camden Property Trust by 32.1% during the second quarter, holding 50,046 shares valued at approximately $5.64 million.
• Camden Property Trust reported $1.70 earnings per share for the last quarter, slightly beating analysts' expectations, with a year-over-year revenue increase of 2.4%.
• The company announced a quarterly dividend of $1.05 per share, representing an annualized dividend yield of 4.1%.

Mutual of America Capital Management LLC grew its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 32.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,046 shares of the real estate investment trust's stock after purchasing an additional 12,155 shares during the quarter. Mutual of America Capital Management LLC's holdings in Camden Property Trust were worth $5,640,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cape Investment Advisory Inc. bought a new stake in shares of Camden Property Trust during the first quarter worth $37,000. IFP Advisors Inc raised its position in shares of Camden Property Trust by 45.7% during the second quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 101 shares during the last quarter. Tsfg LLC bought a new stake in shares of Camden Property Trust during the first quarter worth $40,000. National Pension Service raised its position in shares of Camden Property Trust by 74.2% during the first quarter. National Pension Service now owns 392 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 167 shares during the last quarter. Finally, Private Trust Co. NA raised its position in shares of Camden Property Trust by 117.7% during the second quarter. Private Trust Co. NA now owns 431 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 233 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Up 0.4%

Shares of Camden Property Trust stock opened at $103.50 on Wednesday. Camden Property Trust has a 12 month low of $100.60 and a 12 month high of $127.65. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. The stock has a market cap of $11.06 billion, a PE ratio of 72.38, a price-to-earnings-growth ratio of 3.50 and a beta of 0.80. The business has a fifty day simple moving average of $106.90 and a 200 day simple moving average of $111.40.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The firm had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. During the same period in the previous year, the firm earned $1.71 earnings per share. The company's revenue was up 2.4% on a year-over-year basis. Camden Property Trust has set its FY 2025 guidance at 6.760-6.860 EPS. Q3 2025 guidance at 1.670-1.710 EPS. Research analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Camden Property Trust's dividend payout ratio is currently 293.71%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CPT shares. UBS Group dropped their target price on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Cantor Fitzgerald started coverage on Camden Property Trust in a research report on Wednesday, October 1st. They set a "neutral" rating and a $115.00 target price for the company. Truist Financial dropped their target price on Camden Property Trust from $131.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, August 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Camden Property Trust in a research note on Wednesday, October 8th. Finally, Scotiabank decreased their price objective on Camden Property Trust from $136.00 to $133.00 and set a "sector perform" rating for the company in a research note on Thursday, August 14th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $121.61.

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.

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