Mutual of America Capital Management LLC Increases Holdings in Camden Property Trust (NYSE:CPT)

Mutual of America Capital Management LLC boosted its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 51.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,686 shares of the real estate investment trust's stock after acquiring an additional 9,779 shares during the period. 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.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in shares of Camden Property Trust by 57.0% in the 4th quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 94 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Camden Property Trust by 60.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 144 shares during the period. Tobam raised its stake in shares of Camden Property Trust by 4,166.7% in the 4th quarter. Tobam now owns 384 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 375 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in shares of Camden Property Trust in the 4th quarter valued at about $45,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Camden Property Trust by 100.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 223 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Stock Performance

Shares of NYSE:CPT traded up $0.98 during trading on Friday, reaching $96.27. 668,365 shares of the stock were exchanged, compared to its average volume of 1,124,152. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The firm has a market cap of $10.48 billion, a PE ratio of 26.02, a PEG ratio of 3.58 and a beta of 0.83. The stock has a 50-day moving average price of $96.92 and a 200-day moving average price of $95.05. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.31. The business had revenue of $387.59 million during the quarter, compared to analysts' expectations of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 earnings per share. Research analysts expect that Camden Property Trust will post 6.72 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Camden Property Trust's previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 4.28%. Camden Property Trust's dividend payout ratio is presently 111.35%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com downgraded Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Thursday, April 4th. 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. Mizuho lowered their target price on Camden Property Trust from $103.00 to $99.00 and set a "buy" rating on the stock in a research report on Wednesday, February 28th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $103.00 target price on shares of Camden Property Trust in a research report on Monday, February 5th. Finally, Morgan Stanley lifted their target price on Camden Property Trust from $95.00 to $98.00 and gave the company an "equal weight" rating in a research report on Monday, February 26th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.