Camden Property Trust (NYSE:CPT) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its position in Camden Property Trust (NYSE:CPT) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,504 shares of the real estate investment trust’s stock after purchasing an additional 744 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Camden Property Trust were worth $4,468,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPT. National Pension Service bought a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $26,000. UMB Bank n.a. raised its stake in Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares in the last quarter. Quent Capital LLC boosted its position in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 114 shares during the period. Neo Ivy Capital Management bought a new position in shares of Camden Property Trust in the third quarter worth $38,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Camden Property Trust by 117.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 206 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

Shares of CPT opened at $123.35 on Wednesday. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69. The company has a 50-day moving average of $115.86 and a two-hundred day moving average of $119.47. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 82.23, a PEG ratio of 4.41 and a beta of 0.94.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. On average, equities research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.41%. Camden Property Trust’s payout ratio is currently 280.00%.

Insider Activity at Camden Property Trust

In related news, CEO Richard J. Campo sold 1,043 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $114,792.58. Following the transaction, the chief executive officer now directly owns 299,092 shares of the company’s stock, valued at approximately $32,918,065.52. The trade was a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares in the company, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,413 shares of company stock valued at $2,895,718. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CPT. Scotiabank upped their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Barclays upped their price target on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Royal Bank of Canada raised their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company decreased their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $126.53.

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.