Purpose Unlimited Inc. Invests $664,000 in Camden Property Trust $CPT

Purpose Unlimited Inc. acquired a new stake in shares of Camden Property Trust (NYSE:CPT) during the fourth quarter, HoldingsChannel reports. The firm acquired 6,028 shares of the real estate investment trust’s stock, valued at approximately $664,000.

A number of other large investors have also modified their holdings of the company. Maverick Capital Ltd. acquired a new stake in Camden Property Trust during the fourth quarter worth $202,304,000. Norges Bank bought a new position in shares of Camden Property Trust during the 4th quarter worth about $154,587,000. Viking Global Investors LP lifted its holdings in shares of Camden Property Trust by 41.6% during the 3rd quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock worth $410,755,000 after acquiring an additional 1,130,718 shares during the period. Invesco Ltd. boosted its position in shares of Camden Property Trust by 38.4% during the 4th quarter. Invesco Ltd. now owns 3,452,355 shares of the real estate investment trust’s stock valued at $380,035,000 after acquiring an additional 957,896 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Camden Property Trust by 64.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,113,896 shares of the real estate investment trust’s stock valued at $232,698,000 after acquiring an additional 825,769 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CPT shares. Evercore set a $113.00 target price on shares of Camden Property Trust in a research note on Monday, June 8th. Barclays raised their price target on shares of Camden Property Trust from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Scotiabank lifted their price objective on Camden Property Trust from $95.00 to $102.00 and gave the company a “sector underperform” rating in a report on Thursday. Truist Financial upped their price objective on Camden Property Trust from $118.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Camden Property Trust in a report on Monday, April 20th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $114.48.

Camden Property Trust Trading Up 0.1%

Shares of Camden Property Trust stock opened at $109.14 on Monday. Camden Property Trust has a 12-month low of $96.53 and a 12-month high of $117.50. The stock has a market capitalization of $10.97 billion, a P/E ratio of 30.49, a price-to-earnings-growth ratio of 8.24 and a beta of 0.80. The company has a 50-day simple moving average of $106.43 and a 200 day simple moving average of $106.07. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.04.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. The firm had revenue of $390.92 million for the quarter, compared to analyst estimates of $378.11 million. Camden Property Trust had a net margin of 24.69% and a return on equity of 8.71%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 earnings per share. Camden Property Trust has set its FY 2026 guidance at 6.600-6.900 EPS and its Q2 2026 guidance at 1.650-1.690 EPS. Research analysts expect that Camden Property Trust will post 6.65 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be issued a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Camden Property Trust’s payout ratio is presently 118.44%.

Camden Property Trust Profile

Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.

Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.