At the last check on Friday, Camden Property Trust’s (NYSE:CPT) stock was up $2.77, moving up 2.60 percent to $109.26. The average number of shares traded per day over the past five days has been 1,030,765 shares. 2 times new highs have been achieved over the past 5 days, with a $0.79 gain in that time frame. In the last twenty days, the average volume was 738,011, while in the previous 50 days, it was 778,776.
Since last month, CPT stock retreated -0.66%. Shares of the company fell to $104.42 on 08/03/23, the lowest level in the past month. A 52-week high of $146.56 was reached on 02/02/23 after having rallying from a 52-week low of $97.74. Since the beginning of this year, CPT’s stock price has dropped by -2.34% or -$2.58, and marked a new high 11 times. However, the stock has declined by -25.45% since its 52-week high.
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CPT stock investors should be aware that Camden Property Trust (CPT) stock had its last reported insider trading activity 91 days ago on May 05. CAMPO RICHARD J, the Chairman and CEO of the company, disposed of 5,337 shares for $110.35 on May 05. It resulted in a $588,938 divestment by the insider. Sengelmann William W. sold 10,292 shares at an average price of $112.57 on Jan 04. The insider now owns 68,667 shares following the transaction. On Jan 04, Chief Accounting Officer Gallagher Michael P sold 1,332 shares at $112.57 apiece. The transaction was valued at $149,943.
Valuation Metrics
Right now, Camden Property Trust (CPT) has a P/E ratio of about 19.32. The stock’s beta is 0.80. Besides these, the trailing price-to-sales (P/S) ratio of 7.85, the price-to-book (PB) ratio of 2.40.
The latest dividend of $1.00 per share was paid out, remained unchanged from last year’s $1.00. On Thursday February 2 2023, a $0.06 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.76. On the profitability front, the trailing twelve-month gross margin is 62.80% percent. Based on annual data, CPT earned $275.76 million in gross profit and brought in $1.42 billion in revenue.
In Camden Property Trust’s quarter-end financial report for June 29, it reported total debt of $515.13 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CPT’s revenue rose 17.14% to $376.84 million during the quarter, while net income inched up to $378.74 million. While analysts expected Camden Property Trust to report $0.35 quarterly earnings, the actual figure was $0.84 per share. During the quarter, the company generated $225.33 million in EBITDA. The value of shareholders’ equity is $106.76 million.
Technical Picture
This quick technical analysis looks at Camden Property Trust’s (CPT) price momentum. With a historical volatility rate of 23.45%, the RSI 9-day stood at 49.00% on 03 August.
With respect to its five-day moving average, the current Camden Property Trust price is up by +0.73% percent or $0.79. At present, CPT shares trade +0.48% above its 20-day simple moving average and +0.68% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.24% above its SMA50 and -5.29% below its SMA200.
Stochastic coefficient K was 25.39% and Stochastic coefficient D was 15.64%, while ATR was 2.39. Given the Stochastic reading of 50.73% for the 14-day period, the RSI (14) reading has been calculated as 48.67%. As of today, the MACD Oscillator reading stands at -1.28, while the 14-day reading stands at -2.36.
Analyst Ratings
BMO Capital Markets upgraded its rating on Camden Property Trust (NYSE: CPT) to an Outperform in a note to investors on July 18, 2023. The analysts firm previously had a Market perform rating on the stock.Camden Property Trust (CPT) has been rated Overweight by analysts. According to 1 brokerage firm, CPT is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Camden Property Trust stock as buy, with 7 recommending it as overweight.
With a median target price of $126.50, the current consensus forecast for the stock is $102.00 – $140.00. Based on these forecasts, analysts predict Camden Property Trust (CPT) will achieve an average price target of $124.78.
