Camden Property Trust (NYSE:CPT) finished Friday with an addition of $0.16 to close at $107.86, an upside of 0.15 percent. An average of 753,500 shares of common stock have been traded in the last five days. There was a fall of -$0.68 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 849,565 shares traded, while the 50-day average volume stands at 781,074.
CPT stock has decreased by -3.64% in the last month. The company shares reached their 1-month lowest point of $104.42 on 08/03/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $97.74 and a high of $146.56 in 52 weeks. It has reached a new high 11 times so far this year and lost -3.59% or -$4.02 in price. In spite of this, the price is down -26.41% from the 52-week high.
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Insider Transactions
CPT stock investors should be aware that Camden Property Trust (CPT) stock had its last reported insider trading activity 99 days ago on May 05. In this transaction, the insider spent $588,938. EVP – Real Estate Investments, Sengelmann William W., disposed of 10,292 shares at a price of $112.57 on Jan 04. The insider now owns more than $1,158,551 worth of shares. Prior to that, Chief Accounting Officer Gallagher Michael P went on to Sale 1,332 shares at $112.57 each on Jan 04. An amount of $149,943 was transacted.
Valuation Metrics
Camden Property Trust (CPT) has a trailing price-to-earnings (P/E) ratio of 17.87. The stock’s beta is 0.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.94, the price-to-book (PB) ratio at 2.37.
The company has a payout ratio of 53.00%. The company’s most recent quarterly dividend payment was $1.00 a share, without any change from last year. Its latest increase dividend $0.06 reported on Thursday February 2 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.76 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $275.76 million compared to revenue of $1.42 billion.
Earnings Surprise
For the three-month period that ended June 29, Camden Property Trust had $330.02 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $91.1 million in the quarter, while revenues of $41.92 million were shrunk -445.91%. The analyst consensus anticipated Camden Property Trust’s latest quarter earnings to come in at $0.35 per share, but it turned out to be $0.84, a 140.00% surprise. For the quarter, EBITDA amounted to $220.02 million. At the end of the quarter ending June 29, Camden Property Trust’s stock balance sheet showed total debt was $3.69 billion. Shareholders own equity worth $106.77 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Camden Property Trust (CPT) price momentum. RSI 9-day as of the close on 11 August was 42.31%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.10%.
As of today, CPT’s price is $108.54 -0.63% or -$0.68 from its 5-day moving average. CPT is currently trading -3.65% lower than its 20-day SMA and +4.37% higher than its 100-day SMA. However, the stock’s current price level is +3.24% above the SMA50 and -4.55% below the SMA200.
The stochastic %K and %D were 39.08% and 42.60%, respectively, and the average true range (ATR) was 2.16. With the 14-day stochastic at 39.29% and the average true range at 2.17, the RSI (14) stands at 44.22%. The stock has reached -0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.68.
Analyst Ratings
BMO Capital Markets upgraded Camden Property Trust (NYSE: CPT) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Market perform. The consensus rating for Camden Property Trust (CPT) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CPT, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 8 others rate it as a “buy”.
What is CPT’s price target for the next 12 months?
Analysts predict a range of price targets between $102.00 and $141.00, with a median target of $127.00. Taking a look at these predictions, the average price target given by analysts for Camden Property Trust (CPT) stock is $126.21.
