Camden Property Trust (NYSE:CPT) saw a downside of -0.14% to close Friday at $106.19 after subtracting -$0.15 on the day. The 5-day average trading volume is 683,860 shares of the company’s common stock. It has gained $107.91 in the past week and touched a new high 2 times within the past 5 days. An average of 877,865 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 761,326.
CPT’s 1-month performance is -5.29% or -$4.43 on its low of $104.42 reached on 08/03/23. The company’s shares have touched a 52-week low of $97.74 and high of $146.01, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, CPT has lost -5.09% or -$5.69 and has reached a new high 11 times. However, the current price is down -27.27% from the 52-week high price.
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Insider Transactions
CPT stock investors last saw insider trading activity on May 05.CAMPO RICHARD J (Chairman and CEO) most recently sold 5,337 shares at $110.35 per share on May 05. This transaction cost the insider $588,938. EVP – Real Estate Investments, Sengelmann William W., sold 10,292 shares at a price of $112.57 on Jan 04. Then, on Jan 04, Chief Accounting Officer Gallagher Michael P sold 1,332 shares at a price of $112.57 per share. This transaction amounted to $149,943.
Valuation Metrics
CPT stock has a beta of 0.79. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.50 while the price-to-book (PB) in the most recent quarter is 2.34, with the price to cash flow ratio at 29.41.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.75, while the total debt to equity was 0.75. In terms of profitability, the gross margin trailing 12 months is 62.70%. The firm’s gross profit as reported stood at $275.76 million against revenue of $1.42 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -445.91% to $91.1 million, while revenue of $41.92 million was 53.98% off the previous quarter. Analysts expected CPT to announce $0.35 per share in earnings in its latest quarter, but it posted $0.84, representing a 140.00% surprise. EBITDA for the quarter stood at more than $220.02 million. Shareholders hold equity totaling $106.77 million.
Let’s look briefly at Camden Property Trust (CPT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 36.31% to suggest the stock is trending Neutral, with historical volatility in this time period at 9.80%.
The stock’s 5-day moving average is $106.11, reflecting a -1.55% or -$1.67 change from its current price. CPT is currently trading -5.94% above its 20-day SMA, +6.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.23% and SMA200 by-8.10%.
Stochastic %K and %D was 25.17% and 23.27% and the average true range (ATR) pointed at 1.94. The RSI (14) points at 39.72%, while the 14-day stochastic is at 25.65% with the period’s ATR at 2.02. The stock’s 9-day MACD Oscillator is pointing at -0.89 and -1.27 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Camden Property Trust (NYSE: CPT), BMO Capital Markets upgraded it to an Outperform rating. They previously had a Market perform rating on the stock. Analysts offering their rating for CPT stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CPT as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.
What is CPT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $102.00 and a high of $141.00, with their median price target at $126.50. Looking at these predictions, the average price target given by analysts is for Camden Property Trust (CPT) stock is $125.53.
