Camden Property Trust (NYSE: CPT) is 21.49% higher on its value in year-to-date trading and has touched a low of $82.40 and a high of $127.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CPT stock was last observed hovering at around $119.24 in the last trading session, with the day’s gains setting it 1.39%.
Currently trading at $120.63, the stock is -0.07% and -1.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing 1.17% at the moment leaves the stock 12.07% off its SMA200. CPT registered 32.02% gain for a year compared to 6-month gain of 22.02%. The firm has a 50-day simple moving average (SMA 50) of $122.3392 and a 200-day simple moving average (SMA200) of $107.64275.
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The stock witnessed a -4.65% loss in the last 1 month and extending the period to 3 months gives it a 8.76%, and is -0.18% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.72% over the week and 1.58% over the month.
Camden Property Trust (CPT) has around 1640 employees, a market worth around $12.86B and $1.56B in sales. Current P/E ratio is 33.17 and Fwd P/E is 79.85. Profit margin for the company is 25.46%. Distance from 52-week low is 46.39% and -5.53% from its 52-week high. The company has generated returns on investments over the last 12 months (4.88%).
Camden Property Trust quarterly earnings per share for the current quarter are estimated at 0.37 with sales reaching $389.5M over the same period.The EPS is expected to shrink by -49.93% this year, but quarterly earnings will post 0.50% year-over-year. Quarterly sales are estimated to shrink -0.40% in year-over-year returns.
808.0 institutions hold shares in Camden Property Trust (CPT), with institutional investors hold 100.24% of the company’s shares. The shares outstanding are 115.64M, and float is at 105.07M with Short Float at 1.69%. Institutions hold 98.76% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 17.18 million shares valued at $1.87 billion. The investor’s holdings represent 15.8018 of the CPT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.08 million shares valued at $1.21 billion to account for 10.1942 of the shares outstanding. The other top investors are STATE STREET CORP which holds 7.08 million shares representing 6.5152 and valued at over $780.0 million, while COHEN & STEERS, INC. holds 4.6718 of the shares totaling 5.08 million with a market value of $554.15 million.
Camden Property Trust (CPT) Insider Activity
The most recent transaction is an insider sale by CAMPO RICHARD J, the company’s Chairman and CEO. SEC filings show that CAMPO RICHARD J sold 38,336 shares of the company’s common stock on Jan 04 ’24 at a price of $98.22 per share for a total of $3.77 million. Following the sale, the insider now owns 0.27 million shares.
Camden Property Trust disclosed in a document filed with the SEC on Jan 04 ’24 that Jessett Alexander J. (EVP – Finance & CFO) sold a total of 9,803 shares of the company’s common stock. The trade occurred on Jan 04 ’24 and was made at $98.21 per share for $0.96 million. Following the transaction, the insider now directly holds 0.11 million shares of the CPT stock.
Still, SEC filings show that on Jan 04 ’24, Brunner Heather J. (Director) disposed off 1,325 shares at an average price of $98.21 for $0.13 million. The insider now directly holds 10,230 shares of Camden Property Trust (CPT).
