CPT Stock Summary and Trading Ideas (Camden Prop Trust | NYSE:CPT)

Camden Property Trust is a real estate investment trust primarily engaged in the acquisition, management, and development of multifamily apartment communities across the United States. The company's real estate portfolio consists primarily of apartment properties throughout the Sun Belt. Houston, Dallas, Las Vegas, and Atlanta represent some of Camden's largest housing markets in terms of apartment units. The firm derives nearly all of its revenue from the leasing of properties to tenants through short-term agreements. Camden Property derives the majority of its revenue from the Washington D.C., Los Angeles, Houston, Atlanta, and southeastern Florida areas.

Camden Prop Trust trades on the NYSE stock market under the symbol CPT.

As of April 17, 2024, CPT stock price climbed to $95.32 with 787,988 million shares trading.

CPT has a beta of 1.02, meaning it tends to be more sensitive to market movements. CPT has a correlation of 0.26 to the broad based SPY ETF.

CPT has a market cap of $10.18 billion. This is considered a Large Cap stock.

In the last 3 years, CPT stock traded as high as $180.37 and as low as $82.81.

The top ETF exchange traded funds that CPT belongs to (by Net Assets): VNQ, VTI, VB, VOO, VBR.

CPT has underperformed the market in the last year with a return of -4.0%, while the SPY ETF gained +23.0%. In the last 3 month period, CPT fell short of the market, returning -3.2%, while SPY returned +5.7%. However, in the most recent 2 weeks CPT has outperformed the stock market by returning -0.3%, while SPY returned -3.5%.

CPT support price is $93.53 and resistance is $96.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CPT stock will trade within this expected range on the day.