20-May-2024
Real estate stocks continue to surge as soft inflation reports fuel rate cut hopes
Seeking Alpha News (Sat, 18-May 12:00 PM ET)
Camden Property Trust Announces First Quarter 2024 Operating Results
Business Wire (Thu, 2-May 4:15 PM ET)
Camden Property Trust Announces Executive Changes
Business Wire (Wed, 17-Apr 4:30 PM ET)
Camden Property Trust Named One of Fortune's 100 Best Companies to Work For
Business Wire (Thu, 4-Apr 4:30 PM ET)
Camden Property Trust Announces First Quarter 2024 Earnings Release and Conference Call Dates
Business Wire (Thu, 4-Apr 4:15 PM ET)
Business Wire (Fri, 1-Mar 6:31 PM ET)
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 May 20, 2024, CPT stock price declined to $105.57 with 1,252,596 million shares trading.
CPT has a beta of 1.00, meaning it tends to be more sensitive to market movements. CPT has a correlation of 0.27 to the broad based SPY ETF.
CPT has a market cap of $11.27 billion. This is considered a Large Cap stock.
Last quarter Camden Prop Trust reported $383 million in Revenue and $1.70 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.04.
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 price return of +2.9% while the SPY ETF gained +28.2%. However, in the short term, CPT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.8% vs +7.0% return in SPY. But in the last 2 weeks, CPT shares have been beat by the market, returning -0.4% compared to an SPY return of +2.6%.
CPT support price is $105.15 and resistance is $107.85 (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.