Real estate stocks continue on downward trajectory as market's April pullback intensifies
Seeking Alpha News (Sat, 20-Apr 12:00 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)
Business Wire (Thu, 1-Feb 4:15 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 April 23, 2024, CPT stock price climbed to $98.75 with 527,941 million shares trading.
CPT has a beta of 1.00, meaning it tends to be less sensitive to market movements. CPT has a correlation of 0.27 to the broad based SPY ETF.
CPT has a market cap of $10.54 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 price return of -3.8% while the SPY ETF gained +24.3%. CPT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.6% and -3.3%, respectively, while the SPY returned +4.9% and -2.6%, respectively.
CPT support price is $96.55 and resistance is $99.59 (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.