Camden Property Trust (NYSE:CPT) does about 901.23K shares in volume on a normal day but saw 633523 shares change hands in Tuesday trading. The company now has a market cap of 12.30B USD. Its current market price is $116.83, marking an increase of 0.50% compared to the previous close of $116.25. The 52 week high reached by this stock is $180.37 whilst the lowest price level in 52 weeks is $107.90. The script in recent trading has seen the stock touch a high of $117.11 and a low of $115.77.
Camden Property Trust (CPT) has a 20-day trading average at $113.59 and the current price is -35.23% off the 52-week high compared with 8.28% distance from its 52-week low. The 50-day simple moving average of the closing price is $116.61 and its 200-day simple moving average is $140.47. If we look at the stock’s price movements over the week, volatility stands at 1.71%, which increases to 2.58% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.63 to suggest the stock is neutral.
The consensus objective for the share price is $142.80, suggesting that the stock has a potential upside of 18.19% over the period. The median price target is 14.72% away from the current levels at $137.00.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 17, 2022 when Goldman downgraded the stock to “Neutral” and issued a price target of between $172 and $158. BofA Securities upgraded its price target at $160-$178.
The current price level is 2.85%, -0.07%, and -16.96% away from its SMA20, SMA50, and SMA200 respectively, with the CPT price moving above the 50-day SMA on November 22. Camden Property Trust (CPT) stock is up 1.92% over the week and 3.39% over the past month. Its price is -34.61% year-to-date and -29.82% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.27 below consensus estimates by -$0.08. The company’s next earnings report is expected on 02/02/2023, with forecasts estimating quarterly EPS at $0.33 and $5.93 for whole year. CPT’s earnings per share are forecast to grow by 370.60% this year and -74.70% over next year. Expected sales for next quarter are $382.08 million, which analysts say will come at $1.42 billion for the current fiscal year and next year at $1.56 billion. In addition, estimates put the company’s current quarterly revenue at an average of $375.57 million.
Its 12-month price target is $137.00. To reach the target analysts have set, the stock logically needs to grow 18.19 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $119.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $208.00.
Outstanding shares total 108.47M with insiders holding 0.99% of the shares and institutional holders owning 99.30% of the company’s common stock. The company has a return on investment of 1.70% and return on equity of 14.80%. The price to earnings ratio (P/E ratio) amounts to 15.38 while the forward price to earnings ratio is 78.09. The beta has a value of 0.75. Price to book ratio is 2.52 and price to sales ratio is 9.10.
According to a U.S. Securities and Exchange Commission filing, Vanguard Real Estate Index Fund has reduced its position in Camden Property Trust (CPT) to 4,586,737 shares, mirroring a recent drop by -0.41%. Vanguard Real Estate Index Fund dumped 18677.0 shares of Camden Property Trust common stock bringing its total worth to about $530.0 million at the end of recent close, SEC documents show. Vanguard Real Estate Index Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 6975.0 shares to end up with 3,182,060 shares worth $367.69 million. Vanguard Mid Cap Index Fund raise their holdings by 1.31% in the company over the course of the most recent quarter. It now holds a 2.34% position in Camden Property Trust thanks to 2.49 million shares amounting to $287.54 million.