At the time of writing, Camden Property Trust [CPT] stock is trading at $102.13, up 5.70%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CPT shares have gain 5.92% over the last week, with a monthly amount glided 3.43%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, Camden Property Trust Named One of Fortune’s 100 Best Companies to Work For®. In a post published today on Yahoo Finance, Camden Property Trust (NYSE:CPT) (the “Company”) announced today that it has been ranked 24th on Fortune’s 27th annual 100 Best Companies to Work For list. The full list and related stories will appear in the April/May issue of Fortune and can be accessed online now here.
From an analyst’s perspective:
Previously, Barclays downgraded its rating to Equal Weight on February 20, 2024, and dropped its price target to $100. On January 30, 2024, Deutsche Bank initiated with a Hold rating and assigned a price target of $90 on the stock. BMO Capital Markets downgraded its rating to a Market Perform but stick to its price target of $100 on December 15, 2023. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $95 as its price target on December 12, 2023. UBS downgraded its rating to Neutral for this stock on November 06, 2023, and downed its price target to $94. In a note dated October 31, 2023, Piper Sandler downgraded an Underweight rating on this stock and revised its target price from $126 to $80.
For the past year, the stock price of Camden Property Trust fluctuated between $82.40 and $112.90. Currently, Wall Street analysts expect the stock to reach $148.43 within the next 12 months. Camden Property Trust [NYSE: CPT] shares were valued at $102.13 at the most recent close of the market. An investor can expect a potential return of 45.33% based on the average CPT price forecast.
Analyzing the CPT fundamentals
According to Camden Property Trust [NYSE:CPT], the company’s sales were 1.55B for trailing twelve months, which represents an 3.71% jump. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.85.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 98.79 points at the first support level, and at 95.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.91, and for the 2nd resistance point, it is at 105.69.
Camden Property Trust [CPT] reported earnings per share of $2.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.39/share, meaning a difference of $1.64 and a surprise factor of 420.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.44 per share as compared to estimates of $0.42 per share, a difference of $0.02 representing a surprise of 4.80%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.07, the price to book ratio is 2.37 and price to earnings (TTM) ratio is 27.65.
Transactions by insiders
Recent insider trading involved CAMPO RICHARD J, Chairman and CEO, that happened on Jan 04 ’24 when 38336.0 shares were sold. EVP – Finance & CFO, Jessett Alexander J. completed a deal on Jan 04 ’24 to sell 9803.0 shares. Meanwhile, EVP – Real Estate Investments Sengelmann William W. sold 6493.0 shares on Jan 04 ’24.
