Stock Market Recap: Camden Property Trust (CPT) Concludes at 122.32, a -0.23 Surge/Decline

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After finishing at $122.60 in the prior trading day, Camden Property Trust (NYSE: CPT) closed at $122.32, down -0.23%. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 0.78 million shares were traded. CPT stock price reached its highest trading level at $122.37 during the session, while it also had its lowest trading level at $120.8101.

Ratios:

Our goal is to gain a better understanding of CPT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 128.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.82. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.67.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Exane BNP Paribas on September 11, 2024, initiated with a Neutral rating and assigned the stock a target price of $129.

On September 09, 2024, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform but kept the price unchanged to $122.

On September 04, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $139.Goldman initiated its Neutral rating on September 04, 2024, with a $139 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 04 ’24 when CAMPO RICHARD J sold 38,336 shares for $98.22 per share. The transaction valued at 3,765,426 led to the insider holds 267,132 shares of the business.

Jessett Alexander J. sold 9,803 shares of CPT for $962,733 on Jan 04 ’24. The EVP – Finance & CFO now owns 114,893 shares after completing the transaction at $98.21 per share. On Jan 04 ’24, another insider, Brunner Heather J., who serves as the Director of the company, sold 1,325 shares for $98.21 each. As a result, the insider received 130,126 and left with 10,230 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CPT now has a Market Capitalization of 13073439744 and an Enterprise Value of 16578549760. As of this moment, Camden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.63, and their Forward P/E ratio for the next fiscal year is 80.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.38 while its Price-to-Book (P/B) ratio in mrq is 2.91. Its current Enterprise Value per Revenue stands at 10.638 whereas that against EBITDA is 18.41.

Stock Price History:

Over the past 52 weeks, CPT has reached a high of $127.69, while it has fallen to a 52-week low of $82.40. The 50-Day Moving Average of the stock is 1.20%, while the 200-Day Moving Average is calculated to be 15.45%.

Shares Statistics:

The stock has traded on average 981.58K shares per day over the past 3-months and 1029270 shares per day over the last 10 days, according to various share statistics. A total of 115.64M shares are outstanding, with a floating share count of 105.07M. Insiders hold about 1.46% of the company’s shares, while institutions hold 98.19% stake in the company. Shares short for CPT as of 1726185600 were 1808749 with a Short Ratio of 1.84, compared to 1723680000 on 1782642. Therefore, it implies a Short% of Shares Outstanding of 1808749 and a Short% of Float of 2.4.

Dividends & Splits

In the trailing 12 months, CPT’s forward annual dividend rate was 4.06, compared to 4.09 this year. Against a Trailing Annual Dividend Yield of 0.033115823The stock’s 5-year Average Dividend Yield is 3.19.

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