The stock price of Camden Property Trust (NYSE: CPT) has dropped by -1.13 compared to previous close of 99.68. Despite this, the company has seen a fall of -0.31% in its stock price over the last five trading days. The Motley Fool reported 2024-04-30 that VICI Properties has grown its high-yielding dividend at a 7.6% compound annual rate over the last several years. This year marked Brookfield Infrastructure’s 15th straight year of increasing its dividend.
Is It Worth Investing in Camden Property Trust (NYSE: CPT) Right Now?
Camden Property Trust (NYSE: CPT) has a price-to-earnings ratio of 26.68x that is above its average ratio. Additionally, the 36-month beta value for CPT is 0.83. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 11 rating it as “hold,” and 1 rating it as “sell.”
The public float for CPT is 104.94M and currently, short sellers hold a 2.76% ratio of that float. The average trading volume of CPT on May 02, 2024 was 1.12M shares.
CPT’s Market Performance
CPT’s stock has seen a -0.31% decrease for the week, with a 3.03% rise in the past month and a 5.02% gain in the past quarter. The volatility ratio for the week is 1.65%, and the volatility levels for the past 30 days are at 2.01% for Camden Property Trust. The simple moving average for the past 20 days is 0.32% for CPT’s stock, with a 0.98% simple moving average for the past 200 days.
Analysts’ Opinion of CPT
Many brokerage firms have already submitted their reports for CPT stocks, with Goldman repeating the rating for CPT by listing it as a “Buy.” The predicted price for CPT in the upcoming period, according to Goldman is $112 based on the research report published on February 22, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see CPT reach a price target of $100, previously predicting the price at $138. The rating they have provided for CPT stocks is “Equal Weight” according to the report published on February 20th, 2024.
Deutsche Bank gave a rating of “Hold” to CPT, setting the target price at $90 in the report published on January 30th of the current year.
CPT Trading at 1.15% from the 50-Day Moving Average
After a stumble in the market that brought CPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.71% of loss for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares surge +2.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.30% upper at present.
During the last 5 trading sessions, CPT fell by -0.31%, which changed the moving average for the period of 200-days by -11.02% in comparison to the 20-day moving average, which settled at $98.37. In addition, Camden Property Trust saw -0.75% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CPT starting from CAMPO RICHARD J, who sale 38,336 shares at the price of $98.22 back on Jan 04 ’24. After this action, CAMPO RICHARD J now owns 267,132 shares of Camden Property Trust, valued at $3,765,426 using the latest closing price.
Jessett Alexander J., the EVP – Finance & CFO of Camden Property Trust, sale 9,803 shares at $98.21 during a trade that took place back on Jan 04 ’24, which means that Jessett Alexander J. is holding 114,893 shares at $962,733 based on the most recent closing price.
Stock Fundamentals for CPT
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.53 for the gross margin
The net margin for Camden Property Trust stands at 0.26. The total capital return value is set at 0.03. Equity return is now at value 8.08, with 4.30 for asset returns.
Based on Camden Property Trust (CPT), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is 2.23.
Currently, EBITDA for the company is 899.51 million with net debt to EBITDA at 3.83. When we switch over and look at the enterprise to sales, we see a ratio of 9.06. The receivables turnover for the company is 129.65for trailing twelve months and the total asset turnover is 0.16.
Conclusion
In conclusion, Camden Property Trust (CPT) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
