In the past week, CPT stock has gone up by 7.69%, with a monthly gain of 3.11% and a quarterly surge of 2.46%. The volatility ratio for the week is 2.99%, and the volatility levels for the last 30 days are 1.95% for Camden Property Trust The simple moving average for the last 20 days is 3.26% for CPT stock, with a simple moving average of 12.54% for the last 200 days.
Is It Worth Investing in Camden Property Trust (NYSE: CPT) Right Now?
Camden Property Trust (NYSE: CPT) has a price-to-earnings ratio that is above its average at 38.79x. The stock has a 36-month beta value of 0.92. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 4 as “overweight,” 11 as “hold,” and 1 as “sell.”
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The public float for CPT is 105.12M, and at present, short sellers hold a 1.90% of that float. On November 08, 2024, the average trading volume of CPT was 981.41K shares.
CPT) stock’s latest price update
Camden Property Trust (NYSE: CPT)’s stock price has plunge by 3.28relation to previous closing price of 118.59. Nevertheless, the company has seen a 7.69% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-06 that The market is experiencing volatility due to rising ten-year treasury yields and election uncertainties, impacting sectors like REITs, especially net lease and multifamily REITs. CPT is a leading multifamily REIT with a strong portfolio and a conservative capital structure. Multifamily market fundamentals are improving with strong demand, rent growth, and reduced new construction, benefiting CPT despite recent stock price declines.
Analysts’ Opinion of CPT
Many brokerage firms have already submitted their reports for CPT stocks, with Jefferies repeating the rating for CPT by listing it as a “Hold.” The predicted price for CPT in the upcoming period, according to Jefferies is $123 based on the research report published on October 11, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see CPT reach a price target of $129. The rating they have provided for CPT stocks is “Neutral” according to the report published on September 11th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to CPT, setting the target price at $122 in the report published on September 09th of the current year.
CPT Trading at 0.84% 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 -4.08% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares surge +2.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.52% lower at present.
During the last 5 trading sessions, CPT rose by +7.33%, which changed the moving average for the period of 200-days by +27.34% in comparison to the 20-day moving average, which settled at $118.59. In addition, Camden Property Trust saw 23.36% in overturn over a single year, with a tendency to cut further gains.
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:
- 0.13 for the present operating margin
- 0.33 for the gross margin
The net margin for Camden Property Trust stands at 0.19. The total capital return value is set at 0.03. Equity return is now at value 7.17, with 3.79 for asset returns.
Based on Camden Property Trust (CPT), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.73. The interest coverage ratio of the stock is 2.35.
Currently, EBITDA for the company is 899.51 million with net debt to EBITDA at 4.21. When we switch over and look at the enterprise to sales, we see a ratio of 9.31. The receivables turnover for the company is 196.83for trailing twelve months and the total asset turnover is 0.21.
Conclusion
To sum up, Camden Property Trust (CPT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
