Shares of Camden Property Trust (NYSE:CPT) traded today at $142.49, eclipsing its 52-week high. This new high was reached on below average trading volume as 67,000 shares traded hands, while the average 30-day volume is approximately 799,000 shares.
Camden Property Trust is a real estate investment trust primarily engaged in the acquisition, management, and development of multifamily apartment communities across the United States. The company’s real estate portfolio consists primarily of apartment properties throughout the Sun Belt. Houston, Dallas, Las Vegas, and Atlanta represent some of Camden’s largest housing markets in terms of apartment units. The firm derives nearly all of its revenue from the leasing of properties to tenants through short-term agreements. Camden Property derives the majority of its revenue from the Washington D.C., Los Angeles, Houston, Atlanta, and southeastern Florida areas.
Camden Property Trust share prices have moved between a 52-week high of $142.49 and a 52-week low of $85.74 and are now trading 66% above that low price at $142.32 per share.
Camden Property Trust has overhead space with shares priced $142.32, or 4.0% below the average consensus analyst price target of $148.30.
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