Shares of Camden Property Trust (NYSE:CPT) traded at a new 52-week high today of $162.99. This new high was reached on below average trading volume as 110,000 shares traded hands, while the average 30-day volume is approximately 546,000 shares.
Camden Property Trust share prices have moved between a 52-week high of $162.99 and a 52-week low of $86.78 and are now trading 87% above that low price at $162.67 per share.
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.
Based on a current price of $162.67, Camden Property Trust is currently 2.7% above its average consensus analyst price target of $158.22.
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