Shares of Camden Property Trust (NYSE:CPT) traded today at $143.82, eclipsing its 52-week high. So far today approximately 194,000 shares have been exchanged, as compared to an average 30-day volume of 707,000 shares.
There is potential upside of 3.3% for shares of Camden Property Trust based on a current price of $143.56 and an average consensus analyst price target of $148.30.
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.
In the past 52 weeks, shares of Camden Property Trust have traded between a low of $85.74 and a high of $143.82 and is now at $143.56, which is 67% above that low price.
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