Shares of Camden Property Trust (NYSE:CPT) traded at a new 52-week high today of $175.45. So far today approximately 102,000 shares have been exchanged, as compared to an average 30-day volume of 641,000 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 (NYSE:CPT) has potential upside of 3.3% based on a current price of $175.32 and analysts’ consensus price target of $181.04.
In the past 52 weeks, shares of Camden Property Trust have traded between a low of $94.59 and a high of $175.45 and is now at $175.32, which is 85% above that low price.
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