Camden Property Trust (NYSE:CPT) traded today at a new 52-week high of $143.04. Approximately 96,000 shares have changed hands today, as compared to an average 30-day volume of 784,000 shares.
Camden Property Trust (NYSE:CPT) has potential upside of 4.9% based on a current price of $141.32 and analysts’ consensus price target of $148.30.
Camden Property Trust share prices have moved between a 52-week high of $143.04 and a 52-week low of $85.74 and are now trading 65% above that low price at $141.32 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.
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