Let’s look at the key reasons that are pushing Camden Property Trust (CPT) to new highs

On Friday, Camden Property Trust (NYSE: CPT) was 1.20% up from the session before settling in for the closing price of $119.31. A 52-week range for CPT has been $82.40 – $127.69.

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During the last 5-year period, the sales growth of Real Estate Sector giant was 10.13%. When this article was written, the company’s average yearly earnings per share was at -49.93%. With a float of $105.07 million, this company’s outstanding shares have now reached $115.64 million.

Let’s determine the extent of company efficiency that accounts for 1640 employees. In terms of profitability, gross margin is 34.0%, operating margin of 18.22%, and the pretax margin is 26.22%.

Camden Property Trust (CPT) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Camden Property Trust stocks. The insider ownership of Camden Property Trust is 1.46%, while institutional ownership is 98.16%. The most recent insider transaction that took place on Jan 04 ’24, was worth 3,765,426. In this transaction Chairman and CEO of this company sold 38,336 shares at a rate of $98.22, taking the stock ownership to the 267,132 shares. Before that another transaction happened on Jan 04 ’24, when Company’s EVP – Finance & CFO sold 9,803 for $98.21, making the entire transaction worth $962,733. This insider now owns 114,893 shares in total.

Camden Property Trust (CPT) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.44 earnings per share (EPS) during the time that was better than consensus figure (set at 0.42) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -49.93% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.74% during the next five years compared to 17.88% growth over the previous five years of trading.

Camden Property Trust (NYSE: CPT) Trading Performance Indicators

You can see what Camden Property Trust (CPT) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.27. Likewise, its price to free cash flow for the trailing twelve months is 35.36.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.64, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.51 in one year’s time.

Technical Analysis of Camden Property Trust (CPT)

Looking closely at Camden Property Trust (NYSE: CPT), its last 5-days average volume was 0.83 million, which is a drop from its year-to-date volume of 0.99 million. As of the previous 9 days, the stock’s Stochastic %D was 61.33%. Additionally, its Average True Range was 1.94.

During the past 100 days, Camden Property Trust’s (CPT) raw stochastic average was set at 76.32%, which indicates a significant increase from 41.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.45% in the past 14 days, which was lower than the 17.14% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $122.35, while its 200-day Moving Average is $107.33. However, in the short run, Camden Property Trust’s stock first resistance to watch stands at $121.35. Second resistance stands at $121.97. The third major resistance level sits at $122.86. If the price goes on to break the first support level at $119.84, it is likely to go to the next support level at $118.95. Now, if the price goes above the second support level, the third support stands at $118.33.

Camden Property Trust (NYSE: CPT) Key Stats

There are 106,535K outstanding shares of the company, which has a market capitalization of 12.88 billion. As of now, sales total 1,542 M while income totals 403,310 K. Its latest quarter income was 387,150 K while its last quarter net income were 42,920 K.