On Tuesday, Camden Property Trust (NYSE: CPT) opened lower -1.08% from the last session, before settling in for the closing price of $118.70. Price fluctuations for CPT have ranged from $82.40 to $127.69 over the past 52 weeks.
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A company in the Real Estate sector has jumped its sales by 10.13% annually for the last half of the decade. Company’s average yearly earnings per share was noted -49.29% at the time writing. With a float of $105.07 million, this company’s outstanding shares have now reached $115.64 million.
In an organization with 1640 employees, it is important to assess its efficiency. 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) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the REIT – Residential industry is another important factor to consider. The insider ownership of Camden Property Trust is 1.46%, while institutional ownership is 98.26%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.44 earnings per share (EPS) for the quarter, besting the agreed prediction (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 -49.29% 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
Check out the current performance indicators for Camden Property Trust (CPT). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.04. Likewise, its price to free cash flow for the trailing twelve months is 34.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.64, a number that is poised to hit 0.36 in the next quarter and is forecasted to reach 1.53 in one year’s time.
Technical Analysis of Camden Property Trust (CPT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.81 million. That was inferior than the volume of 0.98 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 21.63%. Additionally, its Average True Range was 2.07.
During the past 100 days, Camden Property Trust’s (CPT) raw stochastic average was set at 53.55%, which indicates a significant increase from 7.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.43% in the past 14 days, which was higher than the 16.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $122.26, while its 200-day Moving Average is $108.04. However, in the short run, Camden Property Trust’s stock first resistance to watch stands at $118.53. Second resistance stands at $119.65. The third major resistance level sits at $120.38. If the price goes on to break the first support level at $116.68, it is likely to go to the next support level at $115.95. The third support level lies at $114.83 if the price breaches the second support level.
Camden Property Trust (NYSE: CPT) Key Stats
There are currently 106,635K shares outstanding in the company with a market cap of 12.52 billion. Presently, the company’s annual sales total 1,542 M according to its annual income of 403,310 K. Last quarter, the company’s sales amounted to 387,150 K and its income totaled 42,920 K.
