NEW YORK ( TheStreet) -- Camden Property (NYSE: CPT) hit a new 52-week high Wednesday as it traded at $56.46 compared with its previous 52-Week high of $56.42. Camden Property is changing hands at $56.46 with 50,447 shares traded as of 10 a.m. ET. Average volume has been 553,700 shares over the past 30 days. Camden Property has a market cap of $3.9 billion and is part of the financial sector and real estate industry. Shares are up 3.3% year to date as of the close of trading on Tuesday.

Camden Property Trust operates as a real estate investment trust (REIT) in the United States. It engages in the ownership, development, construction, and management of middle- to upper-market multifamily communities. The company has a P/E ratio of 400.9, above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Camden Property as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Camden Property Ratings Report.

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