Camden Property Stock Falls On Unusually High Volume (CPT)

NEW YORK ( TheStreet) -- Camden Property (NYSE: CPT) is trading at unusually high volume Thursday with 2.7 million shares changing hands. It is currently at four times its average daily volume and trading down $1.59 (-2.6%) at $59.61 as of 10:30 a.m. ET.

Camden Property has a market cap of $4.38 billion and is part of the financial sector and real estate industry. Shares are down 1.7% year to date as of the close of trading on Wednesday.

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 54.9, below the average real estate industry P/E ratio of 227.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Camden Property as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. 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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