Camden Property Stock Hits New 52-Week High (CPT)

NEW YORK ( TheStreet) -- Camden Property (NYSE: CPT) hit a new 52-week high Thursday as it is currently trading at $69.56, above its previous 52-week high of $69.48 with 176,533 shares traded as of 12:45 p.m. ET. Average volume has been 600,600 shares over the past 30 days.

Camden Property has a market cap of $5.49 billion and is part of the financial sector and real estate industry. Shares are up 9.9% year to date as of the close of trading on Wednesday.

Camden Property Trust is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It is engaged in the ownership, development, acquisition, management, and disposition of multifamily residential apartment communities. The company has a P/E ratio of 76.9, above the average real estate industry P/E ratio of 42 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Camden Property as a buy. 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, revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Camden Property Ratings Report.

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