Camden Property Reaches New 52-Week High (CPT)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Camden Property (NYSE: CPT) hit a new 52-week high Friday as it is currently trading at $72, above its previous 52-week high of $71.99 with 740,996 shares traded as of 3:10 p.m. ET. Average volume has been 539,600 shares over the past 30 days.

Camden Property has a market cap of $6.1 billion and is part of the financial sector and real estate industry. Shares are up 3.9% year to date as of the close of trading on Thursday.

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 36.9, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Camden Property as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year, compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Camden Property Ratings Report.

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