Camden Property (NYSE:CPT) hit a new 52-week high Friday as it is currently trading at $72.99, above its previous 52-week high of $72.98 with 104,156 shares traded as of 10:25 a.m. ET. Average volume has been 553,300 shares over the past 30 days.
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 $72.99, above its previous 52-week high of $72.98 with 104,156 shares traded as of 10:25 a.m. ET. Average volume has been 553,300 shares over the past 30 days. Camden Property has a market cap of $6.32 billion and is part of the financial sector and real estate industry. Shares are up 6% 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 38.3, 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, compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Camden Property Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.