Camden Property Trust (NYSE: CPT) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Camden Property Trust Announces Participation in Citi’s 2024 Global Property CEO Conference and Provides First Quarter 2024 Operating Update.

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Stocks Info

Camden Property Trust is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Residential industry. At the end of the last regular session, the stock closed at $95.80 and fluctuated between $95.87 as its day high and $93.03 as its day low. The current market capitalization of Camden Property Trust is $10.25B. A total of 0.89 million shares were traded on the day, compared to an average of 1.13M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CPT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 8 BUYs and 5 SELLs from insiders. Insiders purchased 16,656 shares during that period but sold 10,992.

In the most recent transaction, CAMPO RICHARD J sold 38,336 shares of CPT for 98.22 per share on Jan 04. After the transaction, the Chairman and CEO now owns 267,132 company shares. In a previous transaction on Jan 04, Jessett Alexander J. sold 9,803 shares at 98.21 per share. CPT shares that EVP – Finance & CFO owns now total 114,893.

Among the insiders who sold shares, Sengelmann William W. disposed of 6,493 shares on Jan 04 at a per-share price of $98.21. This resulted in the EVP – Real Estate Investments holding 75,082 shares of CPT after the transaction. In another insider transaction, Brunner Heather J. sold 1,325 shares at $98.21 per share on Jan 04. Company shares held by the Director now total 10,230.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Camden Property Trust pays an annual dividend of $4.00, resulting in a dividend yield of 4.18%, and it has a price to earnings (P/E) ratio of 25.93. CPT’s most recent ex-dividend date was 3/27/2024 when it declared a $1.03 quarterly dividend that was paid in cash on 4/17/2024. Previously, the company paid the dividend on 1/17/2024 with an ex-dividend date of 12/14/2023. The CPT stock dividend was $1.00 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, CPT has a high of $115.58 and a low of $82.40.

As of this writing, CPT has an earnings estimate of $0.39 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.45 per share and a lower estimate of $0.36. The company reported an EPS of $0.44 in the last quarter, which was 4.80% higher than expectations of $0.42.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CPT’s latest balance sheet shows that the firm has $613.39M in Cash & Short Term Investments as of fiscal 2021. There were $3.17B in debt and $347.11M in liabilities at the time. Its Book Value Per Share was -$2.77, while its Total Shareholder’s Equity was $4.27B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CPT is Buy with a score of 3.48.

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