Business Wire] Camden Property Trust (NYSE:CPT)(TREND ANALYSIS) announced that it has been ranked #9 on FORTUNE Magazine’s 19th annual “100 Best Companies to Work For” list. This marks the ninth consecutive year that Camden has been included on FORTUNE’s list. The full list and related stories will be published in a special March 15th double issue available on newsstands March 7th, and can be accessed online now at http://fortune.com/best-companies/.
“We are honored to be recognized for the ninth consecutive year as one of the best workplaces in America,” said Keith Oden, President of Camden Property Trust. “Our inclusion on this list is a tribute to the hard work and dedication of our nearly 1,800 Camden associates.” Camden was selected among hundreds of companies vying for a place on the list this year. Applicant companies opt to participate in the selection process, which includes an employee survey and an in-depth questionnaire about their programs and company practices. Great Place to Work® then evaluates each application using its unique methodology based on five dimensions: credibility, respect, fairness, pride and camaraderie.
Stock Performance: Click here for a free comprehensive Trend Analysis Report
Camden Property Trust (NYSE:CPT) stock is currently trading 0.33% below its 52-week-high, 24.13% above its 52-week-low. The 1-year stock price history is in the range of $67.27 – $83.78. Camden Property Trust (CPT) has a price to earnings ratio of 30.25 versus Financial sector average of 15.9. CPT stock price has outperformed the S&P 500 by 7.7%. The Residential REIT company is currently valued at $7.26 billion, and its share price closed the last trading session at $83.5. The stock has a 50-day moving average of $77.34 and a 200-day moving average of $75.77.
Camden Property Trust (CPT) current short interest stands at 4.3 million shares. It has increased by 2% from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.69 million shares, the number of days required to cover the short positions stand at 6.3 days.
CPT is forecasted to report earnings per share of $1.19 and a revenue of $231.77 million for the 1st Quarter of the fiscal year 2016. Camden Property Trust (CPT) expects to post results on April 28. The Residential REIT company announced last quarter earnings per share of $1.20 against a consensus Street estimate of $1.19, beating the average estimate by $0.01. The company posted a revenue of $229.7 million compared to an estimation of $228.8 million.
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There are currently twenty-four analysts that cover Camden Property Trust stock. Of those twenty-four, ten have a Buy rating, twelve have a Hold rating and two have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $83.09.
A recent analyst activity consisted of Mizuho Securities upgrading their Neutral rating to Buy on March 21. On the date of report, the stock closed at $81.73.
JP Morgan reiterated their Neutral stance on March 2, and increased their price target on CPT stock from $83 to $85. This corresponds to a 1.8% upside from the last closing price. On the date of report, the stock closed at $78.43.
Another research firm was Credit Suisse who reiterated their Neutral stance on January 29. Credit Suisse increased their price target on Camden Property Trust from $73.72 to $84. This translates to a 0.6% upside from the last closing price. On the date of report, the stock closed at $76.3.
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 firms properties principally consist of mid-rise buildings and two-and three-story buildings with various amenities, such as swimming pools and a clubhouse, whirlpool spas, tennis courts, and controlled-access gates. Camden Property Trust was founded on May 25, 1993 and is headquartered in Houston, Texas.
Resource: http://www.streetreport.co
“We are honored to be recognized for the ninth consecutive year as one of the best workplaces in America,” said Keith Oden, President of Camden Property Trust. “Our inclusion on this list is a tribute to the hard work and dedication of our nearly 1,800 Camden associates.” Camden was selected among hundreds of companies vying for a place on the list this year. Applicant companies opt to participate in the selection process, which includes an employee survey and an in-depth questionnaire about their programs and company practices. Great Place to Work® then evaluates each application using its unique methodology based on five dimensions: credibility, respect, fairness, pride and camaraderie.
Stock Performance: Click here for a free comprehensive Trend Analysis Report
Camden Property Trust (NYSE:CPT) stock is currently trading 0.33% below its 52-week-high, 24.13% above its 52-week-low. The 1-year stock price history is in the range of $67.27 – $83.78. Camden Property Trust (CPT) has a price to earnings ratio of 30.25 versus Financial sector average of 15.9. CPT stock price has outperformed the S&P 500 by 7.7%. The Residential REIT company is currently valued at $7.26 billion, and its share price closed the last trading session at $83.5. The stock has a 50-day moving average of $77.34 and a 200-day moving average of $75.77.
Camden Property Trust (CPT) current short interest stands at 4.3 million shares. It has increased by 2% from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.69 million shares, the number of days required to cover the short positions stand at 6.3 days.
CPT is forecasted to report earnings per share of $1.19 and a revenue of $231.77 million for the 1st Quarter of the fiscal year 2016. Camden Property Trust (CPT) expects to post results on April 28. The Residential REIT company announced last quarter earnings per share of $1.20 against a consensus Street estimate of $1.19, beating the average estimate by $0.01. The company posted a revenue of $229.7 million compared to an estimation of $228.8 million.
Is this a Buying Opportunity? Click here for a free Trend Analysis Report
There are currently twenty-four analysts that cover Camden Property Trust stock. Of those twenty-four, ten have a Buy rating, twelve have a Hold rating and two have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $83.09.
A recent analyst activity consisted of Mizuho Securities upgrading their Neutral rating to Buy on March 21. On the date of report, the stock closed at $81.73.
JP Morgan reiterated their Neutral stance on March 2, and increased their price target on CPT stock from $83 to $85. This corresponds to a 1.8% upside from the last closing price. On the date of report, the stock closed at $78.43.
Another research firm was Credit Suisse who reiterated their Neutral stance on January 29. Credit Suisse increased their price target on Camden Property Trust from $73.72 to $84. This translates to a 0.6% upside from the last closing price. On the date of report, the stock closed at $76.3.
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 firms properties principally consist of mid-rise buildings and two-and three-story buildings with various amenities, such as swimming pools and a clubhouse, whirlpool spas, tennis courts, and controlled-access gates. Camden Property Trust was founded on May 25, 1993 and is headquartered in Houston, Texas.
Resource: http://www.streetreport.co
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