Houston, Texas-based Camden Property Trust (CPT) is a real estate company that primarily owns, manages, develops, redevelops, acquires, and constructs multifamily apartment communities. Valued at a market cap of $12.4 billion, the company focuses on high-growth markets, including cities in the Sunbelt region such as Austin, Dallas, Tampa, Phoenix, and Charlotte.
This residential REIT has lagged behind the broader market over the past 52 weeks. Shares of CPT have gained 8.3% over this time frame, while the broader S&P 500 Index ($SPX) has surged 12.3%. Moreover, on a YTD basis, the stock is down marginally, compared to SPX’s slight uptick.
