Camden Property traded at $107.30 this Monday February 2nd, decreasing $1.75 or 1.60 percent since the previous trading session. Looking back, over the last four weeks, Camden Property lost 1.65 percent. Over the last 12 months, its price fell by 5.46 percent. Looking ahead, we forecast Camden Property to be priced at 105.69 by the end of this quarter and at 96.22 in one year, according to Trading Economics global macro models projections and analysts expectations.
Camden Property Trust (Camden) is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates approximately 170 properties containing over 57,979 apartment homes across the United States. It has eight properties under development, which consists approximately 2,608 apartment homes. The Company's properties consist of mid-rise buildings or two- and three-story buildings in a landscaped setting and provide residents with a range of amenities common to multifamily rental properties. Camden also owns land holdings to develop into multifamily apartment communities. The Company's properties are located at Arizona, California, Colorado, Florida, Georgia, North Carolina, Washington District of Columbia (DC) Metro and Texas, among others.