Camden Property Trust (CPT) Sets All Time High; Strong Momentum for Holders

August 24, 2017 - By Marie Mckinney

Investors sentiment increased to 1.24 in 2016 Q4. Its up 0.25, from 0.99 in 2016Q3. It improved, as 17 investors sold Camden Property Trust shares while 108 reduced holdings. 47 funds opened positions while 108 raised stakes. 84.01 million shares or 9.97% less from 93.32 million shares in 2016Q3 were reported.
Schroder Invest Mngmt owns 0% invested in Camden Property Trust (NYSE:CPT) for 17,505 shares. Pioneer Inv Management reported 218,974 shares stake. The Michigan-based Ls Limited Liability Company has invested 0.06% in Camden Property Trust (NYSE:CPT). Teachers Ins And Annuity Association Of America accumulated 0.26% or 91,727 shares. State Street Corp accumulated 4.42M shares. Credit Suisse Ag owns 514,403 shares. Davis Selected Advisers holds 141,381 shares or 0.05% of its portfolio. United Automobile Association has 4,044 shares for 0% of their portfolio. 26,297 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). Deutsche Bancorporation Ag reported 1.59 million shares. 215,216 are held by New York State Common Retirement Fund. Goldman Sachs Group Incorporated owns 909,803 shares. 1,000 are owned by Department Mb State Bank N A. Eaton Vance Mgmt holds 12,545 shares. Axa holds 0% of its portfolio in Camden Property Trust (NYSE:CPT) for 2,827 shares.

Since February 27, 2017, it had 0 buys, and 3 insider sales for $1.62 million activity. Sengelmann William W. also sold $1.37 million worth of Camden Property Trust (NYSE:CPT) shares. PAULSEN WILLIAM F also sold $194,141 worth of Camden Property Trust (NYSE:CPT) on Tuesday, June 13. PARKER F GARDNER sold $60,043 worth of stock.

The stock of Camden Property Trust (NYSE:CPT) reached all time high today, Aug, 24 and still has $95.41 target or 5.00 % above today’s $90.87 share price. This indicates more upside for the $7.97B company. This technical setup was reported by Barchart.com. If the $95.41 PT is reached, the company will be worth $398.50 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 72,991 shares traded. Camden Property Trust (NYSE:CPT) has risen 3.41% since August 24, 2016 and is uptrending. It has underperformed by 13.29% the S&P500.

Camden Property Trust (NYSE:CPT) Ratings Coverage

Among 19 analysts covering Camden Property (NYSE:CPT), 9 have Buy rating, 1 Sell and 9 Hold. Therefore 47% are positive. Camden Property had 48 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, September 18 by DA Davidson. The company was upgraded on Thursday, January 5 by Mitsubishi UFJ. The stock of Camden Property Trust (NYSE:CPT) earned “Buy” rating by Mizuho on Monday, March 21. The rating was upgraded by KeyBanc Capital Markets on Tuesday, June 13 to “Overweight”. The stock of Camden Property Trust (NYSE:CPT) has “Equal Weight” rating given on Monday, January 23 by Barclays Capital. Goldman Sachs upgraded Camden Property Trust (NYSE:CPT) rating on Friday, March 10. Goldman Sachs has “Buy” rating and $94 target. Bank of America upgraded Camden Property Trust (NYSE:CPT) on Wednesday, November 23 to “Buy” rating. BMO Capital Markets downgraded the shares of CPT in report on Friday, October 30 to “Underperform” rating. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Friday, December 16. The firm earned “Overweight” rating on Friday, August 12 by Barclays Capital.

More notable recent Camden Property Trust (NYSE:CPT) news were published by: Nasdaq.com which released: “Camden Property Trust Q2 Earnings Decline 1%” on July 27, 2017, also Businesswire.com with their article: “Camden Property Trust Announces Second Quarter 2017 Operating Results” published on July 27, 2017, Gurufocus.com published: “Camden Property Trust (CPT) Chairman and CEO Richard J Campo Sold $7.7 million …” on August 10, 2017. More interesting news about Camden Property Trust (NYSE:CPT) were released by: Bizjournals.com and their article: “2017 Best Places to Work: Camden Property Trust” published on July 07, 2017 as well as Seekingalpha.com‘s news article titled: “Camden Property’s (CPT) CEO Ric Campo on Q2 2017 Results – Earnings Call …” with publication date: July 29, 2017.

Camden Property Trust is a real estate investment trust . The company has market cap of $7.97 billion. The Firm is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. It has a 20.28 P/E ratio. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

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