November 28, 2016 - By Darrin Black · 0 Comments
The stock of Camden Property Trust (NYSE:CPT) registered a decrease of 0.15% in short interest. CPT’s total short interest was 3.35 million shares in November as published by FINRA. Its down 0.15% from 3.35 million shares, reported previously. With 558,300 shares average volume, it will take short sellers 6 days to cover their CPT’s short positions. The short interest to Camden Property Trust’s float is 3.91%. About 121,011 shares traded hands. Camden Property Trust (NYSE:CPT) has declined 5.12% since April 25, 2016 and is downtrending. It has underperformed by 11.14% the S&P500.
Camden Property Trust is a real estate investment trust . The company has a market cap of $6.93 billion. The Firm is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. It has a 15.7 P/E ratio. The Firm operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.
Insitutional Activity: The institutional sentiment is 0.99 in 2016 Q2. Its the same as in 2016Q1. The ratio is the same, as 44 funds sold all Camden Property Trust shares owned while 99 reduced positions. only 22 funds bought stakes while 120 increased positions. They now own 91.66 million shares or 6.29% more from 86.24 million shares in 2016Q1.
The Washington-based Fisher Asset Mgmt Ltd Liability has invested 0% in Camden Property Trust (NYSE:CPT). Duff Phelps Investment Management holds 76,573 shares or 0.1% of its portfolio. Blackrock Japan, a Japan-based fund reported 128,118 shares. Blackrock Inv Llc last reported 0.03% of its portfolio in the stock. Metropolitan Life Insurance Com New York owns 86,277 shares or 0.06% of their US portfolio. Congress Asset Management Com Ma has 457,908 shares for 0.93% of their US portfolio. Ubs Asset Mgmt Americas has 319,200 shares for 0.03% of their US portfolio. Moreover, Td Asset Management Incorporated has 0% invested in Camden Property Trust (NYSE:CPT) for 5,593 shares. Royal Comml Bank Of Canada accumulated 0% or 76,353 shares. Dimensional Fund Advsr Ltd Partnership, a Texas-based fund reported 1.12M shares. Grp last reported 168,501 shares in the company. Baltimore has 2.48% invested in the company for 94,105 shares. Moreover, Ledyard Bancorporation has 0% invested in Camden Property Trust (NYSE:CPT) for 268 shares. Strs Ohio last reported 191,103 shares in the company. Ladenburg Thalmann Services Inc has 1,138 shares for 0% of their US portfolio.
Insider Transactions: Since August 2, 2016, the stock had 0 buys, and 6 sales for $6.62 million net activity. 11,122 shares were sold by STEWART H MALCOLM, worth $996,831. Sengelmann William W. also sold $502,922 worth of Camden Property Trust (NYSE:CPT) shares. The insider MCGUIRE WILLIAM B sold $173,658. $1.97 million worth of shares were sold by ODEN D KEITH on Tuesday, August 2. CAMPO RICHARD J had sold 22,318 shares worth $1.97M on Tuesday, August 2.
Out of 17 analysts covering Camden Property (NYSE:CPT), 8 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 47% are positive. Camden Property has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by BTIG Research on Thursday, August 25. Zacks upgraded Camden Property Trust (NYSE:CPT) on Monday, September 7 to “Buy” rating. The firm earned “Buy” rating on Wednesday, November 23 by Bank of America. As per Monday, August 24, the company rating was downgraded by Evercore. The stock has “Outperform” rating given by RBC Capital Markets on Friday, November 6. The stock of Camden Property Trust (NYSE:CPT) earned “Hold” rating by Evercore on Tuesday, September 8. On Monday, May 2 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Underperform” rating by BMO Capital Markets given on Monday, October 26. The stock of Camden Property Trust (NYSE:CPT) earned “Hold” rating by Deutsche Bank on Tuesday, November 3. Mizuho upgraded the shares of CPT in a report on Monday, March 21 to “Buy” rating.
Camden Property Trust, incorporated in 1933, is a real estate investment trust (REIT). The Firm is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. The Firm operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment. The Firm owns interests in, operates, or is developing approximately 180 multifamily properties consisting of approximately 62,650 apartment homes across the United States. Of the over 180 properties, approximately eight properties are under construction. It also owns land holdings. The Company’s properties consist of mid-rise buildings or two and three story buildings in a landscaped setting and provide residents with various amenities common to multifamily rental properties.
More notable recent Camden Property Trust (NYSE:CPT) news were published by: Fortune.com which released: “Camden Property Trust” on November 09, 2015, also Chron.com with their article: “Camden Property Trust facing declining Houston apartment market” published on October 28, 2016, Thestreet.com published: “Camden Property Trust CEO Campo Just Wants Election to Be Over” on November 07, 2016. More interesting news about Camden Property Trust (NYSE:CPT) were released by: Costar.com and their article: “Leaving Las Vegas: Camden Property Trust Sells Entire Nevada Portfolio to …” published on May 02, 2016 as well as Reuters.com‘s news article titled: “Fitch Upgrades Camden Property Trust to ‘A-‘; Outlook Stable” with publication date: August 31, 2016.
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By Darrin Black