Could Camden Property Trust (NYSE:CPT) Change Direction After More Shorts?

September 17, 2017 - By Ellis Scott

 Could Camden Property Trust (NYSE:CPT) Change Direction After More Shorts?

Investors sentiment increased to 1.24 in Q4 2016. 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.
Kames Public Ltd Com holds 0% or 8,600 shares in its portfolio. The California-based Los Angeles And Equity Inc has invested 0.13% in Camden Property Trust (NYSE:CPT). Citigroup has 72,053 shares. Prelude Cap Mngmt Limited Liability stated it has 960 shares. Oakbrook Lc reported 4,408 shares stake. Salient Lta owns 22,800 shares or 0.21% of their US portfolio. Virginia Retirement Et Al has invested 0.19% in Camden Property Trust (NYSE:CPT). Louisiana State Employees Retirement Systems has invested 0.09% in Camden Property Trust (NYSE:CPT). Ny State Common Retirement Fund, a New York-based fund reported 215,216 shares. Intrust Fincl Bank Na reported 0.16% stake. Jacobs Levy Equity Mgmt owns 46,640 shares or 0.08% of their US portfolio. Mutual Of America Cap Mgmt Ltd Liability Com holds 71,277 shares or 0.11% of its portfolio. Fjarde Ap stated it has 0.05% in Camden Property Trust (NYSE:CPT). Davidson Invest Advisors has 0% invested in Camden Property Trust (NYSE:CPT). Australia-based Macquarie Grp Inc Limited has invested 0% in Camden Property Trust (NYSE:CPT).

Since March 21, 2017, it had 0 buys, and 1 sale for $194,141 activity. PARKER F GARDNER sold 741 shares worth $60,043. PAULSEN WILLIAM F also sold $194,141 worth of Camden Property Trust (NYSE:CPT) on Tuesday, June 13.

The stock of Camden Property Trust (NYSE:CPT) registered an increase of 1.85% in short interest. CPT’s total short interest was 3.21M shares in September as published by FINRA. Its up 1.85% from 3.15M shares, reported previously. With 460,400 shares average volume, it will take short sellers 7 days to cover their CPT’s short positions. The short interest to Camden Property Trust’s float is 3.74%.

The stock increased 0.48% or $0.45 on September 15, reaching $94.2. About 930,755 shares traded or 28.64% up from the average. Camden Property Trust (NYSE:CPT) has risen 3.41% since September 17, 2016 and is uptrending. It has underperformed by 13.29% the S&P500.

Camden Property Trust is a real estate investment trust . The company has market cap of $8.73 billion. The Firm is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. It has a 21.03 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.

Camden Property Trust (NYSE:CPT) Ratings Coverage

Among 20 analysts covering Camden Property (NYSE:CPT), 10 have Buy rating, 1 Sell and 9 Hold. Therefore 50% are positive. Camden Property had 52 analyst reports since July 21, 2015 according to SRatingsIntel. SunTrust initiated it with “Buy” rating and $91 target in Tuesday, July 21 report. The firm has “Buy” rating by Zacks given on Monday, September 7. BTIG Research initiated the stock with “Neutral” rating in Thursday, August 25 report. The firm has “Hold” rating given on Monday, July 18 by Deutsche Bank. BMO Capital Markets maintained it with “Buy” rating and $91.0 target in Monday, September 4 report. The firm has “Outperform” rating given on Thursday, May 18 by Evercore. The stock of Camden Property Trust (NYSE:CPT) has “Underperform” rating given on Monday, October 26 by BMO Capital Markets. The stock has “In-Line” rating by Evercore on Monday, August 14. The firm earned “Outperform” rating on Friday, November 6 by RBC Capital Markets. KeyBanc Capital Markets upgraded the shares of CPT in report on Tuesday, June 13 to “Overweight” rating.

More notable recent Camden Property Trust (NYSE:CPT) news were published by: Seekingalpha.com which released: “Quantifying The Impact Of Harvey On Apartment REITs” on August 30, 2017, also Reuters.com with their article: “BRIEF-Camden Property Trust says its apartments have minor damage from …” published on September 11, 2017, Seekingalpha.com published: “Camden Property’s (CPT) CEO Ric Campo on Q2 2017 Results – Earnings Call …” on July 29, 2017. More interesting news about Camden Property Trust (NYSE:CPT) were released by: Businesswire.com and their article: “Camden Property Trust Announces Pricing of Common Shares” published on September 12, 2017 as well as Streetinsider.com‘s news article titled: “UPDATE: Stifel Resumes Camden Property Trust (CPT) at Buy” with publication date: August 31, 2017.

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