Camden Property Trust (CPT) has been under a strong bear grip, hence the stock is down -2.4% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.08% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.01% in the last 1 week, and is up 0.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.76% and the 50-Day Moving Average is 4.99%. Camden Property Trust is up 11.96% in the last 3-month period. Year-to-Date the stock performance stands at 18.83%.
Camden Property Trust (NYSE:CPT): stock turned positive on Friday. Though the stock opened at $86.8, the bulls momentum made the stock top out at $90.48 level for the day. The stock recorded a low of $86.43 and closed the trading day at $89.59, in the green by 3.20%. The total traded volume for the day was 951,079. The stock had closed at $86.81 in the previous days trading.
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. The Companies 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. As of December 31, 2014, the Company owned interests in, operated or was developing 181 multifamily properties consisting of 63,163 apartment homes across the United States. The Companys properties include Camden Copper Square, Camden Montierra, Camden Sea Palms, Camden Tuscany, Camden Belleview Station, Camden Denver West, Camden Fallsgrove, Camden Summerfield, Camden Bay, Camden Brookwood and Camden Ballantyne, among others.