Shares of Camden Property Trust (CPT) Sees Large Outflow of Money

Camden Property Trust (CPT) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($3.22 million) and the uptick to downtick ratio was 0.66. The transaction value on upticks was $6.13 million and on downticks, the transaction value was $9.35 million. The transaction value of block trades during downticks was $3.14 million. The money flow was negative ($3.14 million), indicating the traders were booking profit on the price strength. Camden Property Trust (CPT) rose $0.06 at $87.26, during intraday Tuesday , a rise of 0.07% over the previous days close.


Also, BTIG Research initiates coverage on Camden Property Trust (NYSE:CPT). BTIG Research has a Neutral rating on the shares. The rating by the firm was issued on August 25, 2016.

Shares of Camden Property Trust appreciated by 0.74% during the last five trading days but lost 2.58% on a 4-week basis. Camden Property Trust is up 4.68% in the last 3-month period. Year-to-Date the stock performance stands at 15.74%.

Camden Property Trust (NYSE:CPT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $87.42 and $85.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $87.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $87.26, notching a gain of 0.07% for the day. The total traded volume was 390,982 . The stock had closed at $87.20 on the previous day.

In a related news, Stewart H Malcolm, officer (Chief Operating Officer) of Camden Property Trust, unloaded 11,446 shares at an average price of $87.32 on August 9, 2016. The total amount of the transaction was worth $999,465, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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