Camden Property Trust (CPT) : Traders are bullish on Camden Property Trust (CPT) as it has outperformed the S&P 500 by a wide margin of 4.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.44%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.96% in the last 1 week, and is up 3.9% 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 3.06% and the 50-Day Moving Average is 2.21%.The 200 Day SMA reached 11.64%. Camden Property Trust is up 12.5% in the last 3-month period. Year-to-Date the stock performance stands at 18.83%.
Camden Property Trust (NYSE:CPT): After opening at $89.4, the stock dipped to an intraday low of $89.36 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $90.7 and the buying power remained strong till the end. The stock closed at $89.59 for the day, a gain of 0.73% for the day session. The total traded volume was 895,599. The stocks close on the previous trading day was $88.94.
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.