Time to Reconsider Camden Property Trust (NYSE:CPT) After More Short Sellers?

September 17, 2017 - By Adrian Erickson

 Time to Reconsider Camden Property Trust (NYSE:CPT) After More Short Sellers?

Investors sentiment increased to 1.24 in 2016 Q4. Its up 0.25, from 0.99 in 2016Q3. It increased, 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.
Thompson Davis accumulated 17 shares or 0% of the stock. Dupont Capital Mngmt Corp stated it has 82,702 shares. Teacher Retirement Systems Of Texas has 91,962 shares. 7,895 are owned by Sg Americas. Schulhoff And Inc owns 3,596 shares or 0.19% of their US portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt has 12,951 shares. Metropolitan Life Insur accumulated 86,478 shares or 0.05% of the stock. Stifel Corporation accumulated 21,013 shares. Caisse De Depot Et Placement Du Quebec accumulated 11,500 shares or 0% of the stock. Sei Investments has invested 0.09% in Camden Property Trust (NYSE:CPT). Rhumbline Advisers reported 0.04% stake. Corda Inv Management Ltd Liability holds 0.97% or 74,381 shares. Alpine Woods Capital Investors Limited Liability Corp accumulated 0.21% or 45,100 shares. Parkwood Ltd Liability Co has 0.04% invested in Camden Property Trust (NYSE:CPT). Glg Limited Liability owns 4,805 shares or 0.03% of their US portfolio.

Since March 21, 2017, it had 0 buys, and 1 insider sale for $194,141 activity. $60,043 worth of Camden Property Trust (NYSE:CPT) was sold by PARKER F GARDNER on Tuesday, March 21. PAULSEN WILLIAM F sold 2,227 shares worth $194,141.

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 3.15 million 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. On Tuesday, September 5 the stock rating was upgraded by Sandler O’Neill to “Buy”. On Friday, July 14 the stock rating was maintained by RBC Capital Markets with “Buy”. Zacks upgraded Camden Property Trust (NYSE:CPT) rating on Monday, August 24. Zacks has “Hold” rating and $81 target. The stock of Camden Property Trust (NYSE:CPT) has “Hold” rating given on Monday, September 11 by Robert W. Baird. The firm earned “Neutral” rating on Wednesday, August 10 by Robert W. Baird. The rating was downgraded by SunTrust on Thursday, June 2 to “Neutral”. SunTrust initiated the shares of CPT in report on Tuesday, July 21 with “Buy” rating. On Thursday, March 30 the stock rating was maintained by RBC Capital Markets with “Buy”. On Friday, August 4 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Buy” rating on Friday, July 28 by BMO Capital Markets.

More notable recent Camden Property Trust (NYSE:CPT) news were published by: Streetinsider.com which released: “UPDATE: Stifel Resumes Camden Property Trust (CPT) at Buy” on August 31, 2017, also Businesswire.com with their article: “Camden Property Trust Provides Update on Projected Expenses Related to …” published on September 05, 2017, Businesswire.com published: “Camden Property Trust Announces Pricing of Common Shares” on September 12, 2017. More interesting news about Camden Property Trust (NYSE:CPT) were released by: Seekingalpha.com and their article: “Camden Property’s (CPT) CEO Ric Campo on Q2 2017 Results – Earnings Call …” published on July 29, 2017 as well as Seekingalpha.com‘s news article titled: “Quantifying The Impact Of Harvey On Apartment REITs” with publication date: August 30, 2017.

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