Large Inflow of Money Witnessed in Camden Property Trust

Camden Property Trust (CPT) : The money flow analysis of Camden Property Trust (CPT) indicates a $3.04 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $3.58 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.18 and so was the total money flow at $0.54 million. The bulls lapped up $0 million worth of block trades on upticks. The money flow was $0 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Camden Property Trust (CPT), pushing it down by -1.28% for the day. The stock slid $1.15 and traded at $88.84 during the day. Nonetheless, the stock is 0.03% over the previous weeks close.


Camden Property Trust (CPT) : Average target price received by Camden Property Trust (CPT) is $84.8 with an expected standard deviation of $6.83. The most aggressive target on the stock is $96, whereas the most downbeat target is $70. 15 financial analysts are currently covering the stock. The stock has recorded a 20-day Moving Average of 6.76% and the 50-Day Moving Average is 7.32%.

Camden Property Trust (NYSE:CPT): The stock opened at $89.89 on Thursday but the bulls could not build on the opening and the stock topped out at $89.89 for the day. The stock traded down to $88.57 during the day, due to lack of any buying support eventually closed down at $89.75 with a loss of -0.27% for the day. The stock had closed at $89.99 on the previous day. The total traded volume was 699,130 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.