In a filing, Camden Property Trust revealed its Chairman and CEO CAMPO RICHARD J unloaded Company’s shares for reported $3.77 million on Jan 04 ’24. In the deal valued at $98.22 per share,38,336 shares were sold. As a result of this transaction, CAMPO RICHARD J now holds 267,132 shares worth roughly $27.28 million.
Then, Jessett Alexander J. sold 9,803 shares, generating $962,733 in total proceeds. Upon selling the shares at $98.21, the EVP – Finance & CFO now owns 114,893 shares.
Before that, Sengelmann William W. sold 6,493 shares. Camden Property Trust shares valued at $637,665 were divested by the EVP – Real Estate Investments at a price of $98.21 per share. As a result of the transaction, Sengelmann William W. now holds 75,082 shares, worth roughly $7.67 million.
A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in mid February from “an Overweight” to “an Equal weight”. Deutsche Bank began covering CPT with “Hold” recommendation on January 30, 2024. BMO Capital Markets revised its rating on December 15, 2023. It rated CPT as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of CPT
On Monday, Camden Property Trust [NYSE:CPT] saw its stock jump 5.70% to $102.13. Over the last five days, the stock has gained 5.92%. Camden Property Trust shares have risen nearly 2.86% since the year began. Nevertheless, the stocks have risen 0.14% over the past one year. While a 52-week high of $112.90 was reached on 04/08/24, a 52-week low of $82.40 was recorded on 02/13/24. SMA at 50 days reached $96.30, while 200 days put it at $98.88. A total of 1.8 million shares were traded, compared to the trading of 93664.0 shares in the previous session.
Levels Of Support And Resistance For CPT Stock
The 24-hour chart illustrates a support level at 98.79, which if violated will result in even more drops to 95.45. On the upside, there is a resistance level at 103.91. A further resistance level may holdings at 105.69. The Relative Strength Index (RSI) on the 14-day chart is 64.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.90%. Stochastics %K at 48.57% indicates the stock is a holding.
How much short interest is there in Camden Property Trust?
A steep rise in short interest was recorded in Camden Property Trust stocks on Mar 15, 2024, growing by 0.65 million shares to a total of 3.08 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.43 million shares. There was a rise of 21.1%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.08% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.61.
The most recent change occurred on December 12, 2023 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $95 price target.
