AngusMcK

CAMDEN PROPERTY TRUST ($CPT:NYSE) - Residential REIT up 35% YTD

Long
NYSE:CPT   Camden Property Trust
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Another nice (hopefully) steady stock up 35% so far this year. It is toward the top of its 90 day channel with an RSI just under 70 so might be some pullback, but if it continues to climb over the next couple of days could be worth a watch.

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. 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. The Company also owns land holdings, which it may develop into multifamily communities. The Company's properties consist of mid-rise buildings or two and three story buildings in a landscaped setting and provide residents with a range of amenities common to multifamily rental properties. The 152 operating properties in which the Company owned interests and operated, as of December 31, 2016, averaged 953 square feet of living area per apartment home. As of December 31, 2016, 137 of its operating properties had over 200 apartment homes.
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