Camden Property TrustCPT
Market Cap: 12B
About: Camden Property Trust is a real estate investment trust primarily engaged in the acquisition, management, and development of multifamily apartment communities across the United States. The company's real estate portfolio consists primarily of apartment properties throughout the Sun Belt. Houston, Dallas, Las Vegas, and Atlanta represent some of Camden's largest housing markets in terms of apartment units. The firm derives nearly all of its revenue from the leasing of properties to tenants through short-term agreements. Camden Property derives the majority of its revenue from the Washington D.C., Los Angeles, Houston, Atlanta, and southeastern Florida areas.
Employees: 1,640
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
21% more repeat investments, than reductions
Existing positions increased: 195 | Existing positions reduced: 161
0% more funds holding in top 10
Funds holding in top 10: 4 [Q4 2023] → 4 (+0) [Q1 2024]
5% less capital invested
Capital invested by funds: $10.3B [Q4 2023] → $9.8B (-$514M) [Q1 2024]
7% less first-time investments, than exits
New positions opened: 63 | Existing positions closed: 68
1% less funds holding
Funds holding: 500 [Q4 2023] → 495 (-5) [Q1 2024]
3.94% less ownership
Funds ownership: 97.23% [Q4 2023] → 93.29% (-3.94%) [Q1 2024]
60% less call options, than puts
Call options by funds: $5.4M | Put options by funds: $13.6M
Research analyst outlook
22 Wall Street Analysts provided 1 year price forecasts over the past 6 months
22 analyst ratings
UBS Michael Goldsmith | 4%upside $117 | Neutral Maintained | 18 Jul 2024 |
Truist Securities Michael Lewis | 8%upside $122 | Buy Maintained | 24 Jun 2024 |
JP Morgan Anthony Paolone | 1%downside $112 | Neutral Maintained | 17 Jun 2024 |
Wells Fargo James Feldman | 8%downside $104 | Underweight Maintained | 31 May 2024 |
Mizuho Vikram Malhorta | 4%downside $108 | Buy Maintained | 30 May 2024 |
Financial journalist opinion
Based on 13 articles about CPT published over the past 30 days