5 Best Real Estate Stocks to Buy in 2022 According to Eduardo Abush’s Waterfront Capital Partners

2. Camden Property Trust (NYSE:CPT)

Waterfront Capital Partners’ Stake Value: $88,003,000
Percentage of Waterfront Capital Partners’ 13F Portfolio: 5.48%
Number of Hedge Fund Holders: 30

Camden Property Trust (NYSE:CPT) is a REIT that specializes in multi-family apartment community ownership, management, development, repositioning, redevelopment, acquisition, and construction. Waterfront Capital Partners upped its position in Camden Property Trust (NYSE:CPT) by 42%. The hedge fund’s total holdings were worth $88 million as of Q1 2022.

Higher interest rates, broader economic uncertainty, and resulting multiple contraction, as well as the fact that the return to historical stock valuation has happened faster and sooner than expected, prompted Truist analyst Michael Lewis to lower his price target on Camden Property from $186 to $160 on May 25. However, he maintained a Buy rating on the stock.

The number of hedge funds tracked by Insider Monkey holding stakes in Camden Property Trust (NYSE:CPT) grew to 30 in Q1 from 26 in the previous quarter. These stakes hold a consolidated value of over $517.96 million, showing considerable growth from $349.19 million in Q4.