5 Best Self Storage and Apartment Stocks To Buy Now

4. Camden Property Trust (NYSE:CPT)

Number of Hedge Fund Holders: 28

Camden Property Trust (NYSE:CPT) specializes in the ownership, management, and development of multifamily apartment communities. They currently manage multiple properties, including a number of apartment homes, located throughout the United States. On August 3, Camden Property Trust (NYSE:CPT) reported a Q2 FFO of $1.51. The revenue of $385.5 million grew 6.6% year-over-year, beating market estimates by $1.58 million. It is one of the best self storage and apartment stocks to monitor. 

According to Insider Monkey’s second quarter database, 28 hedge funds were long Camden Property Trust (NYSE:CPT), compared to 29 in the last quarter. Daniel Sundheim’s D1 Capital Partners is the most prominent stakeholder of the company, with 2.73 million shares worth approximately $298 million.

Here is what Baron Real Estate Income Fund has to say about Camden Property Trust (NYSE:CPT) in its Q2 2022 investor letter:

“The Fund’s multi-family REIT Camden Property Trust (NYSE:CPT) has been generating strong occupancy, rent, and cash flow growth. We expect in-place rents, which remain below market rents, to be a source of ongoing strong cash flow growth in the near term. We also expect rental apartments to continue to benefit from homeownership affordability challenges. Currently, the Fund’s investments in multi-family REITs provide partial inflation protection to offset rising costs due to leases that can be reset at higher rents, in some cases, annually. Valuations are attractive at 5% capitalization rates and remain at discounts to recent private market multi-family transactions which have been valued at high 3% to low 4% capitalization rates.”