Does Camden Property Trust (CPT) Represent a Good Investment?

Judging by the fact that Camden Property Trust (NYSE:CPT) has faced bearish sentiment from the aggregate hedge fund industry, logic holds that there exists a select few funds that slashed their full holdings heading into Q4. Intriguingly, Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital said goodbye to the biggest position of the “upper crust” of funds monitored by Insider Monkey, valued at close to $1.2 million in stock. Peter Rathjens, Bruce Clarke and John Campbell’s fund, Arrowstreet Capital, also dumped its stock, about $0.2 million worth.

Let’s also examine hedge fund activity in other stocks similar to Camden Property Trust (NYSE:CPT). These stocks are Gartner Inc (NYSE:IT), New Oriental Education & Tech Grp (ADR) (NYSE:EDU), Helmerich & Payne, Inc. (NYSE:HP), and AerCap Holdings N.V. (NYSE:AER). This group of stocks’ market valuations match CPT’s market valuation.

As you can see these stocks had an average of 24 funds with bullish positions and the average amount invested in these stocks was $576 million, versus $149 million in CPT’s case. AerCap Holdings N.V. (NYSE:AER) is the most popular stock in this table. On the other hand Gartner Inc (NYSE:IT) is the least popular one with only 20 bullish hedge fund positions. Compared to these stocks Camden Property Trust (NYSE:CPT) is even less popular than IT. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

Disclosure: None