Camden Property: Strong Q1 and Raised Guidance Amid Mixed Performance Signals Justifying Hold Rating

Analyst John Kim of BMO Capital maintained a Hold rating on Camden Property (CPT – Research Report), retaining the price target of $127.00.

John Kim’s rating is based on a combination of positive and negative factors influencing Camden Property’s performance. On the positive side, Camden reported a strong first quarter with a Core FFOps beat and raised its 2025 guidance, which is notable in the current market environment. The company also showed improvements in bad debt and operating performance, with an increase in occupancy rates and a decrease in gross turnover.
However, there are some concerns that led to the Hold rating. Camden’s rent growth momentum was slightly below the sector average, and the company no longer provides signed lease rates, which are crucial for assessing future lease growth. Additionally, the average monthly rate saw a slight decline, influenced by weaker performance in markets like Austin. These mixed signals suggest a cautious approach, justifying the Hold rating.

Kim covers the Real Estate sector, focusing on stocks such as Eastgroup Properties, Vornado Realty, and Easterly Government Properties. According to TipRanks, Kim has an average return of 0.0% and a 46.41% success rate on recommended stocks.

In another report released on April 17, RBC Capital also maintained a Hold rating on the stock with a $123.00 price target.