Mizuho Securities analyst Haendel St. Juste has maintained their bullish stance on CPT stock, giving a Buy rating today.
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Haendel St. Juste’s rating is based on Camden Property’s demonstrated resilience in new lease rates and expected improvement in operational momentum. Despite a slight miss in FY25 FFO guidance, Camden Property’s new lease rates showed stability in the fourth quarter of 2024 compared to the third quarter, suggesting a potential strong start to 2025. This stability is noteworthy as it outperformed some of its peers, indicating a robust performance in securing favorable lease agreements.
Additionally, the company is expected to experience incremental momentum throughout 2025, particularly in the second half of the year, as market conditions improve with reduced supply pressures. Camden Property’s operational expenses came in below expectations, contributing to better-than-anticipated net operating income. These factors, coupled with a slight improvement in occupancy rates and a decrease in bad debt, support the Buy rating as they suggest a positive trajectory for Camden Property in the near term.
In another report released today, Barclays also maintained a Buy rating on the stock with a $126.00 price target.