Evercore ISI lowered the firm’s price target on Camden Property (CPT) to $115 from $116 and keeps an In Line rating on the shares. Q3 “wasn’t kind” to residential REITs as job market jitters and declining mortgage rates dampened enthusiasm for new leases in apartments and single family rentals, the analyst tells investors in an earnings preview for the group.
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Read More on CPT:
- Camden Property price target lowered to $111 from $112 at Wells Fargo
- Camden Property initiated with a Neutral at Cantor Fitzgerald
- Camden Property price target lowered to $127 from $128 at Barclays
- Camden Property downgraded to Sell from Neutral at Goldman Sachs
- Camden Property price target lowered to $123 from $131 at Truist