Camden Property price target raised to $123 from $121 at RBC Capital

RBC Capital raised the firm’s price target on Camden Property (CPT) to $123 from $121 and keeps a Sector Perform rating on the shares. The company’s Q4 results continued the trend of lower operating expenses seen during all of 2024, while leasing spreads held in relatively well at the seasonal trough, the analyst tells investors in a research note. Camden’s 2025 guide also does not rely on particularly high renewal rates, RBC added.