Truist analyst Michael Lewis raised the firm’s price target on Camden Property (CPT) to $131 from $129 and keeps a Buy rating on the shares. The company is among the firm’s favorite apartment REIT stocks for FY25, the analyst tells investors in a research note. Despite expectations for slowing U.S. job growth, Truist still projects this year’s estimated 0.1% same-store net operating income growth to be Camden’s worst during this cycle of record new supply in its markets, the firm added.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPT:
- Camden Property price target raised to $144 from $135 at Scotiabank
- Camden Property Shareholders Approve Key Proposals
- Camden Property price target raised to $136 from $127 at Barclays
- Camden Property Trust: Strategic Acquisitions and Strong Financial Performance Drive Buy Rating
- Camden Property price target lowered to $142 from $148 at BofA