Scotiabank analyst Nicholas Yulico raised the firm’s price target on Camden Property (CPT) to $135 from $130 and keeps a Sector Perform rating on the shares. Following Q4 results for U.S. Multifamily REITs, the firm sees broad optimism for accelerating H2 blended rate growth, driven by softening supply pressures and stable demand outlook, the analyst tells investors. Same-store growth was largely in-line and executives are hopeful for an improving transaction market through the year, the firm adds.
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