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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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 $123 from $121 at RBC Capital
- Camden Property Trust: Strategic Acquisitions and Strong Financial Performance Drive Buy Rating
- Camden Property Trust Reports Q4 2024 Results
- Camden Property Trust Balanced Outlook Amid Growth and Challenges
- Camden Property’s Resilience and Expected Operational Momentum Justify Buy Rating
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue