Jefferies initiated coverage of Camden Property with a Hold rating and $123 price target The firm says Camden is a “strong” multifamily operator and developer positioned to take share once Sunbelt supply is largely absorbed in late 2025 or early 2026. For now, market rent growth remains pressured, weighing on net operating income and capping earnings growth in 2025, the analyst tells investors in a research note. This, combined with a “reasonable valuation” for the shares, keeps Jefferies on the sidelines.
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