Wells Fargo analyst James Feldman initiated coverage of Camden Property with an Underweight rating and $102 price target. The firm believes the positive sunbelt demographics are offset by outsized supply risk. Wells forecasts below average growth with estimates below Street in 2023 and 2024, above average sensitivity to rate moves and low liquidity ranking.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CPT:
- Camden Property price target raised to $132 from $131 at Mizuho
- Housing downturn could fuel gains for residential REITs, Barron’s says
- Camden Property downgraded on ‘market drag’ at Piper Sandler
- Camden Property downgraded to Neutral from Overweight at Piper Sandler
- Camden Property reports Q4 FFO $1.74, consensus $1.74