Scotiabank lowered the firm’s price target on Camden Property (CPT) to $130 from $132 and keeps a Sector Perform rating on the shares. Rental demand remains robust, which should persist into 2025 due to affordability issues for homeownership and a prospect for stable-to-improving employment growth, the analyst tells investors. Elevated supply pressures across various Top 25 markets, however, should temper rent growth for at least another year, the firm adds.
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Read More on CPT:
- Stifel downgrades Camden Property to Hold as share price exceeds target
- Camden Property downgraded to Hold from Buy at Stifel
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