Morgan Stanley analyst Adam Kramer raised the firm’s price target on Camden Property to $105.50 from $98 and keeps an Equal Weight rating on the shares. Apartments are the best performing REIT subsector year-to-date, but with peak deliveries still to come, the firm wonders if the group, now trading at a premium, has “gotten ahead of itself,” the analyst tells investors. The firm, which advises investors to “stay selective,” raised its apartment REIT price targets by about 6% on average.
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Read More on CPT:
- Camden Property price target raised to $110 from $107 at RBC Capital
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- Camden Property price target raised to $111 from $99 at Mizuho
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