Scotiabank raised the firm’s price target on Camden Property to $108 from $104 and keeps a Sector Perform rating on the shares. Across the firm’s Multifamily REIT coverage, same-store revenue guidance was raised by 20bps on average, and bad debt improvements were a consistent theme, the analyst tells investors. Further, while demand is tracking better than anticipated, new supply is set to ramp across a number of Sunbelt and Coastal markets through the year, the firm adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 $110 from $107 at RBC Capital
- Wedbush more bullish on MAA, upgrades to Outperform
- Camden Property price target raised to $111 from $99 at Mizuho
- Camden Property upgraded to Neutral from Underweight at Piper Sandler
- Camden Property sees FY24 core FFO $6.62-$6.86, consensus $6.72