Scotiabank raised the firm’s price target on Camden Property to $116 from $108 and keeps a Sector Perform rating on the shares. Following Q2 results, the firm is relatively mixed on the Real Estate & REITs sector, the analyst tells investors. U.S REIT’s relative valuation is now in-line with the S&P 500 following recent volatility while Senior Housing Operating fundamentals reinforced the strong same story net operating income growth story.
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Read More on CPT:
- Camden Property price target raised to $122 from $114 at RBC Capital
- Camden Property sees Q3 core FFO $1.66-$1.70, consensus $1.69
- Camden Property sees FY24 core FFO $6.74-$6.84, consensus $6.73
- Camden Property reports Q2 core FFO $1.71, consensus $1.67
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