Truist raised the firm’s price target on Camden Property to $133 from $122 and keeps a Buy rating on the shares. Investors considered Camden to be among the most likely REITs to cut 2024 FFO guidance, but instead the REIT improved the midpoint of the range, the analyst tells investors in a research note. Camden’s largest markets are performing well, and Truist expects the company’s same-store net operating income growth to trough in early 2025, the firm added.
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