Mizuho analyst Haendel St. Juste lowered the firm’s price target on Camden Property (CPT) to $125 from $129 and keeps an Outperform rating on the shares. Unlike 2024, 2025 will be more of a year of stock selection with shifting fundamental dynamics among East Coast, West Coast and Sunbelt markets, while earnings growth “will be elusive and a key differentiator” among apartment real estate investment trusts, the analyst tells investors in a research note. The firm believes apartment real estate investment trust valuations appear fair versus multiples and private market values, but fully valued versus bond market proxies.
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Read More on CPT:
- Camden Property price target lowered to $117 from $123 at Jefferies
- Camden Property downgraded to Underweight from Neutral at JPMorgan
- Barclays starts Camden Property at Overweight, says markets more forward-looking
- MAA initiated with an Equal Weight at Barclays
- Camden Property initiated with an Overweight at Barclays