Camden Property (CPT) Stock Could Hit $136: Analyst

By Amit Chowdhry ● Dec 5, 2022
  • The shares of Camden Property (CPT) could potentially hit $136 according to analysts at Truist. These are the details.

Recently, Truist analysts assigned Camden Property (CPT) a price target of $136 along with a “Buy” rating.

Truist analysts adjusted the rating while noting that the growth rates in the sector are slowing and the cap rates are rising. But even with conservative occupancy and rent growth projections, Camden Property is now well-positioned to produce healthy earnings growth. Plust the Truist analysts believe the REIT’s low-levered balance sheet should enable the company to pursue attractive investment opportunities.

Overview

Price target: Reduced from $160 to $136

Rating: Buy

Analyst firm: Truist