Camden Property Trust gets downgrade from RBC on peak leasing season Sep. 09, 2024 11:45 AM ET By: Max Gottlich , SA News Editor [Seeking Alpha]
Camden Property Trust (CPT)
Last camden property trust earnings: 1/30 04:20 pm
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US:NYSE Investor Relations:
investors.camdenliving.com
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Source: Seeking Alpha
the view that its "stronger-than-expected 2Q24/July results were more a product of peak leasing season than improving fundamentals." The apartment REIT provided a business update for its Q3 through Aug. 31, 2024, that showed its same-property occupancy rate increased from the past two quarters and same-property blended lease rental rate crept up. But analyst Brad Heffern thinks Camden Property ( CPT ) in on track to miss guidance for the back half of 2024, he wrote in a note, adding he no longer sees competitive FFO growth in 2025 as "this may be another long fall/winter for the Sun Belt" market. "While tapering supply is in sight, the supply problem could be replaced by a demand problem if move-outs to buy a home return to normal levels as rates come down." RBC's Sector Perform rate aligns with the Seeking Alpha Quant rating system of Hold and diverges from the average Wall Street analyst rating of Buy. CPT ) edged down 0.3% in late morning trading. Recommended For You
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CPT
News
- Camden Property Trust (NYSE: CPT) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $121.00 price target on the stock, up previously from $120.00.MarketBeat
- How Much Would It Take To Earn $100 A Month From Camden Property Trust Stock? [Yahoo! Finance]Yahoo! Finance
- Camden Property Trust (NYSE: CPT) had its price target lowered by analysts at Royal Bank of Canada from $131.00 to $127.00. They now have a "sector perform" rating on the stock.MarketBeat
- Camden Property Trust (NYSE: CPT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Camden Property Trust (CPT) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CPT
Earnings
- 10/31/24 - Miss
CPT
Sec Filings
- 11/8/24 - Form SC
- 11/1/24 - Form 10-Q
- 10/31/24 - Form 8-K
- CPT's page on the SEC website