Camden Is Positioned To Weather A Weak 2024

Brandon Bell/Getty Images News Shares of Camden Property Trust (NYSE:CPT) have been a material underperformer over the past year as higher rates have weighed on real estate valuations. On top of this, a surge of supply has negatively impacted the apartment sector, pushing down rents. Last September, I rated CPT a buy, arguing shares had 10-15% upside. Since that recommendation, shares have returned over 4%, though this has materially lagged the broader market’s 18% gain. I continue to target a rise towa ...