Truist reiterates Buy on Camden Property Trust stock, $118 target

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Truist Securities has reiterated a Buy rating on Camden Property Trust (NYSE:CPT) with a $118 price target, despite the stock currently trading at $106.26 and InvestingPro suggesting it may be overvalued. The firm revised its 2026 and 2027 normalized funds from operations estimates downwards slightly due to lower projected same-store revenue growth. Camden is also actively marketing its Southern California assets for sale, intending to redeploy the proceeds into acquisitions and stock repurchases.

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