| Over a month ago |
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Hot Stocks
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Catch up on the… Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Public Storage (PSA) sent a letter to Mark G. Barberio, Life Storage's (LSI) Chairman, and Joseph V. Saffire, Life Storage's CEO, with respect to its proposal to acquire all of the outstanding shares and units of Life Storage in an all-stock transaction. Under the terms of the proposal letter, holders of Life Storage shares and units would receive 0.4192 shares of Public Storage common stock for each Life Storage share or unit they own, which represents a 19% premium based on the 20-day trailing VWAPs of Public Storage and Life Storage as of February 3, 2023. The proposed transaction would be structured to be taxable to Life Storage equityholders, which would give the combined company a step-up in the tax basis of the acquired assets, providing an enhanced ability to retain free cash flow and fund future accretive growth. Public Storage's Board of Trustees has unanimously approved the proposal. 2. Danaher (DHR) has expressed takeover interest in contract manufacturer Catalent (CTLT) and overtures made in recent months valued Catalent at "a significant premium," people familiar with the matter told Bloomberg's Liana Baker, Michelle Davis and Ed Hammond. Sources said it is unclear how Catalent will proceed or whether it's receptive to an offer, adding that a deal is not imminent, according to the report. 3. Tesla (TSLA) stock is on a tear, leaving investors breathless and wondering what to do next, Al Root writes in this week's edition of Barron's. They might want to follow the adage that no one ever went broke taking a profit, the author argues. 4. Comcast (CMCSA) subsidiary Universal's "Knock at the Cabin" won this weekend at the North American box office with a $14.2M debut. The psychological-tinged horror pic received a C CinemaScore and had the lowest North American opening of any movie by M. Night Shyamalan. Overseas, "Knock at the Cabin" grossed an estimated $7M for a global total of $21.2M. 5. Pfizer (PFE), Ulta Beauty (ULTA), Linden (LIN), AvalonBay (AVB), Essex Property Trust (ESS), Camden Property Trust (CPT), Equity Residential (EQR), and Invitation Homes (INVH) saw a positive mention in this week's edition of Barron's. ShowHide Related Items >><< - $520.87 /
-0.245 (-0.05%) - 12/05/22
- Ulta Beauty CEO: Consumer is loving what we are offering
- 12/01/22
- Ulta Beauty reports SSS up 14.6% y/y
- 10/07/22
- Tanger Factory announces first Ulta Beauty store opening in Rehoboth Beach
- 09/07/22
- Jeld-Wen appoints Halligan to board of directors
- 01/31/23
- Tesla sees capex of $6.0B-$8.0B in 2023 and $7B-9B in 2024 and 2025
- 01/31/23
- Tesla asked for documents on driver assist systems by DOJ
- 01/25/23
- Tesla extends afterhours gains, up over 5% at $152.45
- 01/25/23
- Tesla CEO says Dojo AI to be competitive with Nvidia at end of 2023
- 02/05/23
- Public Storage increases quarterly common dividend by 50%
- 02/05/23
- Public Storage proposes to acquire Life Storage in all-stock transaction
- 01/03/23
- Public Storage CFO Tom Boyle to also serve as Chief Investment Officer
- 02/01/23
- FDA revises EUA for Paxlovid to remove SARS-CoV-2 viral testing requirement
- 01/31/23
- Pfizer CEO: Our best days are still ahead of us
- 01/31/23
- Pfizer says incremental share repurchases 'not high priority at this point'
- 01/31/23
- Pfizer CFO says increasing investments behind launch products and pipeline
- 01/03/23
- Life Storage boosts dividend 11% to $1.20 from $1.08
- 10/25/22
- Life Storage announces CFO succession plan
- 10/05/22
- Life Storage says all 161 properties in Florida operational after Ian
- 01/18/23
- Linde shareholders approve proposal to delist from Frankfurt Stock Exchange
- 11/10/22
- Linde Engineering, Vision Energy sign cooperation agreement
- 11/08/22
- Great Lakes Clean Hydrogen Partnership moves forward with DOE application
- 10/31/22
- SLB and Linde collaborate on carbon capture and sequestration
- 02/03/23
- Invitation Homes raises quarterly dividend 18% to 26c from 22c per share
- 01/30/23
- Invitation Homes CFO Ernie Freedman to step down
- 10/11/22
- Invitation Homes identifies 'limited damage' from Hurricane Ian
- 09/19/22
- Invitation Homes to replace Penn Entertainment in S&P 500 at open on 9/19
- $230.38 /
-6.565 (-2.77%) - 10/03/22
- Essex Property Trust CEO Michael Schall to retire
- 09/07/22
- Toll Brothers, Equity Residential team on Dallas-Fort Worth rental communities
- 08/31/22
- Equity Residential provides update on same store revenue growth
- 12/01/22
- Maravai Lifesciences announces plans for William Martin to become CEO in 2023
- 11/14/22
- Third Point buys TJX, exits Cenovus Energy in Q3
- 10/03/22
- Marvell CEO Carl Hull to switch roles, William Martin to succeed
- 09/14/22
- Danaher to separate Environmental & Applied Solutions unit into public company
- 01/17/23
- Catalent appoints Zayas as SVP, Operations, Biologics North America
- 01/09/23
- Avantor, Catalent enter multi-year supply agreement
- 01/05/23
- Acorda Therapeutics enters new long-term supply pact with Catalent on INBRIJA
- 01/05/23
- Catalent, Sarepta expand commercial collaboration with deal for DMD candidate
- $121.73 /
-4.485 (-3.55%) - 10/10/22
- Camden Property estimates $1.0M in expenses related to Hurricane Ian
- 09/30/22
- Camden Property says early reports indicate minor damage from Hurricane Ian
- 09/30/22
- Camden Property provides update on Hurricane Ian
- 01/12/23
- NBC News President Noah Oppenheim stepping down
- 01/06/23
- Comcast promotes Jason Armstrong to CFO
- 01/30/23
- PointsBet, NBC Universal amend media services agreement and extend partnership
- 01/26/23
- Comcast increases annualized dividend to $1.16 per share
- 01/18/23
- Sonoma County Fairgrounds selects Comcast Business for connectivity
- 01/18/23
- Comcast appoints Melinda Little as VP of Government, Regulatory Affairs
- 01/09/23 Raymond James
- Public Storage downgraded to Market Perform from Outperform at Raymond James
- 09/19/22 Evercore ISI
- Public Storage price target lowered to $327 from $333 at Evercore ISI
- 08/16/22 Raymond James
- Public Storage downgraded to Outperform from Strong Buy at Raymond James
- 07/28/22 Citi
- Public Storage resumed with a Buy at Citi
- 01/09/23 Raymond James
- Life Storage price target lowered to $116 from $145 at Raymond James
- 01/03/23 Jefferies
- Life Storage cut to Hold at Jefferies amid Self Storage REIT sector downgrade
- 01/02/23 Jefferies
- Life Storage downgraded to Hold from Buy at Jefferies
- 12/05/22 Truist
- Life Storage price target lowered to $120 from $138 at Truist
- 01/25/23 TD Cowen
- Danaher price target lowered to $320 from $340 at Cowen
- 01/25/23 Baird
- Danaher price target lowered to $309 from $321 at Baird
- 01/24/23 Baird
- Danaher price target raised to $321 from $315 at Baird
- 01/24/23 Barclays
- Danaher price target raised to $290 from $277 at Barclays
- 01/24/23 Barclays
- Catalent price target lowered to $58 from $62 at Barclays
- 12/19/22 KeyBanc
- Catalent downgraded to Sector Weight from Overweight at KeyBanc
- 12/08/22 Baird
- Catalent short report doesn't raise new topics, says Baird
- 11/28/22 Morgan Stanley
- Catalent VAI update addresses Brussels shutdown concerns, says Morgan Stanley
- 01/30/23 Bernstein
- Bernstein sees orders as 'most critical' to Tesla stock
- 01/30/23 Berenberg
- Tesla upgraded to Buy from Hold at Berenberg
- 01/26/23 Morgan Stanley
- Tesla FY23 earnings could bottom near $3 per share, says Morgan Stanley
- 01/26/23 Wedbush
- Tesla price target raised to $200 from $175 at Wedbush
- 02/02/23 Barclays
- Comcast price target raised to $36 from $34 at Barclays
- 01/31/23 Loop Capital
- Charter price target lowered to $390 from $405 at Loop Capital
- 01/30/23 Truist
- Accolade price target raised to $14 from $12 at Truist
- 01/27/23 TD Cowen
- Comcast price target lowered to $46 from $49 at Cowen
- 09/27/22 Credit Suisse
- Charter price target lowered to $551 from $676 at Credit Suisse
- 09/27/22 Credit Suisse
- Comcast price target lowered to $51 from $57 at Credit Suisse
- 07/20/22 KeyBanc
- Disney price target lowered to $131 from $151 at KeyBanc
- 05/23/22 Raymond James
- Electronic Arts moves 'somewhat unexpected,' says Raymond James
- 02/01/23 Barclays
- Pfizer price target lowered to $44 from $49 at Barclays
- 01/26/23 UBS
- UBS downgrades Pfizer, says COVID estimates need to drop
- 01/26/23 UBS
- Pfizer downgraded to Neutral from Buy at UBS
- 01/24/23 SVB Securities
- Biohaven initiated with an Outperform at SVB Securities
- $520.87 /
-0.245 (-0.05%) - 01/31/23 Jefferies
- Bath & Body Works price target raised to $52 from $45 at Jefferies
- 01/06/23 Wells Fargo
- Ulta Beauty downgraded to Underweight from Equal Weight at Wells Fargo
- 01/06/23 Wells Fargo
- Ulta Beauty downgraded to Underweight from Equal Weight at Wells Fargo
- 01/05/23 Argus
- Ulta Beauty price target raised to $530 from $455 at Argus
- 01/10/23 Morgan Stanley
- Air Products downgraded to Equal Weight from Overweight at Morgan Stanley
- 12/15/22 Citi
- Linde price target raised to $402 from $322 at Citi
- 11/15/22 HSBC
- Linde price target lowered to $375 from $390 at HSBC
- 10/31/22 Deutsche Bank
- Linde price target raised to EUR 355 from EUR 350 at Deutsche Bank
- 01/17/23 Truist
- AvalonBay upgraded to Buy from Hold at Truist
- 01/04/23 Deutsche Bank
- Deutsche downgrades six REITs to Hold, urges caution into 2023
- 01/04/23 Deutsche Bank
- AvalonBay downgraded to Hold from Buy at Deutsche Bank
- 12/16/22 JPMorgan
- AvalonBay downgraded to Underweight from Neutral at JPMorgan
- $230.38 /
-6.565 (-2.77%) - 01/17/23 Truist
- Essex Property Trust price target raised to $250 from $247 at Truist
- 01/03/23 SMBC Nikko
- Essex Property Trust downgraded to Neutral from Outperform at SMBC Nikko
- 12/16/22 JPMorgan
- Essex Property Trust downgraded to Neutral from Overweight at JPMorgan
- 12/15/22 UBS
- Essex Property Trust initiated with a Neutral at UBS
- $121.73 /
-4.485 (-3.55%) - 02/03/23 Piper Sandler
- Camden Property downgraded on 'market drag' at Piper Sandler
- 02/02/23 Piper Sandler
- Camden Property downgraded to Neutral from Overweight at Piper Sandler
- 01/10/23 Mizuho
- Camden Property upgraded to Buy from Neutral at Mizuho
- 01/04/23 Deutsche Bank
- Camden Property price target lowered to $140 from $153 at Deutsche Bank
- 01/17/23 Truist
- Equity Residential upgraded to Buy from Hold at Truist
- 01/11/23 BTIG
- BTIG cuts Equity Residential to Neutral on underperformance in Apartment REITs
- 01/11/23 BTIG
- Equity Residential downgraded to Neutral from Buy at BTIG
- 01/09/23 Credit Suisse
- Equity Residential downgraded to Neutral from Outperform at Credit Suisse
- 01/09/23 Credit Suisse
- Invitation Homes downgraded to Neutral from Outperform at Credit Suisse
- 01/04/23 Deutsche Bank
- Invitation Homes downgraded to Hold from Buy at Deutsche Bank
- 01/03/23 Jefferies
- Invitation Homes downgraded to Hold at Jefferies on macro concerns
- $520.87 /
-0.245 (-0.05%) - 12/01/22
- Ulta Beauty raises FY22 EPS view to $22.60-$22.90 from $20.70-$21.20
- 12/01/22
- Ulta Beauty raises FY22 revenue view to $9.95B-$10.0B from $9.65B-$9.75B
- 12/01/22
- Ulta Beauty reports Q3 EPS $5.34, consensus $4.15
- 12/01/22
- Notable companies reporting after market close
- 01/25/23
- Tesla reports Q4 EPS $1.19, consensus $1.13
- 01/25/23
- Notable companies reporting after market close
- 10/19/22
- Tesla reports Q3 EPS $1.05, consensus 99c
- 10/19/22
- Notable companies reporting after market close
- 11/01/22
- Public Storage raises FY22 core FFO view to $15.35-$15.75
- 11/01/22
- Public Storage reports Q3 core FFO $4.13, consensus $4.05
- 01/31/23
- Pfizer sees FY23 adjusted EPS $3.25-$3.45, consensus $4.44
- 01/31/23
- Pfizer reports Q4 adjusted EPS $1.14, consensus $1.05
- 01/30/23
- Notable companies reporting before tomorrow's open
- 11/02/22
- Life Storage sees Q4 FFO $1.60-$.64
- 11/02/22
- Life Storage raises Fy22 FFO view $6.42-$6.46 from $6.27-$6.33
- 11/02/22
- Life Storage reports Q3 adjusted FFO $1.73, consensus $1.66
- 10/26/22
- Invitation Homes cuts FY22 core FFO view to $1.63-$1.67 from $1.66-$1.72
- 10/26/22
- Invitation Homes reports Q3 core FFO 42c, consensus 43c
- $230.38 /
-6.565 (-2.77%) - 10/26/22
- Essex Property Trust sees FY22 core FFO $14.42-$14.52, consensus $14.50
- 10/26/22
- Essex Property Trust reports Q3 core FFO $3.69, consensus $3.68
- 10/25/22
- Equity Residential sees FY22 normalized FFO $3.52-$3.54
- 10/25/22
- Equity Residential reports Q3 normalized FFO 92c, consensus 91c
- 01/24/23
- Danaher sees FY23 base business core revenue up high-single digits
- 01/24/23
- Danaher sees Q1 base business core revenue up mid-single digits
- 01/24/23
- Danaher reports Q4 adjusted EPS $2.87, consensus $2.51
- 01/09/23
- Danaher sees Q4 revenue up low-single digits, consensus 7.71B
- 11/01/22
- Catalent cuts FY23 revenue view to $4.625B-$4.875B from $4.975B-$5.225B
- 11/01/22
- Catalent reports Q1 adjusted EPS 34c, consensus 56c
- 08/29/22
- Catalent sees FY23 revenue $4.975B-$5.225B, consensus $5.26B
- 08/29/22
- Catalent reports Q4 EPS $1.19, consensus $1.15
- $121.73 /
-4.485 (-3.55%) - 02/02/23
- Camden Property sees Q1 FFO $1.63-$1.67, consensus $1.75
- 02/02/23
- Camden Property sees FY23 FFO $6.70-$7.00, consensus $7.17
- 02/02/23
- Camden Property reports Q4 FFO $1.74, consensus $1.74
- 10/27/22
- Camden Property see FY22 FFO $6.57-$6.61, consensus $6.63
- 01/26/23
- Comcast reports Q4 adjusted EPS 82c, consensus 77c
- 01/25/23
- Notable companies reporting before tomorrow's open
- 10/27/22
- Comcast reports Q3 adjusted EPS 96c, consensus 90c
- 11/03/22
- AvalonBay cuts FY22 core FFO view to $9.74-$9.84 from $9.76-$9.96
- 11/03/22
- AvalonBay sees Q4 core FFO $2.55-$2.65
- 11/03/22
- AvalonBay Communities reports Q3 core FFO $2.50, consensus $2.53
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Periodicals
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After a really bad year,… After a really bad year, the real estate sector is bouncing back. Real estate investment trusts, or REITs, gained 10% in January, the best monthly performance since January 2019, according to the FTSE Nareit Equity REITs Index. Residential REITs, in particular, could keep producing solid returns, Lawrence C. Strauss writes in this week's edition of Barron's. AvalonBay (AVB), Essex Property Trust (ESS), Camden Property Trust (CPT), Equity Residential (EQR), and Invitation Homes (INVH) could prove durable, even in a tougher economic environment, the author says. Reference Link ShowHide Related Items >><< - 02/03/23
- Invitation Homes raises quarterly dividend 18% to 26c from 22c per share
- 01/30/23
- Invitation Homes CFO Ernie Freedman to step down
- 10/11/22
- Invitation Homes identifies 'limited damage' from Hurricane Ian
- 09/19/22
- Invitation Homes to replace Penn Entertainment in S&P 500 at open on 9/19
- $230.38 /
-6.565 (-2.77%) - 10/03/22
- Essex Property Trust CEO Michael Schall to retire
- 09/07/22
- Toll Brothers, Equity Residential team on Dallas-Fort Worth rental communities
- 08/31/22
- Equity Residential provides update on same store revenue growth
- $121.73 /
-4.485 (-3.55%) - 10/10/22
- Camden Property estimates $1.0M in expenses related to Hurricane Ian
- 09/30/22
- Camden Property says early reports indicate minor damage from Hurricane Ian
- 09/30/22
- Camden Property provides update on Hurricane Ian
- 01/17/23 Truist
- AvalonBay upgraded to Buy from Hold at Truist
- 01/04/23 Deutsche Bank
- Deutsche downgrades six REITs to Hold, urges caution into 2023
- 01/04/23 Deutsche Bank
- AvalonBay downgraded to Hold from Buy at Deutsche Bank
- 12/16/22 JPMorgan
- AvalonBay downgraded to Underweight from Neutral at JPMorgan
- $230.38 /
-6.565 (-2.77%) - 01/17/23 Truist
- Essex Property Trust price target raised to $250 from $247 at Truist
- 01/03/23 SMBC Nikko
- Essex Property Trust downgraded to Neutral from Outperform at SMBC Nikko
- 12/16/22 JPMorgan
- Essex Property Trust downgraded to Neutral from Overweight at JPMorgan
- 12/15/22 UBS
- Essex Property Trust initiated with a Neutral at UBS
- $121.73 /
-4.485 (-3.55%) - 02/03/23 Piper Sandler
- Camden Property downgraded on 'market drag' at Piper Sandler
- 02/02/23 Piper Sandler
- Camden Property downgraded to Neutral from Overweight at Piper Sandler
- 01/10/23 Mizuho
- Camden Property upgraded to Buy from Neutral at Mizuho
- 01/04/23 Deutsche Bank
- Camden Property price target lowered to $140 from $153 at Deutsche Bank
- 01/17/23 Truist
- Equity Residential upgraded to Buy from Hold at Truist
- 01/11/23 BTIG
- BTIG cuts Equity Residential to Neutral on underperformance in Apartment REITs
- 01/11/23 BTIG
- Equity Residential downgraded to Neutral from Buy at BTIG
- 01/09/23 Credit Suisse
- Equity Residential downgraded to Neutral from Outperform at Credit Suisse
- 01/09/23 Credit Suisse
- Invitation Homes downgraded to Neutral from Outperform at Credit Suisse
- 01/04/23 Deutsche Bank
- Invitation Homes downgraded to Hold from Buy at Deutsche Bank
- 01/03/23 Jefferies
- Invitation Homes downgraded to Hold at Jefferies on macro concerns
- 10/26/22
- Invitation Homes cuts FY22 core FFO view to $1.63-$1.67 from $1.66-$1.72
- 10/26/22
- Invitation Homes reports Q3 core FFO 42c, consensus 43c
- $230.38 /
-6.565 (-2.77%) - 10/26/22
- Essex Property Trust sees FY22 core FFO $14.42-$14.52, consensus $14.50
- 10/26/22
- Essex Property Trust reports Q3 core FFO $3.69, consensus $3.68
- 10/25/22
- Equity Residential sees FY22 normalized FFO $3.52-$3.54
- 10/25/22
- Equity Residential reports Q3 normalized FFO 92c, consensus 91c
- $121.73 /
-4.485 (-3.55%) - 02/02/23
- Camden Property sees Q1 FFO $1.63-$1.67, consensus $1.75
- 02/02/23
- Camden Property sees FY23 FFO $6.70-$7.00, consensus $7.17
- 02/02/23
- Camden Property reports Q4 FFO $1.74, consensus $1.74
- 10/27/22
- Camden Property see FY22 FFO $6.57-$6.61, consensus $6.63
- 11/03/22
- AvalonBay cuts FY22 core FFO view to $9.74-$9.84 from $9.76-$9.96
- 11/03/22
- AvalonBay sees Q4 core FFO $2.55-$2.65
- 11/03/22
- AvalonBay Communities reports Q3 core FFO $2.50, consensus $2.53
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Downgrade
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Piper Sandler analyst… Piper Sandler analyst Alexander Goldfarb downgraded Camden Property ty Trust to Neutral from Overweight with an unchanged price target of $136. The analyst believes the company's exposure to Southern California, Houston, and D.C. is driving the lower than expected operating income guidance. Piper continues to believe that Camden should sell its California portfolio, continue to trim D.C., and recycle back into the Sunbelt, perhaps entering some new markets. It cites the "market drag" for the downgrade. ShowHide Related Items >><< - 10/10/22
- Camden Property estimates $1.0M in expenses related to Hurricane Ian
- 09/30/22
- Camden Property says early reports indicate minor damage from Hurricane Ian
- 09/30/22
- Camden Property provides update on Hurricane Ian
- 02/02/23 Piper Sandler
- Camden Property downgraded to Neutral from Overweight at Piper Sandler
- 01/10/23 Mizuho
- Camden Property upgraded to Buy from Neutral at Mizuho
- 01/04/23 Deutsche Bank
- Camden Property price target lowered to $140 from $153 at Deutsche Bank
- 12/15/22 UBS
- Camden Property initiated with a Buy at UBS
- 02/02/23
- Camden Property sees Q1 FFO $1.63-$1.67, consensus $1.75
- 02/02/23
- Camden Property sees FY23 FFO $6.70-$7.00, consensus $7.17
- 02/02/23
- Camden Property reports Q4 FFO $1.74, consensus $1.74
- 10/27/22
- Camden Property see FY22 FFO $6.57-$6.61, consensus $6.63
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Downgrade
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Piper Sandler analyst… Piper Sandler analyst Alexander Goldfarb downgraded Camden Property Trust to Neutral from Overweight with an unchanged price target of $136. ShowHide Related Items >><< - 10/10/22
- Camden Property estimates $1.0M in expenses related to Hurricane Ian
- 09/30/22
- Camden Property says early reports indicate minor damage from Hurricane Ian
- 09/30/22
- Camden Property provides update on Hurricane Ian
- 01/10/23 Mizuho
- Camden Property upgraded to Buy from Neutral at Mizuho
- 01/04/23 Deutsche Bank
- Camden Property price target lowered to $140 from $153 at Deutsche Bank
- 12/15/22 UBS
- Camden Property initiated with a Buy at UBS
- 11/29/22 Truist
- Camden Property price target lowered to $136 from $160 at Truist
- 02/02/23
- Camden Property sees Q1 FFO $1.63-$1.67, consensus $1.75
- 02/02/23
- Camden Property sees FY23 FFO $6.70-$7.00, consensus $7.17
- 02/02/23
- Camden Property reports Q4 FFO $1.74, consensus $1.74
- 10/27/22
- Camden Property see FY22 FFO $6.57-$6.61, consensus $6.63
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Earnings
| ShowHide Related Items >><< - 10/10/22
- Camden Property estimates $1.0M in expenses related to Hurricane Ian
- 09/30/22
- Camden Property says early reports indicate minor damage from Hurricane Ian
- 09/30/22
- Camden Property provides update on Hurricane Ian
- 01/10/23 Mizuho
- Camden Property upgraded to Buy from Neutral at Mizuho
- 01/04/23 Deutsche Bank
- Camden Property price target lowered to $140 from $153 at Deutsche Bank
- 12/15/22 UBS
- Camden Property initiated with a Buy at UBS
- 11/29/22 Truist
- Camden Property price target lowered to $136 from $160 at Truist
- 02/02/23
- Camden Property sees FY23 FFO $6.70-$7.00, consensus $7.17
- 02/02/23
- Camden Property reports Q4 FFO $1.74, consensus $1.74
- 10/27/22
- Camden Property see FY22 FFO $6.57-$6.61, consensus $6.63
- 10/27/22
- Camden Property see Q4 FFO $1.72-$1.76
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Earnings
| ShowHide Related Items >><< - 10/10/22
- Camden Property estimates $1.0M in expenses related to Hurricane Ian
- 09/30/22
- Camden Property says early reports indicate minor damage from Hurricane Ian
- 09/30/22
- Camden Property provides update on Hurricane Ian
- 01/10/23 Mizuho
- Camden Property upgraded to Buy from Neutral at Mizuho
- 01/04/23 Deutsche Bank
- Camden Property price target lowered to $140 from $153 at Deutsche Bank
- 12/15/22 UBS
- Camden Property initiated with a Buy at UBS
- 11/29/22 Truist
- Camden Property price target lowered to $136 from $160 at Truist
- 02/02/23
- Camden Property reports Q4 FFO $1.74, consensus $1.74
- 10/27/22
- Camden Property see FY22 FFO $6.57-$6.61, consensus $6.63
- 10/27/22
- Camden Property see Q4 FFO $1.72-$1.76
- 10/27/22
- Camden Property reports Q3 AFFO $1.47, consensus $1.70
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Earnings
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AFFO for the quarter was… AFFO for the quarter was $1.48. Same property revenues were up 9.9%. As of December 31, 2022, Camden had nearly $1.2 billion of liquidity comprised of approximately $10.7 million in cash and cash equivalents, and over $1.1 billion of availability under its unsecured credit facility. At quarter-end, the Company had $306.7 million left to fund under its existing wholly-owned development pipeline. ShowHide Related Items >><< - 10/10/22
- Camden Property estimates $1.0M in expenses related to Hurricane Ian
- 09/30/22
- Camden Property says early reports indicate minor damage from Hurricane Ian
- 09/30/22
- Camden Property provides update on Hurricane Ian
- 01/10/23 Mizuho
- Camden Property upgraded to Buy from Neutral at Mizuho
- 01/04/23 Deutsche Bank
- Camden Property price target lowered to $140 from $153 at Deutsche Bank
- 12/15/22 UBS
- Camden Property initiated with a Buy at UBS
- 11/29/22 Truist
- Camden Property price target lowered to $136 from $160 at Truist
- 10/27/22
- Camden Property see FY22 FFO $6.57-$6.61, consensus $6.63
- 10/27/22
- Camden Property see Q4 FFO $1.72-$1.76
- 10/27/22
- Camden Property reports Q3 AFFO $1.47, consensus $1.70
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Upgrade
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Mizuho analyst Haendel… Mizuho analyst Haendel St. Juste upgraded Camden Property to Buy from Neutral with a price target of $125, up from $119. After underperforming in 2022, the stock offers one of the better relative risk/reward profiles in the apartment sector for 2023, St. Juste tells investors in a research note. The analyst sees an attractive valuation, easier compares and better funds from operations growth for Camden Property in 2023. ShowHide Related Items >><< - 10/10/22
- Camden Property estimates $1.0M in expenses related to Hurricane Ian
- 09/30/22
- Camden Property says early reports indicate minor damage from Hurricane Ian
- 09/30/22
- Camden Property provides update on Hurricane Ian
- 07/17/22
- Fly Intel: Top five weekend stock stories
- 01/04/23 Deutsche Bank
- Camden Property price target lowered to $140 from $153 at Deutsche Bank
- 12/15/22 UBS
- Camden Property initiated with a Buy at UBS
- 11/29/22 Truist
- Camden Property price target lowered to $136 from $160 at Truist
- 11/10/22 Barclays
- Camden Property price target lowered to $145 from $169 at Barclays
- 10/27/22
- Camden Property see FY22 FFO $6.57-$6.61, consensus $6.63
- 10/27/22
- Camden Property see Q4 FFO $1.72-$1.76
- 10/27/22
- Camden Property reports Q3 AFFO $1.47, consensus $1.70
- 07/28/22
- Camden Property raises FFO view to $6.48-$6.68 from $6.39-$6.63
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Recommendations
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Deutsche Bank analyst… Deutsche Bank analyst Derek Johnston lowered the firm's price target on Camden Property to $140 from $153 and keeps a Buy rating on the shares. The analyst recommends a cautious real estate investment trust positioning into 2023. Stock selection is crucial, says Johnston, who expects "largely muted" public REIT earnings power. The "robust" 2021 and 2022 leasing momentum and "sturdy to positive" rent spreads will wane in 2023 given the macro backdrop, Johnston tells investors in a research note. The analyst says elevated cost of capital for the REITs paired with a likely recession will stall business decision making and weigh on demand and earnings growth. ShowHide Related Items >><< - $110.67 /
-1.175 (-1.05%) - 10/10/22
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- 09/30/22
- Camden Property says early reports indicate minor damage from Hurricane Ian
- 09/30/22
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- 07/17/22
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- $110.67 /
-1.175 (-1.05%) - 12/15/22 UBS
- Camden Property initiated with a Buy at UBS
- 11/29/22 Truist
- Camden Property price target lowered to $136 from $160 at Truist
- 11/10/22 Barclays
- Camden Property price target lowered to $145 from $169 at Barclays
- 11/01/22 Baird
- Camden Property price target lowered to $138 from $154 at Baird
- $110.67 /
-1.175 (-1.05%) - 10/27/22
- Camden Property see FY22 FFO $6.57-$6.61, consensus $6.63
- 10/27/22
- Camden Property see Q4 FFO $1.72-$1.76
- 10/27/22
- Camden Property reports Q3 AFFO $1.47, consensus $1.70
- 07/28/22
- Camden Property raises FFO view to $6.48-$6.68 from $6.39-$6.63
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