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Citigroup upgrades Camden Property, downgrades Federal Realty

ReutersMar 28, 2025 11:59 AM

Citigroup hikes rating on REIT co Camden Property Trust CPT.N to "buy" from "hold"; raises PT to $138 from $125

Says stock’s valuation is attractive as rent growth will likely grow over the next year, given declining supply and strong demand

Brokerage cuts rating on Federal Realty Investment Trust FRT.N to "neutral" from "buy"; cuts PT to $106 from $135

"FRT’s high quality portfolio in higher income areas experienced a more modest relative tenant credit headwind related to recent retailer bankruptcies," brokerage says

S&P 500 Real Estate .SPLRCR index up 1.8% YTD

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