NEW YORK, February 4 (FinanceEnquiry.com) - Analysts at Deutsche Bank Securities reiterate their hold rating on the shares of Camden Property Trust (NYSE: CPT). The 12-month target price is set to $68.
 
In a research note published yesterday, the analysts mention that CPT reported in-line Q4 results that exceeded the estimate from lower expenses that may not be viable. CPT’s core growth remains strong, and it does not expect any slowdown in the 2012 outlook, the analysts add. Moreover, the initial 2012 guidance range is a bit wide, though its mid-point somewhat beats the expectations. The analysts believe that CPT’s solid report and guide will be seen positively, with shares lagging its Apt sector peers YTD (+3.9% against +4.8% Apt average). Given the robust core growth outlook, the Q4 FFO surpass the estimate on lower expenses, Deutsche Bank Securities adds.