11:35 AM EDT, 05/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We are raise our target price by $2 to $128 using a forward P/FFO of 18.8x, a discount to the multi-family residential REIT average at 21.4x, given CPT's exposure to high supply Sun Belt markets. We increase our FFO estimates in 2025 by $0.05 to $6.80 and 2026's by $0.10 to $7.05 per share. Full-year 2025 guidance shows ongoing pressure, with new supply into CPT's markets. Management is guiding for 0.00% to 2.00% revenue growth, +2.25% to +3.75% expense growth, and cash NOI that can either be -1.50% or as much as +1.50% in 2025. FFO is projected to be $1.65 to $1.69 in Q2 2025 and $6.53 to $6.83 in 2025, which we view as a very wide range compared to other multi-family residential REITs that we cover.