BB&T Capital Markets analyst David Toti recently assumed coverage on several residential REITs. Here’s a breakdown of BB&T’s top three names in the group.

Camden Property Trust CPT 0.78%

Toti explained that Camden’s major markets of Texas, Florida and Washington, D.C. are all above-average employment gainers over time, but they all also experience a large amount of volatility on both the supply and demand side. Recently, the volatility has been to the downside.

“We remain concerned about the outlook for those markets, as well, and its long-term impact to revenue growth (already decelerating by most measures),” Toti wrote. However, Camden is currently priced at a 16 percent discount to net asset value (NAV), and BB&T believes it has upside for now. The firm rates Camden a Buy and set a $90.50 price target for the REIT.

Essex Property Trust Inc ESS 0.53%

Essex owns, operates and develops…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!