BMO Capital Adjusts Camden Property Trust PT to $115 From $122, Maintains Market Perform Rating

Camden Property Trust (a Houston apartment REIT) sold 11 California apartment complexes totaling 3,260 units for $1.625 billion to a BlackRock investment fund, according to the company. Camden said it plans to redeploy proceeds into multifamily in Texas and other Sun Belt markets. The portfolio was 96% occupied and includes properties in Hollywood, Mission Viejo, Ontario, and San Diego.

Camden Property Trust (CPT) discussed its Q2 2026 earnings call, focusing on exiting its California multifamily portfolio. According to management, it sold the 19-year-old California portfolio for $1.625 billion, with trailing 12-month FFO and AFFO yields of 5.6% and 5.2%. Camden repurchased $694 million of shares and closed $645 million of acquisitions plus $195 million of awarded acquisitions, reaffirming $6.75/share FFO guidance.

Multifamily REIT executives said renter demand is holding up as new apartment supply begins to peak, citing stronger absorption and moderating deliveries on Q2 earnings calls. MAA highlighted resilient demand and declining deliveries. AvalonBay and Equity Residential proposed a merger. Camden sold a 11-community California portfolio for about $1.62B. Q2 core FFO per share: AVB $2.86, CPT $1.68, ELS $1.00, MAA $2.08, UDR $0.60, ES $4.08, UDR $0.60, CPC $1.27.

Camden Property Trust reported Q2 2026 progress on a $3.25B capital reallocation plan, selling an 11-community California portfolio for $1.625B. It used $694M for share repurchases and $645M for Sunbelt acquisitions. Core FFO guidance midpoint was reaffirmed at $6.75/share. Same-store NOI improved 30 bps, July occupancy was 95.8%, and it plans to deploy remaining $200M proceeds by late Q4.

CAMDEN PROPERTY TRUST (CPT) filed an SEC Form 8-K — Results of Operations and Financial Condition. CAMDEN PROPERTY TRUST ANNOUNCES SECOND QUARTER 2026 OPERATING RESULTS Houston, Texas (July 30, 2026) - Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three and six months ended June 30, 2026. Net Income Attributable to Common Shareholde

Camden Property Trust (NYSE:CPT) hit a new 52-week high around $116.75 after Jefferies upgraded it to a Strong Buy. Other firms adjusted targets: Cantor cut to $102 (neutral), Scotiabank raised to $102 (sector underperform), Truist to $123 (buy), and Wells Fargo to $107 (equal weight). CPT reported Q1 EPS $0.40 vs $0.28 consensus and revenue $390.92M vs $378.11M; it also declared a $1.06 quarterly dividend.