Camden Property price target raised to $105 from $104 at RBC Capital

RBC Capital analyst Brad Heffern raised the firm’s price target on Camden Property (CPT) to $105 from $104 and keeps a Sector Perform rating on the shares after its Q1 results. The REIT’s sequential blend and occupancy gains were behind the firm’s expectations for Q1, and while April did demonstrate some additional pricing power and guidance was unchanged, there is more pressure than expected on a second-half of the year inflection, the analyst tells investors in a research note. SoCal sale remains on schedule, but no new pricing color was provided, the firm adds.