UPDATE: RBC Capital Starts Centerspace (CSR) at Sector Perform

RBC Capital analyst Brad Heffern initiates coverage on Centerspace (NYSE: CSR) with a Sector Perform rating and a price target of $105.00.

The analyst comments "CSR's management has done a laudable job transitioning the company from a diversified REIT to a unique, Midwest-focused, multifamily REIT. We also think that CSR's core Minneapolis market and valueadd potential may both be underappreciated by investors. However, we are concerned about single-market risk in Minneapolis and the overall valuation screens as fair to us. We initiate coverage with a Sector Perform rating and $105/sh price target."

For an analyst ratings summary and ratings history on Centerspace click here. For more ratings news on Centerspace click here.

Shares of Centerspace closed at $101.25 yesterday.

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