Piper Sandler Upgrades Centerspace (CSR) to Overweight

Piper Sandler analyst Alexander Goldfarb upgraded Centerspace (NYSE: CSR) from Neutral to Overweight with a price target of $72.00 (from $69.00).

The analyst comments: "Our upgrade is driven by CSR's underperformance versus apartment peers YTD (-10% versus -6.5%), while its Upper Midwest portfolio offers investors differentiated exposure than the Coasts or Sunbelt of peers. While Denver (20% of NOI) contends with oversupply, CSR's smaller markets remain strong. For our thoughts on what recent REIT takeouts potentially imply for CSR, if its strategic alternative process results in a sale."

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 $59.28 yesterday.

You May Also Be Interested In

• Correction: Kepler Cheuvreux Upgrades Siemens AG (SIE:GR) (SIEGY) to Hold
• Berenberg Starts Brooks Macdonald Group PLC (BRK:LN) at Buy
• ​Trump said he was unaware of his earnings from crypto