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.

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