Centerspace up after Raymond James upgrades to 'outperform', citing improving rent growth
ReutersApr 21, 2025 5:09 PM
Brokerage Raymond James upgrades residential REIT Centerspace CSR.N to "outperform" from "market perform"
Shares of CSR rise 1.4% to $58.58
Brokerage has a $66 PT on the stock
Says CSR's key markets, such as Denver and Minneapolis, are showing signs of strengthening with rent growth stabilizing and improving year over year
Brokerage notes that the company's overall new lease growth has accelerated, while occupancy remains high at 95.3%
"CSR is attractively valued at current levels with a peer leading dividend and unique portfolio benefiting from strengthening rent growth across the Midwest and in
various secondary markets, with limited new supply risk in the near term"- Brokerage
Including session's moves, CSR stock down 11.4% YTD
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