Centerspace: A Value Buy In The Multifamily Space [Seeking Alpha]
D/B/A Centerspace (CSR)
Company Research
Source: Seeking Alpha
CSR has made progress in portfolio transformation and optimizing its properties for better operating efficiencies. The company has shown steady growth in rent and same-store NOI and offers an appealing and well-covered dividend, leaving plenty of room for further deleveraging. Looking for a portfolio of ideas like this one? Members of Hoya Capital Income Builder get exclusive access to our subscriber-only portfolios. Learn More » It's been a while since I last visited Centerspace ( NYSE: CSR here in December of 2020 with a 'Hold' rating, back when it was called Investors Real Estate Trust. At that time, it seemed like this multifamily REIT was fully valued by the market due to the essential nature of its properties and very low interest rates at the time. It appears that my 'Hold' thesis that recommended caution based on valuation had more or less played out, as the stock has given a -4.6% total return (16.5% price decline) since my last piece, underperforming the 32% rise in
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High impacting D/B/A Centerspace news events
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CSR
News
- Centerspace (NYSE: CSR) had its price target raised by analysts at Piper Sandler from $63.00 to $64.00. They now have a "neutral" rating on the stock.MarketBeat
- Centerspace (NYSE: CSR) was downgraded by analysts at Compass Point from a "buy" rating to a "neutral" rating. They now have a $68.00 price target on the stock, up previously from $65.00.MarketBeat
- Centerspace (NYSE: CSR) had its price target raised by analysts at Royal Bank of Canada from $66.00 to $68.00. They now have an "outperform" rating on the stock.MarketBeat
- Centerspace (NYSE:CSR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Rodney Jones-Tyson joins Associated Banc-Corp Board of Directors [Yahoo! Finance]Yahoo! Finance
CSR
Earnings
- 4/29/24 - Beat
CSR
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form 8-K
- 4/29/24 - Form 10-Q
- CSR's page on the SEC website