Centerspace upgraded by Colliers Securities with a new price target
$CSR
Real Estate Investment Trusts
Real Estate
Colliers Securities upgraded Centerspace from Neutral to Buy and set a new price target of $70.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | Outperform → Mkt Perform | Raymond James | |
| 5/24/2024 | $75.00 | Mkt Perform → Outperform | Raymond James |
| 5/3/2024 | $65.00 → $68.00 | Buy → Neutral | Compass Point |
| 1/16/2024 | $58.00 → $63.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 11/6/2023 | $65.00 | Neutral → Buy | Compass Point |
| 9/25/2023 | $69.00 | Buy | BTIG Research |
| 5/26/2023 | Underperform → Mkt Perform | Raymond James | |
| 5/2/2023 | $70.00 | Neutral → Buy | Colliers Securities |
MINNEAPOLIS, Oct. 28, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) announced today its financial and operating results for the three and nine months ended September 30, 2024. The tables below show Net Income (Loss), Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three and nine months ended September 30, 2024; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; along with Same-Store Weighted-Average Occupancy and leasing rates for each of the three and applicable nine months ended September 30, 2024, June 30, 2024, and September 30, 2023. Three Months Ended September 30, Nine Months Ended September 30, Per Common S
MINNEAPOLIS, Oct. 7, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) will release its operating results for the quarter ended September 30, 2024, after the market closes on Monday, October 28, 2024. Management will host a conference call to discuss those results on the following day, Tuesday, October 29, 2024, at 10:00 a.m. Eastern Time. Interested parties may access the conference call via the following: Live Conference Call Details: Live webcast: https://events.q4inc.com/attendee/841168447 Operator Assisted Dial-In:United States (Local): +1 404 975 4839United States (Toll-Free): +1 833 470 1428Canada: +1 226 828 7575Canada (Toll-Free): +1 833 950 0062Access Code: 050510 Replay Details: Replay
MINNEAPOLIS, Oct. 2, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) announced that on October 1, 2024, it closed on the acquisition of The Lydian in Denver, CO, for total consideration of $54 million. Centerspace also announced the completed redemption of all outstanding 6.625% Series C Cumulative Redeemable Preferred Shares on September 30, 2024. The Company also announced that year-to-date through September 30, 2024, it has sold approximately 1.59 million shares under its ATM program. Gross proceeds from these ATM sales were approximately $113.73 million, before fees and expenses, which was used to fund the preferred share redemption and pay down line of credit debt. The Lydian is a 129-home
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10-Q - CENTERSPACE (0000798359) (Filer)
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MINNEAPOLIS, July 9, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the appointment of Jay Rosenberg to its Board of Trustees on July 8, 2024. Mr. Rosenberg will also serve on Centerspace's Nominating and Corporate Governance Committee. "We are excited about the addition of Jay as a Trustee," said Centerspace President and CEO Anne Olson. "His extensive knowledge of the public real estate industry as an investor, as well as his experiences in investment strategy development, will be valuable additions to Centerspace and our Board of Trustees as we continue to scale the Company." Mr. Rosenberg recently retired as Head of Public Real Assets for Nuveen, where he oversaw strategy,
MINNEAPOLIS, Jan. 25, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the appointment of Ola Oyinsan Hixon to its Board of Trustees on January 23, 2024. "We are very excited to welcome Ola as a Trustee," said Centerspace President and CEO Anne Olson. "Her extensive portfolio and asset management experience within the real estate space will allow her to provide valuable insight as we scale and position our Company in the coming years." Ms. Hixon is an executive director at PGIM Real Estate and portfolio manager on the U.S. Value-Add equity team where she is responsible for investment strategy, transactions, asset management, and investor relations primarily for the affordable hou
MINNEAPOLIS, July 25, 2023 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today that Josh Klaetsch has joined the Company as Director of Investor Relations. In this role, Mr. Klaetsch will be responsible for investor relations initiatives of the Company including industry benchmarking, relationship management, and strategic outreach to ensure the Company is appropriately positioned with analysts, investors, and all stakeholders. Mr. Klaetsch most recently served as Vice President and Portfolio Manager for Securian Asset Management where his team managed portfolios with more than $1.3B of investments in publicly traded REIT stocks. He holds a BA Degree in Economics and Management from Luth
Raymond James downgraded Centerspace from Outperform to Mkt Perform
Raymond James upgraded Centerspace from Mkt Perform to Outperform and set a new price target of $75.00
Compass Point downgraded Centerspace from Buy to Neutral and set a new price target of $68.00 from $65.00 previously
Piper Sandler analyst Alexander Goldfarb maintains Center (NYSE:CSR) with a Neutral and raises the price target from $63 to $64.
Compass Point analyst Merrill Ross downgrades Center (NYSE:CSR) from Buy to Neutral and raises the price target from $65 to $68.
Center (NYSE:CSR) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 2 0 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for Center, revealing an average target of $63.25, a high estimate of $68.00, and a low estimate of $59.00. This current average has increased by 2.02% from the previous average price tar
MINNEAPOLIS, Oct. 28, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) announced today its financial and operating results for the three and nine months ended September 30, 2024. The tables below show Net Income (Loss), Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three and nine months ended September 30, 2024; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; along with Same-Store Weighted-Average Occupancy and leasing rates for each of the three and applicable nine months ended September 30, 2024, June 30, 2024, and September 30, 2023. Three Months Ended September 30, Nine Months Ended September 30, Per Common S
MINNEAPOLIS, Oct. 7, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) will release its operating results for the quarter ended September 30, 2024, after the market closes on Monday, October 28, 2024. Management will host a conference call to discuss those results on the following day, Tuesday, October 29, 2024, at 10:00 a.m. Eastern Time. Interested parties may access the conference call via the following: Live Conference Call Details: Live webcast: https://events.q4inc.com/attendee/841168447 Operator Assisted Dial-In:United States (Local): +1 404 975 4839United States (Toll-Free): +1 833 470 1428Canada: +1 226 828 7575Canada (Toll-Free): +1 833 950 0062Access Code: 050510 Replay Details: Replay
MINNEAPOLIS, Sept. 3, 2024 /PRNewswire/ -- (NYSE:CSR) Centerspace's (the "Company") Board of Trustees announced today that it has declared a regular quarterly distribution of $0.75 per share/unit, payable on October 10, 2024, to common shareholders and unitholders of record at the close of business on September 30, 2024. The Board of Trustees also declared a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (NYSE:CSR), payable on September 30, 2024, to holders of record at the close of business on September 16, 2024. Centerspace also announced that it intends to redeem all shares outstanding of the Company's 6.625% Series C Cumulative Redeemab