Colliers Securities analyst David Toti initiated coverage with a Hold rating on Centerspace (CSR – Research Report) today and set a price target of $100.00. The company’s shares closed last Monday at $91.60, close to its 52-week high of $92.11.
According to TipRanks.com, Toti is a 3-star analyst with an average return of 3.9% and a 70.6% success rate. Toti covers the Financial sector, focusing on stocks such as Preferred Apartment Communities, Diversified Healthcare Trust, and Bluerock Residential Growth.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Centerspace with a $85.67 average price target.
Centerspace’s market cap is currently $1.21B and has a P/E ratio of -3047.30. The company has a Price to Book ratio of 2.31.
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Investors Real Estate Trust engages in the ownership, management, acquisition, redevelopment, and development of apartment communities. It focuses on making operational enhancements to improve residents’ experience, redeveloping existing apartment communities to meet market demands and acquiring new apartment communities in the Minneapolis/St. Paul and Denver metropolitan areas. The company was founded on July 31, 1970 and is headquartered in Minot, ND.