Raymond James Remains a Hold on Centerspace (CSR)

Raymond James analyst Buck Horne maintained a Hold rating on Centerspace (CSRResearch Report) yesterday. The company’s shares closed last Tuesday at $70.42.

According to TipRanks.com, Horne is a 4-star analyst with an average return of 10.8% and a 66.1% success rate. Horne covers the Financial sector, focusing on stocks such as Mid-America Apartment, NexPoint Residential, and Equity Residential.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Centerspace with a $77.00 average price target, which is an 8.8% upside from current levels. In a report issued on April 20, Robert W. Baird also maintained a Hold rating on the stock with a $74.00 price target.

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Based on Centerspace’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $45.54 million and GAAP net loss of $4.22 million. In comparison, last year the company earned revenue of $45.78 million and had a net profit of $48.82 million.

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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.