Colliers Securities analyst Barry Oxford has maintained their bullish stance on CSR stock, giving a Buy rating on April 4.
Barry Oxford has given his Buy rating due to a combination of factors that suggest Centerspace is well-positioned for growth. Despite a generally pessimistic economic outlook, the apartment sector, where Centerspace operates, is expected to be less impacted by new tariff policies compared to other sectors like industrial and retail. This relative stability is further supported by the balanced supply-demand dynamics in Centerspace’s mid-western and western markets, which are anticipated to be more stable than regions like the south.
Additionally, Centerspace is actively pursuing opportunistic acquisitions within its markets, which should contribute to its growth trajectory. The company’s valuation is also appealing, as it holds the lowest multiple while maintaining an average growth rate. These factors collectively underpin Barry Oxford’s confidence in Centerspace’s potential to outperform, justifying the Buy rating.
In another report released on April 4, BMO Capital also upgraded the stock to a Buy with a $77.00 price target.