** Brokerage Raymond James upgrades residential REIT Centerspace CSR.N to "outperform" from "market perform"
** Shares of CSR rise 1.4% to $58.58
** Brokerage has a $66 PT on the stock
** Says CSR's key markets, such as Denver and Minneapolis, are showing signs of strengthening with rent growth stabilizing and improving year over year
** Brokerage notes that the company's overall new lease growth has accelerated, while occupancy remains high at 95.3%
** "CSR is attractively valued at current levels with a peer leading dividend and unique portfolio benefiting from strengthening rent growth across the Midwest and invarious secondary markets, with limited new supply risk in the near term"- Brokerage
** Including session's moves, CSR stock down 11.4% YTD
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.