BMO sees valuation discount in Centerspace, upgrade stock to ‘outperform’
Investing.com -- BMO Capital Markets upgraded Centerspace, a Midwest and Mountain West-focused multifamily real estate investment trust (REIT), to Outperform, citing an attractive valuation discount relative to the Apartment REIT sector and defensive positioning. The brokerage set a price target of $77, implying more than 20% upside from current levels.