BTIG raised the firm’s price target on Centerspace to $79 from $69 and keeps a Buy rating on the shares as part of a broader research note on REITs. Capital raising for REITs through the end of July was ahead of pace for both 2022 and 2023, and it still falls well below the pace for recent years before the current move in interest rates, the analyst tells investors in a research note. It could be telling to see how aggressively REITs tap the market given the recent moves in rates and equity prices, the firm added.
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Read More on CSR:
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