Century Communities, Inc. (NYSE:CCS) is one of the 8 Real Estate Stocks to Buy Beyond REITs. On June 2, the company announced the upcoming opening of a new community in Crestview, Florida, under its Century Complete brand. Called the Cottages of Crestview, the project offers one-story affordable cottage-style homes measuring around 1,114 square feet.
Earlier on June 1, the company also unveiled a new project in Radcliff, Kentucky, called Hidden Ridge, which offers one and two-story homes measuring up to 2,014 square feet.
Based on four analyst ratings compiled by CNN, 50% assigned a Buy rating to Century Communities, while those who marked it Hold and Sell accounted for 25% each. The stock has a median price target of $71.50, a 31.41% upside from the current price of $54.41.
In late April, JPMorgan reduced its price target on Century Communities to $45 from $49 while maintaining an Underweight rating on the shares following the release of the company’s quarterly earnings report. For the first quarter of the year, the company reported a lower net income of $24.4 million from $39.4 million in the same period last year.
Century Communities, Inc. is a company engaged in all aspects of homebuilding from the acquisition, entitlement, and development of land, along with the construction, innovative marketing, and sale of quality homes.
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