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Century Communities (CCS) Announces Upcoming Projects in Florida, Kentucky
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. 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. (NYSE:CCS) 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. While we acknowledge the potential of CCS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Digital Infrastructure REITS to Buy According to Analysts and 10 Best Cybersecurity Stocks to Buy According to Short Sellers. Disclosure: None. Follow Insider Monkey on Google News.
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