Centerspace (NYSE:CSR) Stock Rating Reaffirmed by Piper Sandler

Centerspace (NYSE:CSR)‘s stock had its “neutral” rating restated by analysts at Piper Sandler in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $63.00 price target on the stock. Piper Sandler’s price objective would suggest a potential upside of 11.94% from the company’s previous close.

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a $63.00 price target on shares of Centerspace in a report on Friday, March 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $65.57.

Centerspace Stock Up 2.1 %

Shares of NYSE CSR opened at $56.28 on Tuesday. Centerspace has a 52-week low of $46.74 and a 52-week high of $66.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market cap of $847.18 million, a P/E ratio of 24.15, a P/E/G ratio of 1.69 and a beta of 0.93. The firm has a 50 day moving average price of $55.74 and a 200 day moving average price of $55.80.

Insider Buying and Selling

In other news, Director John A. Schissel purchased 500 shares of the company’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $56.40 per share, with a total value of $28,200.00. Following the purchase, the director now directly owns 9,522 shares of the company’s stock, valued at approximately $537,040.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Centerspace

Several hedge funds have recently made changes to their positions in CSR. Lazard Asset Management LLC bought a new position in shares of Centerspace in the 4th quarter valued at about $27,000. Tower Research Capital LLC TRC grew its stake in Centerspace by 82.7% in the third quarter. Tower Research Capital LLC TRC now owns 740 shares of the company’s stock valued at $45,000 after purchasing an additional 335 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Centerspace during the 2nd quarter worth approximately $46,000. ICA Group Wealth Management LLC bought a new stake in shares of Centerspace during the 4th quarter worth approximately $55,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Centerspace in the 1st quarter valued at approximately $66,000. 79.00% of the stock is owned by institutional investors.

Centerspace Company Profile

Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of September 30, 2023, Centerspace owned interests in 71 apartment communities consisting of 12,785 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota.