Centerspace (NYSE:CSR) Given Average Recommendation of “Hold” by Analysts

Centerspace (NYSE:CSR) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $70.2857.

A number of analysts have recently issued reports on CSR shares. UBS Group upped their target price on shares of Centerspace from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Wells Fargo & Company lifted their price objective on Centerspace from $60.00 to $74.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Wall Street Zen downgraded Centerspace from a “hold” rating to a “strong sell” rating in a report on Saturday. Piper Sandler raised their target price on Centerspace from $66.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $65.00 price target on shares of Centerspace in a research note on Monday, January 5th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Pacific Heights Asset Management LLC boosted its position in shares of Centerspace by 12.5% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock worth $13,252,000 after purchasing an additional 25,000 shares in the last quarter. Phocas Financial Corp. increased its position in Centerspace by 120.0% during the 2nd quarter. Phocas Financial Corp. now owns 122,028 shares of the company’s stock valued at $7,345,000 after buying an additional 66,565 shares in the last quarter. Geode Capital Management LLC raised its stake in Centerspace by 0.9% during the second quarter. Geode Capital Management LLC now owns 435,025 shares of the company’s stock valued at $26,185,000 after buying an additional 4,090 shares during the last quarter. Bank of Montreal Can boosted its holdings in Centerspace by 414.6% in the second quarter. Bank of Montreal Can now owns 26,906 shares of the company’s stock worth $1,619,000 after acquiring an additional 21,677 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in Centerspace by 131.9% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 133,241 shares of the company’s stock worth $8,020,000 after acquiring an additional 75,773 shares in the last quarter. 79.00% of the stock is owned by hedge funds and other institutional investors.

Centerspace Stock Down 1.6%

Shares of NYSE CSR opened at $62.36 on Friday. The company has a current ratio of 0.04, a quick ratio of 0.18 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average of $65.08 and a 200-day moving average of $61.90. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 62.36 and a beta of 0.78. Centerspace has a 12 month low of $52.76 and a 12 month high of $69.15.

Centerspace (NYSE:CSR) last announced its earnings results on Tuesday, February 17th. The company reported ($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($2.31). Centerspace had a net margin of 6.25% and a return on equity of 2.00%. The company had revenue of $66.62 million for the quarter, compared to the consensus estimate of $69.77 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. Sell-side analysts expect that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th will be given a $0.77 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.9%. Centerspace’s dividend payout ratio is currently 308.00%.

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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.