Centerspace (NYSE:CSR) Receives Consensus Rating of “Buy” from Analysts

Centerspace (NYSE:CSRGet Rating) has been given a consensus rating of “Buy” by the ten research firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $106.11.

A number of equities research analysts have recently weighed in on CSR shares. Zacks Investment Research raised Centerspace from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a report on Tuesday, March 8th. Robert W. Baird lifted their target price on Centerspace from $106.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, January 7th. Finally, Royal Bank of Canada started coverage on Centerspace in a report on Friday, March 11th. They set a “sector perform” rating and a $105.00 target price for the company.

Shares of Centerspace stock opened at $99.75 on Wednesday. The business has a fifty day simple moving average of $97.31 and a two-hundred day simple moving average of $100.12. Centerspace has a 1 year low of $67.85 and a 1 year high of $112.27. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -231.97, a P/E/G ratio of 3.06 and a beta of 0.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.11 and a quick ratio of 0.11.

Centerspace (NYSE:CSRGet Rating) last posted its earnings results on Monday, February 28th. The company reported ($0.61) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.45) by ($0.16). During the same period in the prior year, the business earned $1.02 earnings per share. As a group, equities analysts anticipate that Centerspace will post 4.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 11th. Shareholders of record on Thursday, March 31st were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Wednesday, March 30th. This is a boost from Centerspace’s previous quarterly dividend of $0.72. Centerspace’s payout ratio is currently -679.05%.

A number of institutional investors have recently added to or reduced their stakes in CSR. SG Americas Securities LLC grew its position in Centerspace by 859.6% in the third quarter. SG Americas Securities LLC now owns 21,707 shares of the company’s stock valued at $2,051,000 after acquiring an additional 19,445 shares during the last quarter. Yousif Capital Management LLC bought a new stake in shares of Centerspace during the fourth quarter worth about $1,438,000. Jackson Creek Investment Advisors LLC bought a new stake in shares of Centerspace during the fourth quarter worth about $1,185,000. Ensign Peak Advisors Inc grew its holdings in shares of Centerspace by 41.0% during the third quarter. Ensign Peak Advisors Inc now owns 5,500 shares of the company’s stock worth $520,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Centerspace by 4.8% during the third quarter. Comerica Bank now owns 12,726 shares of the company’s stock worth $1,320,000 after purchasing an additional 578 shares during the last quarter. Hedge funds and other institutional investors own 86.49% of the company’s stock.

Centerspace Company Profile (Get Rating)

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 June 30, 2021, Centerspace owned 62 apartment communities consisting of 11,579 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota.

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Analyst Recommendations for Centerspace (NYSE:CSR)

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