Should I buy or sell Centerspace stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Centerspace in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CSR shares. View CSR analyst ratings or view top-rated stocks .

What is Centerspace's stock price target for 2024?

7 analysts have issued 1-year price objectives for Centerspace's shares. Their CSR share price targets range from $63.00 to $70.00. On average, they predict the company's share price to reach $65.57 in the next year. This suggests a possible upside of 5.9% from the stock's current price. View analysts price targets for CSR or view top-rated stocks among Wall Street analysts .

How have CSR shares performed in 2024?

Centerspace's stock was trading at $58.20 at the beginning of the year. Since then, CSR stock has increased by 6.4% and is now trading at $61.93. View the best growth stocks for 2024 here .

Are investors shorting Centerspace?

Centerspace saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 195,800 shares, a decline of 6.9% from the March 15th total of 210,300 shares. Based on an average daily trading volume, of 73,200 shares, the days-to-cover ratio is presently 2.7 days. View Centerspace's Short Interest .

When is Centerspace's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024. View our CSR earnings forecast .

How can I listen to Centerspace's earnings call?

Centerspace will be holding an earnings conference call on Tuesday, April 30th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 226-828-7578 with passcode "748370".

How were Centerspace's earnings last quarter?

Centerspace (NYSE:CSR) posted its quarterly earnings results on Monday, August, 1st. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.63) by $0.33. Centerspace had a trailing twelve-month return on equity of 4.76% and a net margin of 15.81%. During the same quarter last year, the business posted $0.95 earnings per share.

How often does Centerspace pay dividends? What is the dividend yield for Centerspace?

Centerspace declared a quarterly dividend on Tuesday, February 20th. Investors of record on Thursday, March 28th will be paid a dividend of $0.75 per share on Monday, April 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from the stock's previous quarterly dividend of $0.73. Read our dividend analysis for CSR .

Is Centerspace a good dividend stock?

Centerspace (NYSE:CSR) pays an annual dividend of $3.00 per share and currently has a dividend yield of 4.94%. CSR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 128.76%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CSR will have a dividend payout ratio of 61.10% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CSR .

What ETFs hold Centerspace's stock?

ETFs with the largest weight of Centerspace (NYSE:CSR) stock in their portfolio include Residential REIT ETF (HAUS) , Kelly Residential & Apartment Real Estate ETF (RESI) , U.S. Diversified Real Estate ETF (PPTY) , Invesco S&P SmallCap Low Volatility ETF (XSLV) , Nuveen Short-Term REIT ETF (NURE) and Intelligent Real Estate ETF (PRVT) . iShares Residential and Multisector Real Estate ETF (REZ) .

What guidance has Centerspace issued on next quarter's earnings?

Centerspace updated its FY24 earnings guidance on Tuesday, February, 20th. The company provided EPS guidance of $4.54-4.80 for the period, compared to the consensus earnings per share estimate of $4.67.

Who are Centerspace's major shareholders?

Centerspace's stock is owned by many different institutional and retail investors. Top institutional investors include Pensionfund DSM Netherlands (0.12%), Pensionfund Sabic (0.06%) and BTC Capital Management Inc. (0.03%). Insiders that own company stock include John A Schissel, Mark Okey Decker Jr, Mary J Twinem and Rodney Jones-Tyson. View institutional ownership trends .

How do I buy shares of Centerspace?

Shares of CSR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:CSR

Centerspace (CSR) Stock Price, News & Analysis

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Free CSR Stock Alerts

$61.93

-0.11 (-0.18%)

(As of 04/17/2024 ET)

Compare

Today's Range: $61.68
▼
$62.58
50-Day Range: $52.65
▼
$62.06
52-Week Range: $46.74
▼
$66.99

Volume: 75,619 shs
Average Volume: 79,611 shs
Market Capitalization: $922.08 million

P/E Ratio: 26.58
Dividend Yield: 4.84%
Price Target: $65.57

Get Centerspace alerts:

Centerspace MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 5.9% Upside
$65.57 Price Target
Short Interest: Healthy
1.32% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.32
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$28,200 Bought Last Quarter
Proj. Earnings Growth: 3.59%
From $4.74 to $4.91 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.19 out of 5 stars

Real Estate Sector

5th out of 11 stocks

REIT - Residential Industry

1st out of 1 stocks

1.3

Analyst's Opinion

Consensus Rating
Centerspace has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Centerspace has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.32% of the outstanding shares of Centerspace have been sold short.
Short Interest Ratio / Days to Cover
Centerspace has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Centerspace has recently decreased by 6.89%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Centerspace is a leading dividend payer. It pays a dividend yield of 4.94%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Centerspace has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Centerspace is 128.76%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Centerspace will have a dividend payout ratio of 61.10% next year. This indicates that Centerspace will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CSR.

3.5

News and Social Media Coverage

News Sentiment
Centerspace has a news sentiment score of 1.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.38 average news sentiment score of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Centerspace this week, compared to 1 article on an average week.
MarketBeat Follows
4 people have added Centerspace to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Centerspace insiders have bought more of their company's stock than they have sold. Specifically, they have bought $28,200.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.86% of the stock of Centerspace is held by insiders.
Percentage Held by Institutions
79.00% of the stock of Centerspace is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Centerspace are expected to grow by 3.59% in the coming year, from $4.74 to $4.91 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Centerspace is 26.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of Centerspace is 26.58, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 205.71.
Price to Earnings Growth Ratio
Centerspace has a PEG Ratio of 1.86. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Centerspace has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Centerspace Stock (NYSE:CSR)

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.

CSR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CSR Stock News Headlines

April 16, 2024 | americanbankingnews.com

Centerspace (NYSE:CSR) Short Interest Down 6.9% in March

April 16, 2024 | americanbankingnews.com

Centerspace (NYSE:CSR) Given Average Rating of "Moderate Buy" by Brokerages

April 18, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 8, 2024 | finance.yahoo.com

CENTERSPACE ANNOUNCES FIRST QUARTER 2024 EARNINGS RELEASE DATE

April 5, 2024 | finance.yahoo.com

Zacks Industry Outlook Highlights Invitation Homes, UMH Properties and Centerspace

March 26, 2024 | markets.businessinsider.com

Cracking The Code: Understanding Analyst Reviews For Center

March 16, 2024 | finance.yahoo.com

CSR Apr 2024 55.000 call

February 25, 2024 | seekingalpha.com

Tale Of Two Economies

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February 22, 2024 | finance.yahoo.com

Centerspace (NYSE:CSR) Q4 2023 Earnings Call Transcript

February 21, 2024 | markets.businessinsider.com

Buy Rating Justified by Centerspace’s Strong Market Stability and Positive Financial Performance

February 20, 2024 | msn.com

Centerspace raises quarterly dividend by 2.7% to $0.75/share

February 20, 2024 | prnewswire.com

Centerspace Announces Financial and Operating Results for the Year Ended December 31, 2023, Provides 2024 Financial Outlook and Dividend Increase

February 17, 2024 | finance.yahoo.com

CSR Mar 2024 65.000 call

January 27, 2024 | seekingalpha.com

Centerspace: A Value Buy In The Multifamily Space

January 25, 2024 | finance.yahoo.com

CENTERSPACE APPOINTS OLA OYINSAN HIXON TO BOARD OF TRUSTEES

January 24, 2024 | finance.yahoo.com

CENTERSPACE ANNOUNCES 2023 DIVIDEND ALLOCATIONS

January 18, 2024 | finance.yahoo.com

CENTERSPACE ANNOUNCES FOURTH QUARTER 2023 EARNINGS RELEASE DATE

January 16, 2024 | msn.com

Centerspace raised to Outperform as RBC praises market strength

January 16, 2024 | markets.businessinsider.com

A Closer Look at 4 Analyst Recommendations For Centerspace

December 21, 2023 | markets.businessinsider.com

Janney Montgomery Keeps Their Hold Rating on Centerspace (CSR)

November 7, 2023 | msn.com

Centerspace (NYSE:CSR) Rises on Analyst Upgrade

November 6, 2023 | seekingalpha.com

Centerspace: Viewed Neutrally Despite Positive Developments And Forward Guidance

November 1, 2023 | insidermonkey.com

Centerspace (NYSE:CSR) Q3 2023 Earnings Call Transcript

October 31, 2023 | seekingalpha.com

Centerspace (CSR) Q3 2023 Earnings Conference Call Transcript

October 30, 2023 | finance.yahoo.com

Centerspace Reports Third Quarter 2023 Financial Results and Raises Mid-Point for 2023 Core FFO Guidance

October 30, 2023 | msn.com

Centerspace (CSR) Q3 FFO Top Estimates

See More Headlines

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Company Calendar

Last Earnings: 8/01/2022
Ex-Dividend for 4/8 Dividend: 3/27/2024
Dividend Payable: 4/08/2024
Today: 4/17/2024
Next Earnings (Confirmed): 4/29/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: N/A
Current Symbol: NYSE:CSR
CUSIP: N/A
CIK: 798359
Web: www.iretapartments.com
Phone: (701) 837-4738
Fax: 701-838-7785
Employees: 377
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $65.57
High Stock Price Target: $70.00
Low Stock Price Target: $63.00
Potential Upside/Downside: +5.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.33
Trailing P/E Ratio: 26.63
Forward P/E Ratio: 13.09
P/E Growth: 1.86
Net Income: $41.97 million
Net Margins: 15.81%
Pretax Margin: 18.84%
Return on Equity: 4.76%
Return on Assets: 2.15%

Debt

Debt-to-Equity Ratio: 0.74
Current Ratio: 0.03
Quick Ratio: 0.03

Sales & Book Value

Annual Sales: $261.31 million
Price / Sales: 3.53
Cash Flow: $9.68 per share
Price / Cash Flow: 6.41
Book Value: $55.64 per share
Price / Book: 1.12

Miscellaneous

Outstanding Shares: 14,889,000
Free Float: 14,746,000
Market Cap: $923.71 million
Optionable: Optionable
Beta: 0.93

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Key Executives

Ms. Anne M. Olson Esq. (Age 47)
President, CEO, Secretary & Executive Trustee
Comp: $1.2M
Mr. Bhairav Patel (Age 46)
Executive VP & CFO
Comp: $1.04M
Joe McComish
Vice President of Finance and Investor Relations
Ms. Michelle R. Saari
Vice President of Marketing & Communications
Ms. Karin M. Wentz (Age 64)
Senior VP & Associate General Counsel
Mr. Grant P. Campbell
Senior Vice President of Investments
Ms. Julie Letner
Senior Vice President of Talent & Culture
Ms. Jean Denn
Senior Vice President of Operations
Ms. Susan J. Picotte
Vice President of Asset Management
Emily Miller
Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CSR Stock Analysis - Frequently Asked Questions

Should I buy or sell Centerspace stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Centerspace in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CSR shares.
View CSR analyst ratings or view top-rated stocks.
What is Centerspace's stock price target for 2024?: 7 analysts have issued 1-year price objectives for Centerspace's shares. Their CSR share price targets range from $63.00 to $70.00. On average, they predict the company's share price to reach $65.57 in the next year. This suggests a possible upside of 5.9% from the stock's current price.
View analysts price targets for CSR or view top-rated stocks among Wall Street analysts.
How have CSR shares performed in 2024?: Centerspace's stock was trading at $58.20 at the beginning of the year. Since then, CSR stock has increased by 6.4% and is now trading at $61.93.
View the best growth stocks for 2024 here.
Are investors shorting Centerspace?: Centerspace saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 195,800 shares, a decline of 6.9% from the March 15th total of 210,300 shares. Based on an average daily trading volume, of 73,200 shares, the days-to-cover ratio is presently 2.7 days.
View Centerspace's Short Interest.
When is Centerspace's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our CSR earnings forecast.
How can I listen to Centerspace's earnings call?: Centerspace will be holding an earnings conference call on Tuesday, April 30th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 226-828-7578 with passcode "748370".
How were Centerspace's earnings last quarter?: Centerspace (NYSE:CSR) posted its quarterly earnings results on Monday, August, 1st. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.63) by $0.33. Centerspace had a trailing twelve-month return on equity of 4.76% and a net margin of 15.81%. During the same quarter last year, the business posted $0.95 earnings per share.

How often does Centerspace pay dividends? What is the dividend yield for Centerspace?: Centerspace declared a quarterly dividend on Tuesday, February 20th. Investors of record on Thursday, March 28th will be paid a dividend of $0.75 per share on Monday, April 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from the stock's previous quarterly dividend of $0.73.
Read our dividend analysis for CSR.
Is Centerspace a good dividend stock?: Centerspace (NYSE:CSR) pays an annual dividend of $3.00 per share and currently has a dividend yield of 4.94%. CSR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 128.76%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CSR will have a dividend payout ratio of 61.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CSR.
What ETFs hold Centerspace's stock?: ETFs with the largest weight of Centerspace (NYSE:CSR) stock in their portfolio include Residential REIT ETF (HAUS), Kelly Residential & Apartment Real Estate ETF (RESI), U.S. Diversified Real Estate ETF (PPTY), Invesco S&P SmallCap Low Volatility ETF (XSLV), Nuveen Short-Term REIT ETF (NURE) and Intelligent Real Estate ETF (PRVT).iShares Residential and Multisector Real Estate ETF (REZ).
What guidance has Centerspace issued on next quarter's earnings?: Centerspace updated its FY24 earnings guidance on Tuesday, February, 20th. The company provided EPS guidance of $4.54-4.80 for the period, compared to the consensus earnings per share estimate of $4.67.
Who are Centerspace's major shareholders?: Centerspace's stock is owned by many different institutional and retail investors. Top institutional investors include Pensionfund DSM Netherlands (0.12%), Pensionfund Sabic (0.06%) and BTC Capital Management Inc. (0.03%). Insiders that own company stock include John A Schissel, Mark Okey Decker Jr, Mary J Twinem and Rodney Jones-Tyson.
View institutional ownership trends.
How do I buy shares of Centerspace?: Shares of CSR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CSR) was last updated on 4/18/2024 by MarketBeat.com Staff

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Centerspace (CSR) Stock Price, News & Analysis

Centerspace MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Centerspace Stock (NYSE:CSR)

CSR Stock Price History

CSR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CSR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™