Centerspace (NYSE:CSR) Price Target Increased to $82.00 by Analysts at Raymond James

Centerspace (NYSE:CSR) had its price target raised by stock analysts at Raymond James from $75.00 to $82.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 10.11% from the stock’s current price.

Several other research analysts have also recently issued reports on CSR. Royal Bank of Canada increased their price objective on Centerspace from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. BTIG Research lifted their price objective on Centerspace from $69.00 to $79.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Compass Point lowered shares of Centerspace from a “buy” rating to a “neutral” rating and raised their target price for the stock from $65.00 to $68.00 in a research note on Friday, May 3rd. Finally, Piper Sandler raised their target price on shares of Centerspace from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.29.

Centerspace Price Performance

NYSE:CSR opened at $74.47 on Thursday. Centerspace has a 52 week low of $46.74 and a 52 week high of $75.21. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.79. The business’s 50-day simple moving average is $70.42 and its two-hundred day simple moving average is $65.00. The stock has a market cap of $1.11 billion, a PE ratio of -93.09, a P/E/G ratio of 2.09 and a beta of 0.88.

Centerspace (NYSE:CSR) last issued its quarterly earnings data on Monday, July 29th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $1.20 by ($1.39). Centerspace had a negative return on equity of 0.67% and a negative net margin of 2.16%. The company had revenue of $65.04 million for the quarter, compared to the consensus estimate of $65.90 million. During the same period in the previous year, the firm earned $1.28 earnings per share. As a group, analysts forecast that Centerspace will post 4.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. acquired a new stake in shares of Centerspace in the fourth quarter valued at approximately $5,238,000. Cbre Investment Management Listed Real Assets LLC acquired a new position in Centerspace during the 4th quarter worth $1,708,000. UniSuper Management Pty Ltd grew its holdings in Centerspace by 199.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 12,785 shares of the company’s stock worth $731,000 after acquiring an additional 8,515 shares in the last quarter. Boston Partners acquired a new position in shares of Centerspace in the 1st quarter valued at about $545,000. Finally, Van ECK Associates Corp lifted its position in Centerspace by 19.7% in the 4th quarter. Van ECK Associates Corp now owns 2,118 shares of the company’s stock valued at $123,000 after purchasing an additional 348 shares during the last quarter. 79.00% of the stock is owned by hedge funds and other 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.