Centerspace (NYSE:CSR) Given Consensus Rating of “Hold” by Analysts

Centerspace (NYSE:CSR) has received an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $69.3750.

CSR has been the topic of a number of recent research reports. Piper Sandler decreased their price objective on Centerspace from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. UBS Group upped their price target on Centerspace from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Wells Fargo & Company lifted their price objective on Centerspace from $60.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Cantor Fitzgerald reissued a “neutral” rating on shares of Centerspace in a report on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centerspace in a research note on Monday, December 15th.

Centerspace Stock Up 0.4%

Shares of NYSE:CSR opened at $67.30 on Friday. Centerspace has a 12 month low of $52.76 and a 12 month high of $69.15. The company’s 50-day moving average price is $63.79 and its two-hundred day moving average price is $60.53. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.96. The firm has a market cap of $1.12 billion, a P/E ratio of 37.60 and a beta of 0.78.

Centerspace (NYSE:CSR) last announced its earnings results on Monday, November 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). Centerspace had a return on equity of 3.52% and a net margin of 11.14%.Centerspace has set its FY 2025 guidance at 4.880-4.960 EPS. As a group, research analysts forecast that Centerspace will post 4.94 EPS for the current fiscal year.

Centerspace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $3.08 dividend on an annualized basis and a yield of 4.6%. Centerspace’s dividend payout ratio (DPR) is presently 172.07%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CSR. Hilltop National Bank acquired a new stake in shares of Centerspace during the second quarter worth $29,000. Hantz Financial Services Inc. boosted its holdings in Centerspace by 998.3% during the third quarter. Hantz Financial Services Inc. now owns 659 shares of the company’s stock worth $39,000 after buying an additional 599 shares during the last quarter. Wolff Wiese Magana LLC grew its position in shares of Centerspace by 897.3% during the 2nd quarter. Wolff Wiese Magana LLC now owns 748 shares of the company’s stock worth $45,000 after buying an additional 673 shares during the period. Versant Capital Management Inc increased its stake in shares of Centerspace by 488.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,630 shares of the company’s stock valued at $96,000 after acquiring an additional 1,353 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Centerspace by 103.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,176 shares of the company’s stock valued at $131,000 after acquiring an additional 1,106 shares during the last quarter. 79.00% of the stock is currently owned by institutional investors.

About Centerspace

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.