Royal Bank Of Canada Forecasts Strong Price Appreciation for Centerspace (NYSE:CSR) Stock

Centerspace (NYSE:CSR) had its price target upped by equities researchers at Royal Bank Of Canada from $68.00 to $72.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 15.46% from the company’s previous close.

Other equities analysts have also issued reports about the company. Wells Fargo & Company increased 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 upgraded shares of Centerspace from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Piper Sandler lifted their price target on shares of Centerspace from $66.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday. Cantor Fitzgerald restated a “neutral” rating and issued a $65.00 price objective on shares of Centerspace in a report on Monday, January 5th. Finally, UBS Group upped their price objective on shares of Centerspace from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $70.29.

Centerspace Price Performance

CSR stock opened at $62.36 on Thursday. The firm has a 50 day simple moving average of $65.08 and a two-hundred day simple moving average of $61.85. The stock has a market cap of $1.05 billion, a PE ratio of 62.36 and a beta of 0.78. Centerspace has a one year low of $52.76 and a one year high of $69.15. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.04 and a quick ratio of 0.18.

Centerspace (NYSE:CSR) last posted its quarterly earnings data on Tuesday, February 17th. The company reported ($1.10) earnings per share 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 analysts’ expectations of $69.77 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. On average, analysts predict that Centerspace will post 4.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Centerspace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in Centerspace by 57,100.0% in the 4th quarter. Covestor Ltd now owns 572 shares of the company’s stock worth $38,000 after acquiring an additional 571 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of 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 purchasing an additional 599 shares during the period. Danske Bank A S bought a new stake in shares of Centerspace in the fourth quarter worth about $47,000. Kestra Advisory Services LLC bought a new stake in shares of Centerspace in the fourth quarter worth about $58,000. Finally, GAMMA Investing LLC increased its holdings in Centerspace by 107.0% during the 4th quarter. GAMMA Investing LLC now owns 942 shares of the company’s stock valued at $63,000 after purchasing an additional 487 shares during the period. 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.