Centerspace (NYSE:CSR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Centerspace (NYSE:CSR) have been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $69.8571.

Several research analysts have issued reports on the company. Raymond James Financial reaffirmed a “market perform” rating on shares of Centerspace in a report on Wednesday, November 12th. Wells Fargo & Company lifted their target price on Centerspace from $60.00 to $74.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. Piper Sandler reduced their target price on Centerspace from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Centerspace in a research report on Monday, December 29th. Finally, Wall Street Zen raised Centerspace from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th.

Centerspace Price Performance

Shares of NYSE CSR opened at $64.60 on Wednesday. Centerspace has a twelve month low of $52.76 and a twelve month high of $69.15. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average of $65.79 and a two-hundred day moving average of $60.97. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 36.09 and a beta of 0.78.

Centerspace (NYSE:CSR) last released its earnings results on Monday, November 3rd. The company reported $1.19 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, analysts expect that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, December 30th. Centerspace’s dividend payout ratio (DPR) is 172.07%.

Institutional Investors Weigh In On Centerspace

Several hedge funds have recently made changes to their positions in the company. Aberdeen Group plc grew its position in Centerspace by 14.4% during the 4th quarter. Aberdeen Group plc now owns 6,028 shares of the company’s stock worth $402,000 after purchasing an additional 758 shares in the last quarter. Pensionfund Sabic purchased a new stake in shares of Centerspace in the fourth quarter valued at $302,000. Pensionfund PDN acquired a new stake in shares of Centerspace in the fourth quarter worth $719,000. SG Americas Securities LLC boosted its position in shares of Centerspace by 175.3% in the fourth quarter. SG Americas Securities LLC now owns 7,962 shares of the company’s stock worth $531,000 after buying an additional 5,070 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Centerspace during the fourth quarter valued at $220,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.

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.