Centerspace (NYSE:CSR) Given Average Recommendation of “Hold” by Analysts

Centerspace (NYSE:CSR) has been given an average rating of “Hold” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $69.5714.

A number of research analysts have commented on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $65.00 price objective on shares of Centerspace in a research note on Monday, January 5th. Raymond James Financial reissued a “market perform” rating on shares of Centerspace in a research report on Wednesday, November 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Centerspace in a research note on Monday, December 29th. Piper Sandler increased their price target on shares of Centerspace from $66.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Finally, Wall Street Zen downgraded Centerspace from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 21st.

Centerspace Price Performance

CSR stock opened at $62.57 on Thursday. The stock’s 50 day moving average is $64.10 and its two-hundred day moving average is $62.55. Centerspace has a 52-week low of $52.76 and a 52-week high of $69.15. The company has a market capitalization of $1.05 billion, a PE ratio of 62.57 and a beta of 0.79. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.86.

Centerspace (NYSE:CSR) last released its earnings results on Tuesday, February 17th. The company reported ($1.10) EPS 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 business 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. Analysts predict that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 30th will be paid a dividend of $0.77 per share. The ex-dividend date is Monday, March 30th. This represents a $3.08 annualized dividend and a yield of 4.9%. Centerspace’s payout ratio is presently 308.00%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its holdings in shares of Centerspace by 324.4% in the 4th quarter. Wellington Management Group LLP now owns 855,869 shares of the company’s stock valued at $57,104,000 after buying an additional 654,209 shares during the period. Land & Buildings Investment Management LLC raised its stake in Centerspace by 96.4% during the third quarter. Land & Buildings Investment Management LLC now owns 599,252 shares of the company’s stock worth $35,296,000 after acquiring an additional 294,086 shares during the period. Long Pond Capital LP lifted its holdings in Centerspace by 108.0% in the fourth quarter. Long Pond Capital LP now owns 444,101 shares of the company’s stock worth $29,630,000 after acquiring an additional 230,638 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Centerspace by 0.9% in the second quarter. Geode Capital Management LLC now owns 435,025 shares of the company’s stock worth $26,185,000 after acquiring an additional 4,090 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Centerspace by 9.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 340,286 shares of the company’s stock valued at $22,704,000 after acquiring an additional 28,809 shares during the period. 79.00% of the stock is currently owned by 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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.