Brokerages Set Centerspace (NYSE:CSR) Target Price at $69.40

Shares of Centerspace (NYSE:CSR) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $69.40.

A number of brokerages have recently commented on CSR. Weiss Ratings upgraded shares of Centerspace from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Wells Fargo & Company cut their price target on shares of Centerspace from $74.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Piper Sandler upgraded shares of Centerspace from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $69.00 to $72.00 in a report on Tuesday, April 7th. Wall Street Zen upgraded shares of Centerspace from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. Finally, Royal Bank Of Canada lifted their price target on shares of Centerspace from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th.

Hedge Funds Weigh In On Centerspace

A number of hedge funds have recently modified their holdings of the business. Doliver Advisors LP lifted its holdings in shares of Centerspace by 3.0% during the fourth quarter. Doliver Advisors LP now owns 5,930 shares of the company’s stock worth $396,000 after purchasing an additional 170 shares during the period. Avalon Trust Co lifted its holdings in shares of Centerspace by 36.3% during the first quarter. Avalon Trust Co now owns 709 shares of the company’s stock worth $41,000 after purchasing an additional 189 shares during the period. Amalgamated Bank lifted its holdings in shares of Centerspace by 4.1% during the third quarter. Amalgamated Bank now owns 4,927 shares of the company’s stock worth $290,000 after purchasing an additional 194 shares during the period. Captrust Financial Advisors raised its stake in Centerspace by 4.9% during the fourth quarter. Captrust Financial Advisors now owns 4,348 shares of the company’s stock worth $290,000 after buying an additional 202 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Centerspace by 1.2% during the fourth quarter. State of Alaska Department of Revenue now owns 17,657 shares of the company’s stock worth $1,176,000 after buying an additional 212 shares during the last quarter. Institutional investors and hedge funds own 79.00% of the company’s stock.

Centerspace Stock Performance

Shares of Centerspace stock opened at $67.44 on Tuesday. Centerspace has a fifty-two week low of $52.76 and a fifty-two week high of $69.61. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market capitalization of $1.13 billion, a P/E ratio of 149.87 and a beta of 0.89. The company’s 50 day moving average price is $64.11 and its two-hundred day moving average price is $64.41.

Centerspace (NYSE:CSR) last issued its earnings results on Monday, May 4th. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.48). Centerspace had a net margin of 2.93% and a return on equity of 0.94%. The company had revenue of $65.07 million during the quarter, compared to analyst estimates of $66.54 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. On average, equities analysts forecast that Centerspace will post 4.9 earnings per share for the current fiscal year.

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.