Centerspace (NYSE:CSR) Stock Has Consensus Price Target of $64.00

Shares of Centerspace (NYSE:CSR) have been assigned an average recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $64.00.

A number of equities research analysts have recently issued reports on the company. UBS Group lowered their target price on Centerspace from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Tuesday, September 15th. Weiss Ratings cut Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. BTIG Research cut Centerspace from a “buy” rating to a “neutral” rating in a report on Tuesday, June 16th. Zacks Research downgraded shares of Centerspace from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 18th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 price objective on shares of Centerspace in a research note on Thursday, September 10th.

Institutional Trading of Centerspace

Several large investors have recently modified their holdings of the business. Avalon Trust Co increased its position 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 acquiring an additional 189 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Centerspace by 67.4% in the first quarter. Sound Income Strategies LLC now owns 626 shares of the company’s stock valued at $36,000 after purchasing an additional 252 shares during the last quarter. Amundi grew its stake in Centerspace by 4.4% during the 1st quarter. Amundi now owns 11,052 shares of the company’s stock valued at $635,000 after purchasing an additional 462 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Centerspace by 16.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,611 shares of the company’s stock valued at $241,000 after purchasing an additional 500 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its stake in Centerspace by 7.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 7,502 shares of the company’s stock valued at $431,000 after purchasing an additional 504 shares in the last quarter. 79.00% of the stock is currently owned by institutional investors and hedge funds.

Centerspace Stock Down 1.2%

Shares of NYSE CSR opened at $54.47 on Monday. Centerspace has a 12-month low of $52.00 and a 12-month high of $69.61. The company has a market cap of $914.62 million, a P/E ratio of 43.23 and a beta of 0.86. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.87. The stock has a fifty day moving average price of $55.08 and a 200 day moving average price of $58.93.

Centerspace (NYSE:CSR) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. The company had revenue of $65.78 million for the quarter, compared to analyst estimates of $66.29 million. Centerspace had a return on equity of 2.58% and a net margin of 7.97%.Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. Research analysts anticipate that Centerspace will post 4.67 EPS for the current fiscal year.

Centerspace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 29th will be issued a $0.77 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $3.08 dividend on an annualized basis and a yield of 5.7%. Centerspace’s payout ratio is currently 244.44%.

About Centerspace

Centerspace (NYSE:CSR) is a self-administered and self-managed real estate investment trust focused on the ownership, management and operation of multifamily apartment communities. The company generates revenue primarily through apartment rents and related resident services, while seeking to provide well-maintained housing in markets with attractive employment and population trends.

Centerspace’s portfolio is concentrated in the Upper Midwest and Mountain West, with properties serving residents in states that have included Colorado, Minnesota, Montana, North Dakota, South Dakota and Wisconsin.