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

Shares of Centerspace (NYSE:CSR) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $68.8333.

A number of analysts recently commented on CSR shares. Piper Sandler raised Centerspace from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $69.00 to $72.00 in a research note on Tuesday, April 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Centerspace in a research note on Monday, December 29th. Wall Street Zen raised Centerspace from a “strong sell” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Company dropped their price target on Centerspace from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Thursday, March 5th. Finally, UBS Group raised their price target on Centerspace from $63.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th.

Centerspace Stock Performance

NYSE:CSR opened at $63.90 on Monday. Centerspace has a fifty-two week low of $52.76 and a fifty-two week high of $69.15. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.04 and a current ratio of 0.04. The business has a 50 day moving average price of $61.64 and a 200-day moving average price of $62.74. The firm has a market cap of $1.07 billion, a PE ratio of 63.90 and a beta of 0.81.

Centerspace (NYSE:CSR) last released 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 return on equity of 2.00% and a net margin of 6.25%.The business had revenue of $66.62 million during the quarter, compared to analysts’ expectations of $69.77 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. Equities research analysts predict that Centerspace will post 4.94 earnings per share for the current year.

Centerspace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Monday, March 30th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $3.08 dividend on an annualized basis and a yield of 4.8%. Centerspace’s dividend payout ratio (DPR) is presently 308.00%.

Institutional Trading of Centerspace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSR. Royal Bank of Canada lifted its stake in Centerspace by 199.5% in the first quarter. Royal Bank of Canada now owns 15,720 shares of the company’s stock worth $1,019,000 after acquiring an additional 10,472 shares during the period. AQR Capital Management LLC raised its holdings in Centerspace by 32.5% in the first quarter. AQR Capital Management LLC now owns 4,891 shares of the company’s stock worth $317,000 after purchasing an additional 1,200 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Centerspace by 2.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company’s stock worth $958,000 after purchasing an additional 287 shares in the last quarter. Millennium Management LLC raised its holdings in Centerspace by 307.3% in the first quarter. Millennium Management LLC now owns 184,051 shares of the company’s stock worth $11,917,000 after purchasing an additional 138,861 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Centerspace by 17.8% in the first quarter. Goldman Sachs Group Inc. now owns 138,676 shares of the company’s stock worth $8,979,000 after purchasing an additional 20,992 shares in the last quarter. Hedge funds and other institutional investors own 79.00% of the company’s stock.

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.