Shares of Centerspace (NYSE:CSR – Get Free Report) have received an average recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $64.00.
A number of analysts have weighed in on CSR shares. Cantor Fitzgerald reissued a “neutral” rating and set a $57.00 price objective on shares of Centerspace in a report on Thursday, September 10th. Piper Sandler dropped their target price on Centerspace from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, August 27th. BTIG Research lowered shares of Centerspace from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 16th. Wells Fargo & Company cut their price target on shares of Centerspace from $60.00 to $57.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Finally, Compass Point raised Centerspace from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $64.50 to $80.00 in a report on Wednesday, September 9th.
View Our Latest Report on Centerspace
Centerspace Stock Up 0.1%
Centerspace (NYSE:CSR – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.06. Centerspace had a return on equity of 2.58% and a net margin of 7.97%.The company had revenue of $65.78 million during the quarter, compared to analyst estimates of $66.29 million. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. As a group, analysts forecast that Centerspace will post 4.67 earnings per share for the current fiscal year.
Centerspace Dividend Announcement
The firm also recently declared 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 annualized dividend and a yield of 5.6%. Centerspace’s payout ratio is 244.44%.
Institutional Investors Weigh In On Centerspace
Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Centerspace in the 2nd quarter valued at about $167,912,000. Voss Capital LP acquired a new position in shares of Centerspace during the fourth quarter worth approximately $22,068,000. Pacific Heights Asset Management LLC bought a new position in shares of Centerspace in the second quarter worth $16,857,000. Dimensional Fund Advisors LP increased its stake in Centerspace by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 238,535 shares of the company’s stock valued at $13,704,000 after buying an additional 2,139 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Centerspace during the second quarter valued at approximately $7,190,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.
Centerspace Company Profile
Centerspace (NYSE:CSR) is a real estate investment trust that owns, operates and manages apartment communities. The company focuses on providing rental housing and generating income through multifamily properties, with operations concentrated in select markets across the Upper Midwest and Mountain West regions of the United States.
Its portfolio includes apartment communities serving a range of residents and household needs. Centerspace is involved in property management, leasing, resident services, maintenance and the ongoing improvement of its communities.
Featured Stories
- Five stocks we like better than Centerspace
- Could Nike’s Brutal Sell-Off Finally Be Running Out of Steam?
- The AI Buildout Needs Power It Cannot Get: 4 Energy Stocks Already Have It
- McDonald’s Is Undergoing a Massive New Growth Strategy. Can It Win Back Consumers?
- MGM Resorts Stock Sinks After Diller Deal Collapse: Overreaction or Warning?
Receive News & Ratings for Centerspace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerspace and related companies with MarketBeat.com's FREE daily email newsletter.
