Centerspace (NYSE:CSR – Get Free Report) updated its FY 2026 earnings guidance on Monday morning. The company provided earnings per share guidance of 4.580-4.680 for the period, compared to the consensus earnings per share estimate of 4.850. The company issued revenue guidance of -.
Centerspace Stock Up 1.3%
CSR stock opened at $55.54 on Tuesday. 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 stock has a market capitalization of $933.07 million, a price-to-earnings ratio of 123.42 and a beta of 0.88. The business’s fifty day moving average price is $57.66 and its two-hundred day moving average price is $61.49. Centerspace has a fifty-two week low of $52.76 and a fifty-two week high of $69.61.
Centerspace (NYSE:CSR – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. Centerspace had a net margin of 2.93% and a return on equity of 0.94%. The company had revenue of $65.78 million during the quarter, compared to the consensus estimate of $66.29 million. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. On average, equities analysts anticipate that Centerspace will post 4.83 earnings per share for the current year.
Centerspace Announces Dividend
Analyst Upgrades and Downgrades
CSR has been the topic of a number of analyst reports. Piper Sandler lowered their target price on shares of Centerspace from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. Wells Fargo & Company reduced their price objective on shares of Centerspace from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings lowered Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Royal Bank Of Canada cut their target price on shares of Centerspace from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. Finally, BTIG Research lowered shares of Centerspace from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Centerspace presently has an average rating of “Hold” and a consensus target price of $64.40.
Read Our Latest Research Report on CSR
Insider Buying and Selling
In other news, Director Rodney Jones-Tyson purchased 1,700 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were purchased at an average price of $55.26 per share, for a total transaction of $93,942.00. Following the completion of the acquisition, the director directly owned 7,877 shares in the company, valued at $435,283.02. This represents a 27.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John A. Schissel acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average price of $54.90 per share, with a total value of $27,450.00. Following the completion of the acquisition, the director owned 17,195 shares in the company, valued at $944,005.50. The trade was a 2.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.49% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in CSR. Captrust Financial Advisors increased its stake in shares of Centerspace by 4.9% during the fourth quarter. Captrust Financial Advisors now owns 4,348 shares of the company’s stock valued at $290,000 after buying an additional 202 shares during the period. Engineers Gate Manager LP grew its holdings in Centerspace by 6.4% in the fourth quarter. Engineers Gate Manager LP now owns 4,091 shares of the company’s stock worth $273,000 after purchasing an additional 246 shares during the last quarter. State of Tennessee Department of Treasury increased its position in shares of Centerspace by 3.7% during the second quarter. State of Tennessee Department of Treasury now owns 6,877 shares of the company’s stock worth $414,000 after purchasing an additional 247 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its position in shares of Centerspace by 26.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,337 shares of the company’s stock worth $89,000 after purchasing an additional 280 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Centerspace by 2.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company’s stock valued at $958,000 after purchasing an additional 287 shares during the last quarter. 79.00% of the stock is owned by hedge funds and other 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.
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