Centerspace (NYSE:CSR – Get Free Report) had its price objective dropped by research analysts at Wells Fargo & Company from $57.00 to $53.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential downside of 3.58% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. Zacks Research raised Centerspace from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. UBS Group cut their price target on Centerspace from $68.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Centerspace in a report on Thursday, September 10th. Royal Bank Of Canada reduced their price objective on Centerspace from $67.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. 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. Two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.50.
Centerspace Stock Performance
Shares of NYSE:CSR traded down $1.07 on Monday, hitting $54.97. 37,844 shares of the company were exchanged, compared to its average volume of 171,204. The company’s 50 day moving average price is $54.97 and its two-hundred day moving average price is $58.63. Centerspace has a one year low of $52.00 and a one year high of $69.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market capitalization of $924.60 million, a price-to-earnings ratio of 43.64 and a beta of 0.84.
Centerspace (NYSE:CSR – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The business had revenue of $65.78 million during the quarter, compared to analyst estimates of $66.29 million. Centerspace had a net margin of 7.97% and a return on equity of 2.58%. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. Research analysts expect that Centerspace will post 4.67 earnings per share for the current year.
Hedge Funds Weigh In On Centerspace
Several institutional investors have recently added to or reduced their stakes in the company. Pacific Heights Asset Management LLC bought a new stake in Centerspace during the second quarter worth about $16,857,000. Bank of New York Mellon Corp acquired a new stake in shares of Centerspace during the second quarter worth approximately $7,190,000. Legal & General Group Plc acquired a new stake in shares of Centerspace during the second quarter worth approximately $5,386,000. BlackRock Inc. bought a new position in shares of Centerspace in the second quarter valued at approximately $167,912,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Centerspace in the second quarter valued at approximately $7,009,000. 79.00% of the stock is owned by institutional investors.
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.
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