Centerspace (NYSE:CSR) Receives $69.67 Average Target Price from Analysts

Centerspace (NYSE:CSR) has earned an average rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $69.6667.

Several research firms recently commented on CSR. UBS Group upped their target price on shares of Centerspace from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Raymond James Financial restated a “market perform” rating on shares of Centerspace in a report on Wednesday, November 12th. Wells Fargo & Company upped their price objective on shares of Centerspace from $60.00 to $74.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Cantor Fitzgerald restated a “neutral” rating on shares of Centerspace in a research note on Wednesday, November 12th. Finally, Wall Street Zen raised shares of Centerspace from a “sell” rating to a “hold” rating in a report on Saturday, November 8th.

Centerspace Trading Down 2.2%

Centerspace stock opened at $64.59 on Tuesday. Centerspace has a 52 week low of $52.76 and a 52 week high of $71.84. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market capitalization of $1.08 billion, a PE ratio of 36.08 and a beta of 0.78. The business’s 50-day simple moving average is $61.90 and its 200-day simple moving average is $60.34.

Centerspace (NYSE:CSR) last announced its earnings results on Monday, November 3rd. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.03). Centerspace had a net margin of 11.14% and a return on equity of 3.52%. Centerspace has set its FY 2025 guidance at 4.880-4.960 EPS. Equities research analysts forecast that Centerspace will post 4.94 earnings per share for the current year.

Centerspace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $3.08 dividend on an annualized basis and a yield of 4.8%. Centerspace’s dividend payout ratio is currently 172.07%.

Hedge Funds Weigh In On Centerspace

A number of hedge funds and other institutional investors have recently bought and sold shares of CSR. Vanguard Group Inc. increased its stake in Centerspace by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 2,603,360 shares of the company’s stock worth $168,568,000 after purchasing an additional 8,994 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Centerspace by 157.4% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 57,468 shares of the company’s stock worth $3,721,000 after acquiring an additional 35,139 shares during the period. Invesco Ltd. lifted its position in Centerspace by 32.3% in the 1st quarter. Invesco Ltd. now owns 135,365 shares of the company’s stock valued at $8,765,000 after acquiring an additional 33,069 shares in the last quarter. Phocas Financial Corp. increased its holdings in Centerspace by 120.0% during the 2nd quarter. Phocas Financial Corp. now owns 122,028 shares of the company’s stock worth $7,345,000 after purchasing an additional 66,565 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of Centerspace in the 1st quarter valued at about $321,000. 79.00% of the stock is owned by institutional investors.

About Centerspace

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.