Centerspace (NYSE:CSR) Hits New 12-Month High – Should You Buy?

Centerspace (NYSE:CSR) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.00 and last traded at $67.5020, with a volume of 488 shares traded. The stock had previously closed at $67.59.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CSR. Wells Fargo & Company reduced their target price on shares of Centerspace from $74.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Piper Sandler upgraded Centerspace from a “neutral” rating to an “overweight” rating and raised their target price for the company from $69.00 to $72.00 in a report on Tuesday, April 7th. Weiss Ratings upgraded Centerspace from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Centerspace from a “strong sell” rating to a “sell” rating in a research report on Sunday. Finally, Royal Bank Of Canada boosted their target price on shares of Centerspace from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $69.40.

Centerspace Stock Up 0.3%

The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market capitalization of $1.14 billion, a P/E ratio of 150.69 and a beta of 0.89. The stock has a fifty day moving average price of $63.08 and a two-hundred day moving average price of $63.94.

Centerspace (NYSE:CSR) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.48). Centerspace had a return on equity of 0.94% and a net margin of 2.93%.The business had revenue of $65.07 million during the quarter, compared to analyst estimates of $66.54 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. Research analysts forecast that Centerspace will post 4.85 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Doliver Advisors LP lifted its stake in Centerspace by 3.0% in the fourth quarter. Doliver Advisors LP now owns 5,930 shares of the company’s stock valued at $396,000 after buying an additional 170 shares during the last quarter. Avalon Trust Co lifted its position in Centerspace by 36.3% in the 1st quarter. Avalon Trust Co now owns 709 shares of the company’s stock valued at $41,000 after purchasing an additional 189 shares during the last quarter. Amalgamated Bank lifted its position in Centerspace by 4.1% in the 3rd quarter. Amalgamated Bank now owns 4,927 shares of the company’s stock valued at $290,000 after purchasing an additional 194 shares during the last quarter. Captrust Financial Advisors boosted its stake in Centerspace by 4.9% during the 4th quarter. Captrust Financial Advisors now owns 4,348 shares of the company’s stock valued at $290,000 after purchasing an additional 202 shares during the period. Finally, State of Alaska Department of Revenue grew its position in Centerspace by 1.2% in the 4th quarter. State of Alaska Department of Revenue now owns 17,657 shares of the company’s stock worth $1,176,000 after purchasing an additional 212 shares during the last quarter. 79.00% of the stock is currently 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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.