Centerspace (NYSE:CSR) Given Consensus Rating of “Hold” by Analysts

Shares of Centerspace (NYSE:CSR) have received an average rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $66.40.

Several equities analysts have recently weighed in on the company. BTIG Research cut Centerspace from a “buy” rating to a “neutral” rating in a report on Tuesday, June 16th. Royal Bank Of Canada cut their price objective on Centerspace from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Friday, June 5th. UBS Group upped their price objective on Centerspace from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings downgraded Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Finally, Wells Fargo & Company raised their target price on Centerspace from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st.

Centerspace Stock Performance

Shares of CSR stock opened at $55.65 on Wednesday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average price of $59.78 and a 200-day moving average price of $62.16. Centerspace has a 52 week low of $52.76 and a 52 week high of $69.61. The firm has a market capitalization of $935.14 million, a PE ratio of 123.67 and a beta of 0.89.

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

Centerspace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Monday, June 29th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Monday, June 29th. Centerspace’s dividend payout ratio is 684.44%.

Insider Buying and Selling

In other Centerspace news, Director John A. Schissel acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were bought 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. This represents a 2.99% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rodney Jones-Tyson bought 1,700 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average price of $55.26 per share, with a total value of $93,942.00. Following the completion of the transaction, the director directly owned 7,877 shares of the company’s stock, valued at $435,283.02. This trade represents a 27.52% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Centerspace

A number of hedge funds have recently modified their holdings of the business. Doliver Advisors LP increased its position in Centerspace by 3.0% in the fourth quarter. Doliver Advisors LP now owns 5,930 shares of the company’s stock worth $396,000 after buying an additional 170 shares in the last quarter. Avalon Trust Co raised its stake in shares of Centerspace by 36.3% in the first quarter. Avalon Trust Co now owns 709 shares of the company’s stock worth $41,000 after buying an additional 189 shares during the period. Captrust Financial Advisors lifted its position in shares of 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 buying an additional 202 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Centerspace by 1.2% during the 4th quarter. State of Alaska Department of Revenue now owns 17,657 shares of the company’s stock valued at $1,176,000 after buying an additional 212 shares in the last quarter. Finally, Engineers Gate Manager LP grew its stake in shares of Centerspace by 6.4% during the 4th quarter. Engineers Gate Manager LP now owns 4,091 shares of the company’s stock valued at $273,000 after acquiring an additional 246 shares during the period. Institutional investors own 79.00% of the company’s stock.

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.