Piper Sandler Has Lowered Expectations for Centerspace (NYSE:CSR) Stock Price

Centerspace (NYSE:CSR) had its target price lowered by Piper Sandler from $58.00 to $56.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target would indicate a potential downside of 0.04% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Weiss Ratings lowered Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. BTIG Research downgraded shares of Centerspace from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 16th. Wall Street Zen raised shares of Centerspace from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Cantor Fitzgerald restated a “neutral” rating and set a $57.00 price objective on shares of Centerspace in a research note on Thursday, September 10th. Finally, Royal Bank Of Canada decreased their target price on shares of Centerspace from $67.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $63.67.

Centerspace Stock Down 0.4%

CSR stock opened at $56.02 on Monday. Centerspace has a twelve month low of $52.00 and a twelve month high of $69.61. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.87. The firm has a market cap of $942.29 million, a PE ratio of 44.46 and a beta of 0.84. The business has a 50 day moving average of $55.01 and a 200 day moving average of $58.67.

Centerspace (NYSE:CSR) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. Centerspace had a return on equity of 2.58% and a net margin of 7.97%. The business had revenue of $65.78 million during the quarter, compared to analysts’ expectations of $66.29 million. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. On average, research analysts forecast that Centerspace will post 4.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CSR. Sound Income Strategies LLC lifted its holdings in shares of Centerspace by 67.4% during the 1st quarter. Sound Income Strategies LLC now owns 626 shares of the company’s stock valued at $36,000 after buying an additional 252 shares during the period. Avalon Trust Co boosted its stake in shares of Centerspace by 36.3% in the 1st quarter. Avalon Trust Co now owns 709 shares of the company’s stock worth $41,000 after buying an additional 189 shares during the last quarter. State of Wyoming purchased a new position in shares of Centerspace in the 2nd quarter worth $60,000. IFM Investors Pty Ltd bought a new stake in shares of Centerspace in the first quarter worth $156,000. Finally, Cetera Investment Advisers bought a new stake in shares of Centerspace in the first quarter worth $208,000. 79.00% of the stock is owned by hedge funds and other institutional investors.

About Centerspace

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.