Centerspace (NYSE:CSR) Stock Has Consensus Target Price of $62.50

Shares of Centerspace (NYSE:CSR) have earned an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $62.50.

A number of research analysts recently commented on the company. Wall Street Zen raised Centerspace from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Cantor Fitzgerald restated a “neutral” rating and issued a $57.00 price target on shares of Centerspace in a research note on Thursday, September 10th. UBS Group cut their price objective on shares of Centerspace from $68.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, October 14th. Zacks Research upgraded shares of Centerspace from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Finally, Royal Bank Of Canada lowered their target price on shares of Centerspace from $67.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th.

Centerspace Trading Up 0.0%

NYSE:CSR opened at $56.99 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market capitalization of $958.54 million, a price-to-earnings ratio of 45.23 and a beta of 0.84. Centerspace has a one year low of $52.00 and a one year high of $69.61. The business has a fifty day moving average price of $55.06 and a 200-day moving average price of $58.54.

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

Centerspace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 29th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Tuesday, September 29th. Centerspace’s payout ratio is currently 244.44%.

Institutional Trading of Centerspace

Several hedge funds have recently bought and sold shares of CSR. Sound Income Strategies LLC increased its holdings in shares of Centerspace by 67.4% in the first quarter. Sound Income Strategies LLC now owns 626 shares of the company’s stock worth $36,000 after purchasing an additional 252 shares during the last quarter. Avalon Trust Co raised its position in Centerspace by 36.3% during the first 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 period. State of Wyoming bought a new stake in shares of Centerspace in the 2nd quarter valued at approximately $60,000. IFM Investors Pty Ltd purchased a new position in shares of Centerspace in the 1st quarter worth approximately $156,000. Finally, Cetera Investment Advisers purchased a new position in shares of Centerspace in the 1st quarter worth approximately $208,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.

Centerspace Company Profile

Centerspace (NYSE:CSR) is a real estate investment trust focused on the ownership, acquisition, development and operation of multifamily apartment communities. The company provides residential housing through a portfolio of apartment properties and generates revenue primarily from rents and related resident services.

Centerspace serves markets in the Mountain West and Midwest, with communities located in states including Colorado, Minnesota, Montana, Nebraska, North Dakota and South Dakota.