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

Shares of Centerspace (NYSE:CSR) have been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $69.6667.

Several brokerages have issued reports on CSR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Centerspace in a report on Monday, December 1st. UBS Group boosted their price objective on shares of Centerspace from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, November 10th. Wall Street Zen upgraded Centerspace from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Wells Fargo & Company boosted their price target on Centerspace from $60.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Centerspace in a report on Wednesday, November 12th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CSR. Vanguard Group Inc. boosted its holdings in Centerspace by 0.3% in the first 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 during the last quarter. Land & Buildings Investment Management LLC boosted its stake in shares of Centerspace by 96.4% in the 3rd quarter. Land & Buildings Investment Management LLC now owns 599,252 shares of the company’s stock worth $35,296,000 after buying an additional 294,086 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Centerspace by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 435,025 shares of the company’s stock worth $26,185,000 after buying an additional 4,090 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Centerspace by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 241,651 shares of the company’s stock worth $14,232,000 after acquiring an additional 4,707 shares during the period. Finally, Pacific Heights Asset Management LLC increased its position in Centerspace by 12.5% during the third quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock valued at $13,252,000 after acquiring an additional 25,000 shares during the last quarter. 79.00% of the stock is owned by hedge funds and other institutional investors.

Centerspace Trading Down 1.1%

Centerspace stock opened at $63.91 on Tuesday. Centerspace has a 12 month low of $52.76 and a 12 month high of $71.84. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 35.70 and a beta of 0.78. The business’s fifty day simple moving average is $62.00 and its two-hundred day simple moving average is $60.31. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.96.

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

Centerspace Dividend Announcement

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

Centerspace Company Profile

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.