Centerspace (NYSE:CSR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Centerspace (NYSE:CSR) had its price target raised by stock analysts at Wells Fargo & Company from $69.00 to $70.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 4.30% from the stock’s current price.

A number of other research firms have also recently weighed in on CSR. Piper Sandler upgraded Centerspace from a “neutral” rating to an “overweight” rating and raised their price target for the company from $69.00 to $72.00 in a research note on Tuesday, April 7th. UBS Group raised their price objective on shares of Centerspace from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings upgraded shares of Centerspace from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada lifted their price target on Centerspace from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded Centerspace from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.60.

Centerspace Price Performance

CSR traded down $0.37 during trading on Monday, reaching $67.12. The company’s stock had a trading volume of 8,109 shares, compared to its average volume of 121,788. 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 firm has a fifty day simple moving average of $64.11 and a two-hundred day simple moving average of $64.45. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 148.87 and a beta of 0.88. Centerspace has a 1 year low of $52.76 and a 1 year high of $69.61.

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 net margin of 2.93% and a return on equity of 0.94%. 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. As a group, analysts anticipate that Centerspace will post 4.9 EPS for the current year.

Institutional Trading of Centerspace

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of Centerspace by 199.5% in the first quarter. Royal Bank of Canada now owns 15,720 shares of the company’s stock worth $1,019,000 after buying an additional 10,472 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Centerspace by 32.5% during the first quarter. AQR Capital Management LLC now owns 4,891 shares of the company’s stock worth $317,000 after buying an additional 1,200 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Centerspace by 2.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company’s stock valued at $958,000 after purchasing an additional 287 shares in the last quarter. Millennium Management LLC increased its position in shares of Centerspace by 307.3% during the 1st quarter. Millennium Management LLC now owns 184,051 shares of the company’s stock worth $11,917,000 after purchasing an additional 138,861 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Centerspace by 17.8% during the first quarter. Goldman Sachs Group Inc. now owns 138,676 shares of the company’s stock worth $8,979,000 after purchasing an additional 20,992 shares during the last quarter. 79.00% of the stock is currently owned by institutional investors and hedge funds.

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.