Centerspace (NYSE:CSR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Centerspace (NYSE:CSR) have received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $62.80.

A number of research firms have recently weighed in on CSR. UBS Group raised their price objective on Centerspace from $66.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Wells Fargo & Company cut their price objective on shares of Centerspace from $60.00 to $57.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 1st. Royal Bank Of Canada decreased their price target 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. Zacks Research lowered shares of Centerspace from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 18th. Finally, Weiss Ratings downgraded Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th.

Centerspace Price Performance

NYSE:CSR opened at $52.71 on Thursday. Centerspace has a 52-week low of $52.00 and a 52-week high of $69.61. The stock has a fifty day moving average of $55.05 and a 200 day moving average of $59.72. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market capitalization of $885.00 million, a price-to-earnings ratio of 41.83 and a beta of 0.86.

Centerspace (NYSE:CSR) last announced its earnings results on Monday, August 3rd. The company reported ($0.07) earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $66.29 million. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. On average, research analysts expect that Centerspace will post 4.67 EPS for the current fiscal year.

Centerspace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Tuesday, September 29th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, September 29th. Centerspace’s dividend payout ratio (DPR) is presently 244.44%.

Insider Transactions at Centerspace

In other Centerspace news, Director Rodney Jones-Tyson purchased 1,700 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of $55.26 per share, for a total transaction of $93,942.00. Following the acquisition, the director owned 7,877 shares in the company, valued at $435,283.02. This represents a 27.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John A. Schissel purchased 500 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of $54.90 per share, for a total transaction of $27,450.00. Following the acquisition, the director owned 17,195 shares in the company, valued at $944,005.50. This trade represents a 2.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.49% of the company’s stock.

Institutional Trading of Centerspace

Large investors have recently made changes to their positions in the business. Sound Income Strategies LLC boosted 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 acquiring an additional 252 shares in the last quarter. Covestor Ltd raised its position in Centerspace by 57,100.0% in the fourth quarter. Covestor Ltd now owns 572 shares of the company’s stock valued at $38,000 after purchasing an additional 571 shares during the last quarter. Avalon Trust Co raised its position in Centerspace by 36.3% in 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 last quarter. Danske Bank A S acquired a new stake in shares of Centerspace during the fourth quarter valued at about $47,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Centerspace during the fourth quarter valued at about $58,000. 79.00% of the stock is owned by hedge funds and other institutional investors.

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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.