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

Centerspace (NYSE:CSR) has been given a consensus rating of “Hold” by the ten research firms that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $62.50.

A number of analysts have weighed in on CSR shares. Piper Sandler reduced their price target on shares of Centerspace from $58.00 to $56.00 and set a “neutral” rating for the company in a report on Monday, October 12th. UBS Group decreased their price target on shares of Centerspace from $68.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Zacks Research upgraded shares of Centerspace from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 13th. Weiss Ratings lowered shares of Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen raised shares of Centerspace from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th.

Centerspace Stock Performance

Shares of NYSE CSR opened at $58.74 on Friday. Centerspace has a 12 month low of $52.00 and a 12 month high of $69.61. The company has a market cap of $987.94 million, a P/E ratio of 46.62 and a beta of 0.84. The business’s 50 day moving average is $55.34 and its two-hundred day moving average is $59.62. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.87.

Centerspace (NYSE:CSR) last posted its quarterly earnings data 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. The company had revenue of $65.78 million during the quarter, compared to analysts’ expectations of $66.29 million. Centerspace had a return on equity of 2.58% and a net margin of 7.97%. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. On average, equities analysts expect that Centerspace will post 4.67 EPS for the current year.

Centerspace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Tuesday, September 29th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $3.08 dividend on an annualized basis and a yield of 5.2%. Centerspace’s dividend payout ratio (DPR) is 244.44%.

Hedge Funds Weigh In On Centerspace

Several large investors have recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Centerspace in the 3rd quarter valued at $41,000. Asset Management One Co. Ltd. bought a new position in shares of Centerspace during the 3rd quarter worth about $1,276,000. Pacific Heights Asset Management LLC bought a new position in shares of Centerspace during the 2nd quarter worth about $16,857,000. Public Employees Retirement System of Ohio bought a new position in shares of Centerspace during the 2nd quarter worth about $1,091,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Centerspace during the 2nd quarter valued at about $574,000. Institutional investors and hedge funds 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.