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

Centerspace (NYSE:CSR) has been assigned an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $69.40.

A number of research analysts have recently commented on CSR shares. UBS Group increased their target price on Centerspace from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded Centerspace from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 17th. Weiss Ratings upgraded Centerspace from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company lowered their target price on Centerspace from $74.00 to $69.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Finally, Piper Sandler upgraded Centerspace from a “neutral” rating to an “overweight” rating and increased their target price for the company from $69.00 to $72.00 in a research report on Tuesday, April 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CSR. Sound Income Strategies LLC boosted its position 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 during the last quarter. Covestor Ltd boosted its position in shares of Centerspace by 57,100.0% during the 4th quarter. Covestor Ltd now owns 572 shares of the company’s stock valued at $38,000 after acquiring an additional 571 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Centerspace by 998.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 659 shares of the company’s stock valued at $39,000 after acquiring an additional 599 shares during the last quarter. Avalon Trust Co boosted its position in shares of Centerspace by 36.3% during the 1st quarter. Avalon Trust Co now owns 709 shares of the company’s stock valued at $41,000 after acquiring an additional 189 shares during the last quarter. Finally, Danske Bank A S bought a new position in shares of Centerspace during the 4th quarter valued at approximately $47,000. 79.00% of the stock is currently owned by institutional investors.

Centerspace Trading Down 0.2%

CSR stock opened at $68.09 on Tuesday. Centerspace has a 1-year low of $52.76 and a 1-year high of $69.61. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.03 and a quick ratio of 0.03. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 151.31 and a beta of 0.89. The business has a 50 day simple moving average of $63.55 and a two-hundred day simple moving average of $64.22.

Centerspace (NYSE:CSR) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.48). Centerspace had a return on equity of 0.94% and a net margin of 2.93%.The business had revenue of $65.07 million during the quarter, compared to the consensus estimate of $66.54 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. Research analysts anticipate that Centerspace will post 4.85 EPS for the current fiscal year.

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.