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

Shares of Centerspace (NYSE:CSR) have been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $68.80.

CSR has been the subject of a number of research analyst reports. Piper Sandler raised shares of Centerspace from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $69.00 to $72.00 in a research note on Tuesday, April 7th. UBS Group upped their price target on shares of Centerspace from $66.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Wall Street Zen raised shares of Centerspace from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 17th. BTIG Research lowered shares of Centerspace from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Weiss Ratings lowered shares of Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday.

Hedge Funds Weigh In On Centerspace

Several institutional investors and hedge funds have recently bought and sold shares of CSR. Royal Bank of Canada increased its position in Centerspace by 199.5% during the first quarter. Royal Bank of Canada now owns 15,720 shares of the company’s stock worth $1,019,000 after purchasing an additional 10,472 shares during the last quarter. AQR Capital Management LLC increased its position in 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 purchasing an additional 1,200 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Centerspace by 2.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company’s stock worth $958,000 after buying an additional 287 shares during the period. Millennium Management LLC grew its stake in Centerspace by 307.3% during the first quarter. Millennium Management LLC now owns 184,051 shares of the company’s stock worth $11,917,000 after buying an additional 138,861 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in 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 buying an additional 20,992 shares during the period. Institutional investors and hedge funds own 79.00% of the company’s stock.

Centerspace Stock Performance

NYSE CSR opened at $55.46 on Friday. The business’s 50-day moving average price is $63.98 and its 200 day moving average price is $63.58. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.88. Centerspace has a twelve month low of $52.76 and a twelve month high of $69.61. The company has a market capitalization of $931.71 million, a PE ratio of 123.24 and a beta of 0.88.

Centerspace (NYSE:CSR) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $66.54 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. On average, research analysts predict that Centerspace will post 4.85 earnings per share for the current year.

Centerspace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Monday, June 29th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $3.08 annualized dividend and a yield of 5.6%. Centerspace’s dividend payout ratio is 684.44%.

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.