Analysts Set Centerspace (NYSE:CSR) Price Target at $69.40

Centerspace (NYSE:CSR) has been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $69.60.

A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price objective on Centerspace from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday. Royal Bank Of Canada raised their price objective on Centerspace from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Piper Sandler upgraded Centerspace from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $69.00 to $72.00 in a report on Tuesday, April 7th. Wall Street Zen upgraded Centerspace from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. Finally, UBS Group raised their price objective on Centerspace from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th.

Hedge Funds Weigh In On Centerspace

Several hedge funds and other institutional investors have recently bought and sold shares of CSR. Wellington Management Group LLP increased its holdings in Centerspace by 324.4% during the 4th quarter. Wellington Management Group LLP now owns 855,869 shares of the company’s stock worth $57,104,000 after purchasing an additional 654,209 shares during the last quarter. Land & Buildings Investment Management LLC increased its holdings in shares of Centerspace by 96.4% in the 3rd quarter. Land & Buildings Investment Management LLC now owns 599,252 shares of the company’s stock valued at $35,296,000 after acquiring an additional 294,086 shares during the last quarter. Long Pond Capital LP increased its holdings in shares of Centerspace by 108.0% in the 4th quarter. Long Pond Capital LP now owns 444,101 shares of the company’s stock valued at $29,630,000 after acquiring an additional 230,638 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Centerspace by 9.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 340,286 shares of the company’s stock valued at $22,704,000 after acquiring an additional 28,809 shares during the last quarter. Finally, Voss Capital LP acquired a new position in Centerspace during the 4th quarter valued at approximately $22,068,000. 79.00% of the stock is owned by institutional investors and hedge funds.

Centerspace Stock Down 1.0%

CSR opened at $66.82 on Tuesday. 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 market cap of $1.12 billion, a P/E ratio of 148.48 and a beta of 0.89. Centerspace has a 52 week low of $52.76 and a 52 week high of $69.61. The business’s fifty day simple moving average is $64.27 and its 200 day simple moving average is $64.45.

Centerspace (NYSE:CSR) last posted 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 company had revenue of $65.07 million for 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, equities research analysts anticipate that Centerspace will post 4.9 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.