Centerspace (NYSE:CSR) Receives $68.00 Average PT from Analysts

Centerspace (NYSE:CSR) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $68.1111.

Several equities research analysts have weighed in on the company. Wall Street Zen raised Centerspace from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings raised shares of Centerspace from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, November 7th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Centerspace in a research note on Wednesday. Raymond James Financial restated a “market perform” rating on shares of Centerspace in a research note on Wednesday. Finally, Piper Sandler decreased their price target on shares of Centerspace from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Monday.

Centerspace Stock Performance

Shares of CSR stock opened at $65.36 on Friday. The business’s fifty day simple moving average is $59.51 and its 200-day simple moving average is $59.75. The company has a market cap of $1.09 billion, a PE ratio of -36.31 and a beta of 0.75. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.97. Centerspace has a 12-month low of $52.76 and a 12-month high of $74.72.

Centerspace (NYSE:CSR) last posted its quarterly earnings data on Monday, November 3rd. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). Centerspace had a negative return on equity of 2.81% and a negative net margin of 9.13%. Centerspace has set its FY 2025 guidance at 4.880-4.960 EPS. Analysts expect that Centerspace will post 4.94 earnings per share for the current fiscal year.

Centerspace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $3.08 dividend on an annualized basis and a yield of 4.7%. Centerspace’s payout ratio is currently 172.07%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CSR. Vanguard Group Inc. lifted its holdings in shares of Centerspace by 0.3% during the first quarter. Vanguard Group Inc. now owns 2,603,360 shares of the company’s stock worth $168,568,000 after purchasing an additional 8,994 shares during the period. Geode Capital Management LLC increased its holdings in Centerspace by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 435,025 shares of the company’s stock worth $26,185,000 after buying an additional 4,090 shares during the period. Dimensional Fund Advisors LP raised its position in Centerspace by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 241,651 shares of the company’s stock worth $14,232,000 after buying an additional 4,707 shares during the last quarter. Pacific Heights Asset Management LLC lifted its stake in Centerspace by 12.5% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock valued at $13,252,000 after acquiring an additional 25,000 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Centerspace by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 224,583 shares of the company’s stock valued at $13,228,000 after acquiring an additional 21,337 shares during the period. 79.00% of the stock is owned by institutional investors and hedge funds.

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.