Shares of Centerspace (NYSE:CSR – Get Free Report) have been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $71.56.
A number of research analysts recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Centerspace in a report on Wednesday, March 19th. They set an “equal weight” rating and a $68.00 price objective for the company. Piper Sandler decreased their price objective on shares of Centerspace from $75.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Royal Bank Of Canada boosted their price objective on shares of Centerspace from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Raymond James Financial upgraded shares of Centerspace from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $66.00 to $69.00 in a report on Thursday, May 15th. Finally, BMO Capital Markets upgraded shares of Centerspace from a “market perform” rating to an “outperform” rating and set a $77.00 price objective for the company in a report on Friday, April 4th.
Check Out Our Latest Stock Analysis on Centerspace
Institutional Investors Weigh In On Centerspace
Centerspace Price Performance
Shares of CSR stock opened at $59.83 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -53.42 and a beta of 0.72. The firm’s 50 day moving average is $62.09 and its 200-day moving average is $62.21. Centerspace has a 1 year low of $54.13 and a 1 year high of $76.16.
Centerspace (NYSE:CSR – Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.21. The business had revenue of $67.09 million during the quarter, compared to the consensus estimate of $66.70 million. Centerspace had a negative net margin of 4.23% and a negative return on equity of 1.30%. Sell-side analysts forecast that Centerspace will post 4.94 EPS for the current fiscal year.
Centerspace Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $3.08 dividend on an annualized basis and a yield of 5.15%. Centerspace’s payout ratio is -275.00%.
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.
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