Centerspace (NYSE:CSR) Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Centerspace from “sell” to “hold,” while the broader analyst consensus remains “Hold,” with one Buy and seven Hold ratings and an average price target of $63.80.
• Centerspace shares opened at $56.63, near their 50-day average of $56.72 and below the 200-day average of $61.26; the stock has traded between $53.00 and $69.61 over the past year.
• The company reported a quarterly loss of $0.07 per share, beating estimates for a $0.13 loss, although revenue of $65.78 million fell short of the $66.29 million consensus forecast. Management provided FY 2026 EPS guidance of $4.58 to $4.68.

Centerspace (NYSE:CSR - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

A number of other research analysts also recently weighed in on the stock. Weiss Ratings upgraded shares of Centerspace from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday. Royal Bank Of Canada dropped their target price on Centerspace from $67.00 to $64.00 and set an "outperform" rating on the stock in a research report on Wednesday. BTIG Research lowered Centerspace from a "buy" rating to a "neutral" rating in a research note on Tuesday, June 16th. UBS Group upped their price target on Centerspace from $66.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, May 14th. Finally, Piper Sandler lowered their price target on Centerspace from $64.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $63.80.

Centerspace Stock Performance

CSR opened at $56.63 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a fifty day moving average price of $56.72 and a 200 day moving average price of $61.26. Centerspace has a 1 year low of $53.00 and a 1 year high of $69.61. The stock has a market cap of $950.90 million, a P/E ratio of 44.95 and a beta of 0.88.

Centerspace (NYSE:CSR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.06. The firm had revenue of $65.78 million for the quarter, compared to the consensus estimate of $66.29 million. Centerspace had a net margin of 7.97% and a return on equity of 2.58%. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. Equities research analysts anticipate that Centerspace will post 4.63 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Rodney Jones-Tyson bought 1,700 shares of the company's stock in a transaction dated Monday, June 22nd. The shares were acquired at an average price of $55.26 per share, for a total transaction of $93,942.00. Following the completion of the transaction, the director directly owned 7,877 shares in the company, valued at $435,283.02. This trade represents a 27.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John A. Schissel bought 500 shares of the business's stock in a transaction dated Thursday, June 18th. The shares were bought at an average cost of $54.90 per share, with a total value of $27,450.00. Following the purchase, the director directly owned 17,195 shares of the company's stock, valued at approximately $944,005.50. This represents a 2.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.49% of the company's stock.

Institutional Investors Weigh In On Centerspace

Several institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC raised its holdings in shares of Centerspace by 67.4% during the first 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 stake in shares of Centerspace by 57,100.0% in the fourth quarter. Covestor Ltd now owns 572 shares of the company's stock worth $38,000 after acquiring an additional 571 shares during the last quarter. Avalon Trust Co boosted its stake in shares of Centerspace by 36.3% in the first quarter. Avalon Trust Co now owns 709 shares of the company's stock worth $41,000 after acquiring an additional 189 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Centerspace during the fourth quarter worth approximately $47,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Centerspace during the fourth quarter worth approximately $58,000. 79.00% of the stock is currently 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. Centerspace was named a Top Workplace for the fourth consecutive year in 2023 by the Minneapolis Star Tribune.

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