Centerspace (NYSE:CSR) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus rating of Hold (five hold, two buy) on Centerspace with an average 12‑month price target of about $68.83.
• Centerspace reported a quarterly loss of ($1.10) EPS and missed revenue expectations, but issued FY‑2026 guidance of 4.81–5.05 EPS, roughly in line with analyst forecasts (~4.82).
• The company pays a quarterly dividend that annualizes to $3.08 (a 4.5% yield), yet its dividend payout ratio is an elevated 308%, raising questions about sustainability.

Shares of Centerspace (NYSE:CSR - Get Free Report) have been given a consensus recommendation of "Hold" by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $68.8333.

Several research analysts have commented on the stock. Piper Sandler raised shares of Centerspace from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $69.00 to $72.00 in a research note on Tuesday, April 7th. UBS Group lifted their price objective on Centerspace from $63.00 to $66.00 and gave the company a "neutral" rating in a report on Thursday, January 8th. Wells Fargo & Company decreased their price objective on Centerspace from $74.00 to $69.00 and set an "equal weight" rating for the company in a report on Thursday, March 5th. Royal Bank Of Canada lifted their target price on Centerspace from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, February 19th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $65.00 price target on shares of Centerspace in a research note on Monday, January 5th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CSR. Royal Bank of Canada raised its stake in shares of Centerspace by 199.5% during the 1st quarter. Royal Bank of Canada now owns 15,720 shares of the company's stock worth $1,019,000 after buying an additional 10,472 shares during the period. AQR Capital Management LLC raised its stake in Centerspace by 32.5% in the 1st quarter. AQR Capital Management LLC now owns 4,891 shares of the company's stock valued at $317,000 after purchasing an additional 1,200 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Centerspace by 2.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,790 shares of the company's stock valued at $958,000 after purchasing an additional 287 shares during the last quarter. Millennium Management LLC raised its stake in Centerspace by 307.3% in the 1st quarter. Millennium Management LLC now owns 184,051 shares of the company's stock valued at $11,917,000 after purchasing an additional 138,861 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Centerspace by 17.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 138,676 shares of the company's stock valued at $8,979,000 after purchasing an additional 20,992 shares during the last quarter. 79.00% of the stock is owned by institutional investors and hedge funds.

Centerspace Price Performance

NYSE CSR opened at $68.33 on Friday. Centerspace has a 12 month low of $52.76 and a 12 month high of $69.15. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 68.33 and a beta of 0.81. The company's 50 day moving average is $62.05 and its two-hundred day moving average is $63.35. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.86.

Centerspace (NYSE:CSR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The company reported ($1.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.21 by ($2.31). Centerspace had a net margin of 6.25% and a return on equity of 2.00%. The company had revenue of $66.62 million for the quarter, compared to analysts' expectations of $69.77 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. As a group, research analysts anticipate that Centerspace will post 4.82 earnings per share for the current year.

Centerspace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 30th were given a $0.77 dividend. The ex-dividend date was Monday, March 30th. This represents a $3.08 dividend on an annualized basis and a yield of 4.5%. Centerspace's dividend payout ratio is currently 308.00%.

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.

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