Centerspace (NYSE:CSR) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Centerspace from “sell” to “strong sell,” adding to a mixed analyst picture for the apartment REIT.
• Despite the downgrade, the stock has a broader Hold consensus, with two Buy ratings, five Hold ratings, and an average target price of $68.67.
• Centerspace recently reported Q1 earnings of -$0.77 per share, missing estimates, while revenue also came in slightly below expectations at $65.07 million.

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

CSR has been the subject of a number of other research reports. Royal Bank Of Canada boosted their target price on Centerspace from $70.00 to $71.00 and gave the stock an "outperform" rating in a report on Wednesday. Wells Fargo & Company decreased their target price on Centerspace from $74.00 to $69.00 and set an "equal weight" rating for the company in a report on Thursday, March 5th. Piper Sandler upgraded Centerspace from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $69.00 to $72.00 in a report on Tuesday, April 7th. Finally, Weiss Ratings upgraded Centerspace from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Centerspace presently has an average rating of "Hold" and an average target price of $68.67.

Centerspace Stock Up 0.2%

Shares of NYSE:CSR opened at $67.60 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.04 and a current ratio of 0.03. Centerspace has a 1 year low of $52.76 and a 1 year high of $69.61. The stock has a market capitalization of $1.14 billion, a P/E ratio of 150.23 and a beta of 0.89. The stock has a 50-day simple moving average of $62.33 and a 200-day simple moving average of $63.55.

Centerspace (NYSE:CSR - Get Free Report) last issued its earnings results on Monday, May 4th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.48). Centerspace had a return on equity of 0.94% and a net margin of 2.93%.The firm had revenue of $65.07 million for the quarter, compared to analysts' expectations of $66.54 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. Equities analysts forecast that Centerspace will post 4.85 earnings per share for the current year.

Institutional Trading of Centerspace

Large investors have recently bought and sold shares of the company. Covestor Ltd grew its position in Centerspace by 57,100.0% in the fourth quarter. Covestor Ltd now owns 572 shares of the company's stock valued at $38,000 after acquiring an additional 571 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of Centerspace by 67.4% during the 1st quarter. Sound Income Strategies LLC now owns 626 shares of the company's stock valued at $36,000 after buying an additional 252 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Centerspace by 998.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 659 shares of the company's stock valued at $39,000 after buying an additional 599 shares during the last quarter. Danske Bank A S purchased a new position in shares of Centerspace during the 4th quarter valued at approximately $47,000. Finally, Avalon Trust Co boosted its stake in shares of Centerspace by 36.3% during the 1st quarter. Avalon Trust Co now owns 709 shares of the company's stock valued at $41,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 79.00% of the company's stock.

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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