Centerspace (NYSE:CSR) Upgraded to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded Centerspace from a "strong sell" to a "sell," but the analyst consensus remains a Hold with an average price target of $68.83 and several mixed ratings (including upgrades from Piper Sandler and RBC).
• Earnings missed expectations: the company reported (‑$1.10) EPS and $66.62M revenue for the quarter versus analyst estimates of $1.21 EPS and $69.77M, while issuing FY2026 guidance of $4.81–5.05 EPS (consensus ~4.94).
• Shares opened at $63.90 (up ~3%), the stock has a 12‑month range of $52.76–$69.15, a market cap of ~$1.07B and a P/E of ~63.9, with about 79% institutional ownership.

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

A number of other research firms also recently issued reports on CSR. Weiss Ratings reiterated a "hold (c+)" rating on shares of Centerspace in a research report on Monday, December 29th. UBS Group increased their target price on shares of Centerspace from $63.00 to $66.00 and gave the stock a "neutral" rating in a research report on Thursday, January 8th. Piper Sandler upgraded shares of Centerspace from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $69.00 to $72.00 in a research report on Tuesday. Royal Bank Of Canada increased their target price on shares of Centerspace from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, February 19th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $65.00 target price on shares of Centerspace in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Centerspace currently has an average rating of "Hold" and an average price target of $68.83.

Centerspace Stock Up 3.0%

CSR stock opened at $63.90 on Friday. Centerspace has a 12-month low of $52.76 and a 12-month high of $69.15. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 63.90 and a beta of 0.81. The company has a 50 day moving average of $61.64 and a two-hundred day moving average of $62.68.

Centerspace (NYSE:CSR - Get Free Report) last released its earnings results 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 return on equity of 2.00% and a net margin of 6.25%.The company had revenue of $66.62 million during the quarter, compared to analysts' expectations of $69.77 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. On average, equities analysts anticipate that Centerspace will post 4.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in Centerspace by 20.8% in the 4th quarter. Hsbc Holdings PLC now owns 26,911 shares of the company's stock worth $1,796,000 after acquiring an additional 4,626 shares during the period. Capstone Wealth Management Inc. bought a new position in Centerspace in the 4th quarter worth $1,397,000. Mercer Global Advisors Inc. ADV raised its holdings in Centerspace by 17.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,836 shares of the company's stock worth $323,000 after acquiring an additional 718 shares during the period. NewEdge Advisors LLC raised its holdings in Centerspace by 13.8% in the 4th quarter. NewEdge Advisors LLC now owns 17,129 shares of the company's stock worth $1,143,000 after acquiring an additional 2,074 shares during the period. Finally, XTX Topco Ltd bought a new position in Centerspace in the 4th quarter worth $928,000. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.