Centerspace (NYSE:CSR) Stock Has Average Target Price of $62.50

Key Points

• Centerspace has a consensus “Hold” rating from 10 analysts, with eight holds and two buys. The average 12-month price target is $62.50, compared with a recent share price of $57.49.
• The company reported quarterly EPS of negative $0.07, beating estimates of negative $0.13, while revenue of $65.78 million fell slightly short of expectations. Analysts project approximately $4.67 in EPS for the current fiscal year.
• Centerspace pays a quarterly dividend of $0.77, or $3.08 annually, yielding about 5.4%. Institutional investors own approximately 79% of the stock, with BlackRock among the recent major buyers.

Centerspace (NYSE:CSR - Get Free Report) has been given a consensus rating of "Hold" by the ten analysts that are presently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $62.50.

CSR has been the topic of a number of research analyst reports. UBS Group decreased their price objective on shares of Centerspace from $68.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, October 14th. Compass Point raised shares of Centerspace from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $64.50 to $80.00 in a research note on Wednesday, September 9th. Weiss Ratings lowered shares of Centerspace from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, August 19th. Piper Sandler reduced their target price on shares of Centerspace from $58.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, October 12th. Finally, Wells Fargo & Company decreased their price target on shares of Centerspace from $57.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Monday.

Centerspace Stock Up 2.4%

Shares of CSR opened at $57.49 on Friday. The company has a market capitalization of $967.07 million, a P/E ratio of 45.63 and a beta of 0.84. Centerspace has a one year low of $52.00 and a one year high of $69.61. The business's 50 day simple moving average is $55.04 and its 200-day simple moving average is $58.55. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.03 and a quick ratio of 0.03.

Centerspace (NYSE:CSR - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.06. Centerspace had a return on equity of 2.58% and a net margin of 7.97%. The company had revenue of $65.78 million during the quarter, compared to analyst estimates of $66.29 million. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. As a group, sell-side analysts predict that Centerspace will post 4.67 EPS for the current fiscal year.

Centerspace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Tuesday, September 29th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 5.4%. The ex-dividend date was Tuesday, September 29th. Centerspace's payout ratio is 244.44%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Centerspace in the 2nd quarter valued at $167,912,000. Pacific Heights Asset Management LLC bought a new position in Centerspace in the second quarter valued at about $16,857,000. Bank of New York Mellon Corp bought a new position in Centerspace in the second quarter valued at about $7,190,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Centerspace in the second quarter valued at about $7,009,000. Finally, Legal & General Group Plc bought a new position in Centerspace in the second quarter valued at about $5,386,000. 79.00% of the stock is currently owned by institutional investors.

Centerspace Company Profile

Centerspace NYSE: CSR is a real estate investment trust focused on the ownership, acquisition, development and operation of multifamily apartment communities. The company provides residential housing through a portfolio of apartment properties and generates revenue primarily from rents and related resident services.

Centerspace serves markets in the Mountain West and Midwest, with communities located in states including Colorado, Minnesota, Montana, Nebraska, North Dakota and South Dakota.

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