Centerspace (NYSE:CSR) Stock Has Average Target Price of $64.00

Key Points

• Analysts maintain a cautious outlook: Centerspace has an average “Hold” rating from 10 brokerages, with an average 12-month price target of $64.00 versus the stock’s $55.40 trading price.
• Institutional ownership remains high at 79%, while several investment firms recently increased their positions in the apartment REIT.
• Centerspace reported quarterly EPS of $(0.07), beating estimates, and declared a $0.77 quarterly dividend, representing a 5.6% annualized yield.

Centerspace (NYSE:CSR - Get Free Report) has been given an average rating of "Hold" by the ten brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $64.00.

CSR has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $57.00 price objective on shares of Centerspace in a research note on Thursday, September 10th. Piper Sandler cut their price objective on shares of Centerspace from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, August 27th. UBS Group lowered their price target on Centerspace from $70.00 to $68.00 and set a "neutral" rating for the company in a research report on Tuesday, September 15th. Compass Point upgraded Centerspace from a "neutral" rating to a "buy" rating and increased their target price for the company from $64.50 to $80.00 in a research note on Wednesday, September 9th. Finally, Weiss Ratings downgraded shares of Centerspace from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, August 19th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CSR. Avalon Trust Co increased its holdings in shares of Centerspace by 36.3% in the 1st quarter. Avalon Trust Co now owns 709 shares of the company's stock valued at $41,000 after acquiring an additional 189 shares during the last quarter. Sound Income Strategies LLC boosted its stake in 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 purchasing an additional 252 shares during the period. Amundi grew its holdings in Centerspace by 4.4% in the 1st quarter. Amundi now owns 11,052 shares of the company's stock worth $635,000 after buying an additional 462 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Centerspace by 16.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,611 shares of the company's stock worth $241,000 after purchasing an additional 500 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its stake in shares of Centerspace by 7.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 7,502 shares of the company's stock worth $431,000 after acquiring an additional 504 shares during the period. 79.00% of the stock is owned by hedge funds and other institutional investors.

Centerspace Trading Up 0.2%

NYSE CSR opened at $55.40 on Monday. The business's fifty day moving average is $55.13 and its 200-day moving average is $59.09. 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 has a one year low of $52.00 and a one year high of $69.61. The stock has a market capitalization of $930.23 million, a price-to-earnings ratio of 43.97 and a beta of 0.86.

Centerspace (NYSE:CSR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $66.29 million. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. Equities research analysts predict that Centerspace will post 4.67 EPS for the current year.

Centerspace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Tuesday, September 29th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, September 29th. Centerspace's dividend payout ratio is 244.44%.

Centerspace Company Profile

Centerspace NYSE: CSR is a self-administered and self-managed real estate investment trust focused on the ownership, management and operation of multifamily apartment communities. The company generates revenue primarily through apartment rents and related resident services, while seeking to provide well-maintained housing in markets with attractive employment and population trends.

Centerspace's portfolio is concentrated in the Upper Midwest and Mountain West, with properties serving residents in states that have included Colorado, Minnesota, Montana, North Dakota, South Dakota and Wisconsin.

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