Centerspace (NYSE:CSR - Free Report) had its target price reduced by Piper Sandler from $75.00 to $68.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.
A number of other equities research analysts have also recently weighed in on CSR. UBS Group started coverage on Centerspace in a research note on Monday, April 7th. They set a "neutral" rating and a $67.00 price objective for the company. Raymond James raised shares of Centerspace from a "market perform" rating to an "outperform" rating and set a $66.00 price target on the stock in a report on Monday, April 21st. Janney Montgomery Scott upgraded Centerspace from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a report on Wednesday, January 15th. Royal Bank of Canada upped their target price on Centerspace from $71.00 to $72.00 and gave the company an "outperform" rating in a research report on Monday. Finally, BMO Capital Markets upgraded Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 target price for the company in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $71.22.
Read Our Latest Analysis on Centerspace
Centerspace Trading Up 0.0 %
Centerspace stock traded up $0.02 during midday trading on Monday, reaching $60.57. The stock had a trading volume of 2,584 shares, compared to its average volume of 110,478. The company has a quick ratio of 0.05, a current ratio of 0.04 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $61.35 and a 200 day moving average of $64.83. Centerspace has a 52-week low of $54.13 and a 52-week high of $76.16. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -47.69 and a beta of 0.77.
Centerspace (NYSE:CSR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. Centerspace had a negative return on equity of 1.34% and a negative net margin of 4.34%. The company had revenue of $67.09 million for the quarter, compared to the consensus estimate of $66.70 million. On average, analysts anticipate that Centerspace will post 4.94 earnings per share for the current fiscal year.
Centerspace Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 28th were issued a dividend of $0.77 per share. This is a boost from Centerspace's previous quarterly dividend of $0.75. This represents a $3.08 annualized dividend and a dividend yield of 5.09%. The ex-dividend date was Friday, March 28th. Centerspace's payout ratio is currently -275.00%.
Hedge Funds Weigh In On Centerspace
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Centerspace by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 2,594,366 shares of the company's stock worth $171,617,000 after purchasing an additional 195,629 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Centerspace by 6.9% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 834,251 shares of the company's stock valued at $55,186,000 after buying an additional 54,204 shares during the period. Geode Capital Management LLC lifted its holdings in Centerspace by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 415,680 shares of the company's stock valued at $27,503,000 after acquiring an additional 28,163 shares during the last quarter. Northern Trust Corp increased its stake in Centerspace by 28.5% during the fourth quarter. Northern Trust Corp now owns 230,816 shares of the company's stock worth $15,268,000 after acquiring an additional 51,259 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Centerspace by 17.7% in the fourth quarter. JPMorgan Chase & Co. now owns 227,399 shares of the company's stock valued at $15,042,000 after purchasing an additional 34,157 shares during the period. Hedge funds and other institutional investors own 79.00% of the company's stock.
Centerspace Company Profile
(
Get Free Report)
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.
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