Royal Bank Of Canada Raises Centerspace (NYSE:CSR) Price Target to $71.00

Key Points

• Royal Bank of Canada raised its price target on Centerspace from $70 to $71 and maintained an outperform rating, implying roughly a 6.6% upside from the current share price.
• Centerspace missed Q1 EPS (reported ($0.77) vs. ($0.29) expected) and slightly missed revenue estimates, but issued FY2026 guidance of 4.810–5.050 EPS, roughly in line with analysts' average forecast of 4.82.
• The street consensus is an average "Hold" with a $68.67 price target; the stock traded at $66.60 (up ~1.7%), has a $1.12 billion market cap and about 79% institutional ownership.

Centerspace (NYSE:CSR - Get Free Report) had its price target hoisted by research analysts at Royal Bank Of Canada from $70.00 to $71.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 6.61% from the stock's current price.

CSR has been the topic of a number of other reports. UBS Group increased their price objective on shares of Centerspace from $63.00 to $66.00 and gave the company a "neutral" rating in a research note on Thursday, January 8th. Piper Sandler raised shares of Centerspace from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $69.00 to $72.00 in a report on Tuesday, April 7th. Wall Street Zen raised Centerspace from a "strong sell" rating to a "sell" rating in a report on Saturday, April 11th. Finally, Wells Fargo & Company cut their price objective on Centerspace from $74.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $68.67.

Centerspace Stock Up 1.7%

NYSE:CSR traded up $1.14 on Wednesday, reaching $66.60. The stock had a trading volume of 15,722 shares, compared to its average volume of 127,513. The company has a 50-day moving average of $62.12 and a 200 day moving average of $63.45. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.86. The stock has a market cap of $1.12 billion, a P/E ratio of 148.11 and a beta of 0.89. Centerspace has a 12-month low of $52.76 and a 12-month high of $69.61.

Centerspace (NYSE:CSR - Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.48). The business had revenue of $65.07 million during the quarter, compared to analyst estimates of $66.54 million. Centerspace had a return on equity of 0.93% and a net margin of 2.93%.Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. On average, research analysts predict that Centerspace will post 4.82 earnings per share for the current year.

Institutional Trading of Centerspace

Hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC raised its holdings in shares of Centerspace by 67.4% during the first 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. Covestor Ltd lifted its holdings in Centerspace by 57,100.0% during the fourth quarter. Covestor Ltd now owns 572 shares of the company's stock worth $38,000 after acquiring an additional 571 shares during the period. Hantz Financial Services Inc. boosted its position in Centerspace by 998.3% in the third quarter. Hantz Financial Services Inc. now owns 659 shares of the company's stock worth $39,000 after purchasing an additional 599 shares during the last quarter. Avalon Trust Co grew its stake in 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 purchasing an additional 189 shares during the period. Finally, Danske Bank A S bought a new stake in shares of Centerspace during the 4th quarter worth $47,000. 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.

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