Wedbush Analysts Increase Earnings Estimates for Centerspace

Centerspace (NYSE:CSR - Free Report) - Equities research analysts at Wedbush boosted their Q2 2025 earnings per share (EPS) estimates for Centerspace in a research note issued on Monday, May 5th. Wedbush analyst R. Anderson now expects that the company will earn $1.23 per share for the quarter, up from their previous estimate of $1.19. The consensus estimate for Centerspace's current full-year earnings is $4.94 per share. Wedbush also issued estimates for Centerspace's Q3 2025 earnings at $1.24 EPS, Q4 2025 earnings at $1.28 EPS and FY2026 earnings at $5.20 EPS.

Other equities research analysts have also recently issued reports about the company. Piper Sandler decreased their price target on Centerspace from $75.00 to $68.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company started coverage on shares of Centerspace in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $68.00 target price on the stock. Janney Montgomery Scott raised shares of Centerspace from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a report on Wednesday, January 15th. BMO Capital Markets raised Centerspace from a "market perform" rating to an "outperform" rating and set a $77.00 price objective for the company in a research note on Friday, April 4th. Finally, UBS Group assumed coverage on Centerspace in a research note on Monday, April 7th. They issued a "neutral" rating and a $67.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.22.

Centerspace Stock Performance

Shares of NYSE:CSR traded up $0.64 during trading on Tuesday, hitting $61.19. 69,086 shares of the company were exchanged, compared to its average volume of 111,044. The company has a market cap of $1.02 billion, a PE ratio of -48.18 and a beta of 0.77. Centerspace has a 52-week low of $54.13 and a 52-week high of $76.16. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.04 and a quick ratio of 0.05. The stock has a 50 day moving average of $61.28 and a 200 day moving average of $64.73.

Centerspace (NYSE:CSR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.21. The business had revenue of $67.09 million for the quarter, compared to analysts' expectations of $66.70 million. Centerspace had a negative return on equity of 1.34% and a negative net margin of 4.34%.

Institutional Investors Weigh In On Centerspace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Centerspace by 25.6% during the third quarter. JPMorgan Chase & Co. now owns 193,242 shares of the company's stock valued at $13,618,000 after acquiring an additional 39,380 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Centerspace by 11.6% in the 4th quarter. Principal Financial Group Inc. now owns 90,753 shares of the company's stock worth $6,003,000 after buying an additional 9,415 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Centerspace by 76.8% during the fourth quarter. Intech Investment Management LLC now owns 10,108 shares of the company's stock valued at $669,000 after buying an additional 4,391 shares during the period. Raymond James Financial Inc. bought a new position in shares of Centerspace during the fourth quarter valued at approximately $417,000. Finally, Geode Capital Management LLC lifted its position in shares of Centerspace by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 415,680 shares of the company's stock worth $27,503,000 after purchasing an additional 28,163 shares during the period. 79.00% of the stock is currently owned by institutional investors.

Centerspace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 28th were issued a $0.77 dividend. This is a boost from Centerspace's previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 28th. This represents a $3.08 annualized dividend and a dividend yield of 5.03%. Centerspace's dividend payout ratio (DPR) is currently -275.00%.

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.