Centerspace (NYSE:CSR) Given Consensus Rating of “Hold” by Brokerages

Shares of Centerspace (NYSE:CSR) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $69.3750.

CSR has been the topic of several analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Centerspace in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Centerspace in a research report on Monday. Raymond James Financial reiterated a “market perform” rating on shares of Centerspace in a research note on Wednesday, November 12th. Wells Fargo & Company upped their target price on shares of Centerspace from $60.00 to $74.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Finally, Wall Street Zen upgraded shares of Centerspace from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th.

Centerspace Stock Up 0.1%

Shares of NYSE CSR opened at $66.82 on Friday. The firm has a 50 day moving average price of $64.48 and a 200 day moving average price of $60.63. The stock has a market cap of $1.12 billion, a P/E ratio of 37.33 and a beta of 0.78. Centerspace has a 52-week low of $52.76 and a 52-week high of $69.15. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.18 and a current ratio of 0.18.

Centerspace (NYSE:CSR) last released its quarterly earnings results on Monday, November 3rd. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.03). Centerspace had a net margin of 11.14% and a return on equity of 3.52%. Centerspace has set its FY 2025 guidance at 4.880-4.960 EPS. Analysts expect that Centerspace will post 4.94 EPS for the current year.

Centerspace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, December 30th. Centerspace’s dividend payout ratio (DPR) is currently 172.07%.

Institutional Investors Weigh In On Centerspace

A number of institutional investors have recently modified their holdings of CSR. Hilltop National Bank acquired a new stake in shares of Centerspace in the second quarter valued at approximately $29,000. Hantz Financial Services Inc. raised its holdings in Centerspace by 998.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 659 shares of the company’s stock valued at $39,000 after acquiring an additional 599 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Centerspace by 897.3% during the 2nd quarter. Wolff Wiese Magana LLC now owns 748 shares of the company’s stock worth $45,000 after purchasing an additional 673 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Centerspace by 488.4% during the 3rd quarter. Versant Capital Management Inc now owns 1,630 shares of the company’s stock worth $96,000 after purchasing an additional 1,353 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Centerspace by 103.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,176 shares of the company’s stock worth $131,000 after purchasing an additional 1,106 shares during the period. Institutional investors own 79.00% of the company’s stock.

Centerspace Company Profile

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.