Centerspace (NYSE:CSR) Stock Rating Upgraded by Wall Street Zen

Centerspace (NYSE:CSR) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts have also weighed in on the stock. BTIG Research lowered shares of Centerspace from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada cut their price objective on Centerspace from $67.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday. Weiss Ratings upgraded Centerspace from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Piper Sandler lowered their target price on Centerspace from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. Finally, Wells Fargo & Company dropped their target price on Centerspace from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $63.80.

Centerspace Stock Performance

Centerspace stock opened at $56.63 on Friday. Centerspace has a 12-month low of $53.00 and a 12-month high of $69.61. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average price is $56.72 and its two-hundred day moving average price is $61.24. The stock has a market cap of $950.90 million, a PE ratio of 44.95 and a beta of 0.88.

Centerspace (NYSE:CSR) last posted its earnings results on Monday, August 3rd. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. The firm had revenue of $65.78 million during the quarter, compared to analysts’ expectations of $66.29 million. Centerspace had a net margin of 7.97% and a return on equity of 2.58%. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. As a group, analysts expect that Centerspace will post 4.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Rodney Jones-Tyson bought 1,700 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average cost of $55.26 per share, with a total value of $93,942.00. Following the transaction, the director directly owned 7,877 shares in the company, valued at approximately $435,283.02. This trade represents a 27.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Schissel bought 500 shares of Centerspace stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average price of $54.90 per share, for a total transaction of $27,450.00. Following the completion of the acquisition, the director directly owned 17,195 shares of the company’s stock, valued at $944,005.50. The trade was a 2.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Avalon Trust Co grew its holdings in Centerspace by 36.3% during the 1st quarter. Avalon Trust Co now owns 709 shares of the company’s stock worth $41,000 after acquiring an additional 189 shares during the period. Captrust Financial Advisors lifted its stake in shares of Centerspace by 4.9% in the 4th quarter. Captrust Financial Advisors now owns 4,348 shares of the company’s stock valued at $290,000 after purchasing an additional 202 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Centerspace by 1.2% in the 4th quarter. State of Alaska Department of Revenue now owns 17,657 shares of the company’s stock valued at $1,176,000 after purchasing an additional 212 shares during the period. Engineers Gate Manager LP boosted its position in shares of Centerspace by 6.4% during the 4th quarter. Engineers Gate Manager LP now owns 4,091 shares of the company’s stock valued at $273,000 after purchasing an additional 246 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its position in shares of Centerspace by 3.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 6,877 shares of the company’s stock valued at $414,000 after purchasing an additional 247 shares in the last quarter. 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.