Centerspace (NYSE:CSR) Stock Rating Raised to “Hold” at Zacks Research

Centerspace (NYSE:CSR) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other analysts have also recently commented on CSR. Piper Sandler cut their price target on shares of Centerspace from $58.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday. UBS Group decreased their price target on Centerspace from $68.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday. Weiss Ratings downgraded Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. BTIG Research lowered Centerspace from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 16th. Finally, Wall Street Zen raised Centerspace from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $63.17.

Centerspace Stock Performance

NYSE:CSR opened at $55.48 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.03 and a current ratio of 0.03. Centerspace has a fifty-two week low of $52.00 and a fifty-two week high of $69.61. The company has a 50 day simple moving average of $54.99 and a two-hundred day simple moving average of $58.65. The company has a market capitalization of $933.33 million, a PE ratio of 44.03 and a beta of 0.84.

Centerspace (NYSE:CSR) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.06. Centerspace had a net margin of 7.97% and a return on equity of 2.58%. The company had revenue of $65.78 million during the quarter, compared to analysts’ expectations of $66.29 million. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. Research analysts anticipate that Centerspace will post 4.67 earnings per share for the current year.

Institutional Trading of Centerspace

A number of hedge funds have recently bought and sold shares of the business. Avalon Trust Co boosted its holdings in shares of Centerspace by 36.3% in the 1st quarter. Avalon Trust Co now owns 709 shares of the company’s stock worth $41,000 after buying an additional 189 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Centerspace by 67.4% during the first quarter. Sound Income Strategies LLC now owns 626 shares of the company’s stock worth $36,000 after buying an additional 252 shares during the last quarter. Amundi increased its holdings in Centerspace by 4.4% during the first quarter. Amundi now owns 11,052 shares of the company’s stock worth $635,000 after buying an additional 462 shares during the last quarter. Resona Asset Management Co. Ltd. increased its holdings in Centerspace by 7.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 7,502 shares of the company’s stock worth $431,000 after buying an additional 504 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Centerspace during the second quarter worth about $60,000. 79.00% of the stock is currently owned by institutional investors.

Centerspace Company Profile

Centerspace (NYSE:CSR) is a real estate investment trust that owns, operates and manages apartment communities. The company focuses on providing rental housing and generating income through multifamily properties, with operations concentrated in select markets across the Upper Midwest and Mountain West regions of the United States.

Its portfolio includes apartment communities serving a range of residents and household needs. Centerspace is involved in property management, leasing, resident services, maintenance and the ongoing improvement of its communities.