Centerspace (CSR) – What Are Investment Firms Thinking About This Stock?

Centerspace (NYSE:CSR) has earned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $62.50.

CSR has been the subject of several research analyst reports. UBS Group dropped their price objective on Centerspace from $68.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, October 14th. Compass Point upgraded Centerspace from a “neutral” rating to a “buy” rating and boosted their price target for the company from $64.50 to $80.00 in a report on Wednesday, September 9th. Wells Fargo & Company cut their price objective on Centerspace from $57.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Royal Bank Of Canada cut their target price on Centerspace from $67.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Finally, Zacks Research raised Centerspace from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 13th.

Centerspace Price Performance

CSR opened at $56.65 on Friday. The business has a fifty day moving average price of $55.19 and a 200 day moving average price of $59.71. Centerspace has a 12 month low of $52.00 and a 12 month high of $69.61.

Centerspace (NYSE:CSR) last issued its earnings results 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. The business had revenue of $65.78 million for the quarter, compared to analyst estimates 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 EPS for the current year.

Centerspace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Tuesday, September 29th were issued a $0.77 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $3.08 annualized dividend and a dividend yield of 5.4%.

Institutional Investors Weigh In On Centerspace

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Centerspace in the second quarter worth $167,912,000. Pacific Heights Asset Management LLC purchased a new position in Centerspace in the second quarter valued at about $16,857,000. Bank of New York Mellon Corp purchased a new position in Centerspace in the second quarter valued at about $7,190,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Centerspace during the 2nd quarter worth about $7,009,000. Finally, Legal & General Group Plc acquired a new stake in shares of Centerspace during the 2nd quarter valued at about $5,386,000. 79.00% of the stock is owned by hedge funds and other institutional investors.

Centerspace Company Profile

Centerspace (NYSE:CSR) is a real estate investment trust focused on the ownership, acquisition, development and operation of multifamily apartment communities. The company provides residential housing through a portfolio of apartment properties and generates revenue primarily from rents and related resident services.

Centerspace serves markets in the Mountain West and Midwest, with communities located in states including Colorado, Minnesota, Montana, Nebraska, North Dakota and South Dakota.