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

Shares of Centerspace (NYSE:CSR) have received a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $63.80.

CSR has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Centerspace from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings upgraded shares of Centerspace from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. BTIG Research cut shares of Centerspace from a “buy” rating to a “neutral” rating in a report on Tuesday, June 16th. Piper Sandler dropped their target price on shares of Centerspace from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of Centerspace from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Insider Activity

In other news, Director Rodney Jones-Tyson bought 1,700 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were acquired at an average price of $55.26 per share, for a total transaction of $93,942.00. Following the completion of the transaction, the director owned 7,877 shares of the company’s stock, valued at approximately $435,283.02. This trade represents a 27.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John A. Schissel bought 500 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were purchased at an average price of $54.90 per share, for a total transaction of $27,450.00. Following the transaction, the director directly owned 17,195 shares of the company’s stock, valued at approximately $944,005.50. This represents a 2.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd boosted its holdings in shares of Centerspace by 57,100.0% in the fourth quarter. Covestor Ltd now owns 572 shares of the company’s stock valued at $38,000 after acquiring an additional 571 shares during the period. Sound Income Strategies LLC raised its position in Centerspace by 67.4% in the 1st quarter. Sound Income Strategies LLC now owns 626 shares of the company’s stock valued at $36,000 after purchasing an additional 252 shares during the last quarter. Danske Bank A S purchased a new stake in Centerspace in the 4th quarter valued at $47,000. Avalon Trust Co boosted its stake 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 purchasing an additional 189 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Centerspace during the 4th quarter worth $58,000. Institutional investors and hedge funds own 79.00% of the company’s stock.

Centerspace Trading Down 0.1%

CSR opened at $55.86 on Friday. Centerspace has a one year low of $53.81 and a one year high of $69.61. The company has a market cap of $937.86 million, a P/E ratio of 44.33 and a beta of 0.88. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.03 and a current ratio of 0.03. The business’s 50-day simple moving average is $56.14 and its 200-day simple moving average is $60.94.

Centerspace (NYSE:CSR) last posted 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 firm had revenue of $65.78 million during the quarter, compared to analysts’ expectations of $66.29 million. Centerspace had a return on equity of 2.58% and a net margin of 7.97%.Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. As a group, equities research analysts expect that Centerspace will post 4.63 EPS for the current fiscal year.

Centerspace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Monday, June 29th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $3.08 annualized dividend and a dividend yield of 5.5%. Centerspace’s dividend payout ratio (DPR) is presently 244.44%.

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.