Centerspace (NYSE:CSR) Price Target Lowered to $66.00 at Piper Sandler

Centerspace (NYSE:CSR) had its target price decreased by research analysts at Piper Sandler from $68.00 to $66.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price objective points to a potential upside of 10.33% from the company’s current price.

A number of other equities analysts have also recently issued reports on CSR. Weiss Ratings upgraded shares of Centerspace from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday. Wall Street Zen raised shares of Centerspace from a “sell” rating to a “hold” rating in a research note on Saturday. UBS Group cut their price target on shares of Centerspace from $67.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Cantor Fitzgerald initiated coverage on Centerspace in a report on Wednesday, October 1st. They set a “neutral” rating and a $62.00 price objective on the stock. Finally, Wells Fargo & Company lowered their price objective on Centerspace from $68.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Centerspace has an average rating of “Moderate Buy” and a consensus target price of $67.78.

Centerspace Price Performance

Shares of CSR stock opened at $59.82 on Monday. Centerspace has a 12 month low of $52.76 and a 12 month high of $75.92. The company has a market capitalization of $999.17 million, a P/E ratio of -33.23 and a beta of 0.75. The stock has a 50 day moving average of $59.09 and a two-hundred day moving average of $59.62. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.97.

Centerspace (NYSE:CSR) last issued its earnings results on Monday, November 3rd. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). The firm had revenue of $71.40 million during the quarter, compared to analyst estimates of $69.07 million. Centerspace had a negative net margin of 9.13% and a negative return on equity of 2.81%. Centerspace has set its FY 2025 guidance at 4.880-4.960 EPS. As a group, equities analysts expect that Centerspace will post 4.94 EPS for the current year.

Institutional Trading of Centerspace

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hilltop National Bank acquired a new position in Centerspace during the 2nd quarter worth about $29,000. Hantz Financial Services Inc. increased its position 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 raised its stake in shares of Centerspace by 897.3% in the second quarter. Wolff Wiese Magana LLC now owns 748 shares of the company’s stock worth $45,000 after acquiring an additional 673 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Centerspace during the first quarter worth approximately $86,000. Finally, Versant Capital Management Inc lifted its position in shares of Centerspace by 488.4% during the third 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. 79.00% of the stock is currently owned by institutional investors and hedge funds.

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.