Centerspace (NYSE:CSR) Receives $69.38 Average PT from Brokerages

Centerspace (NYSE:CSR) has earned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $69.3750.

A number of brokerages have weighed in on CSR. UBS Group upped their price objective on shares of Centerspace from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, November 10th. Cantor Fitzgerald restated a “neutral” rating on shares of Centerspace in a research note on Wednesday, November 12th. Piper Sandler reduced their price objective on Centerspace from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Centerspace in a research note on Monday. Finally, Wall Street Zen upgraded Centerspace from a “sell” rating to a “hold” rating in a report on Saturday, November 8th.

Institutional Investors Weigh In On Centerspace

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Centerspace by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 224,583 shares of the company’s stock valued at $13,228,000 after acquiring an additional 21,337 shares in the last quarter. Capital Square LLC boosted its stake in Centerspace by 3.0% during the 3rd quarter. Capital Square LLC now owns 8,620 shares of the company’s stock valued at $508,000 after purchasing an additional 253 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Centerspace in the 3rd quarter worth $528,000. Abel Hall LLC purchased a new position in shares of Centerspace in the third quarter worth $260,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Centerspace by 2.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 39,773 shares of the company’s stock worth $2,291,000 after purchasing an additional 898 shares during the last quarter. Hedge funds and other institutional investors own 79.00% of the company’s stock.

Centerspace Price Performance

CSR stock opened at $66.79 on Friday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 37.31 and a beta of 0.78. The firm’s 50-day moving average price is $64.20 and its two-hundred day moving average price is $60.56. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.96. Centerspace has a 12-month low of $52.76 and a 12-month high of $69.15.

Centerspace (NYSE:CSR) last announced 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). Centerspace had a net margin of 11.14% and a return on equity of 3.52%. Centerspace has set its FY 2025 guidance at 4.880-4.960 EPS. As a group, equities analysts predict that Centerspace will post 4.94 earnings per share for the current year.

Centerspace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, December 30th. Centerspace’s dividend payout ratio (DPR) is currently 172.07%.

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.