Centerspace (NYSE:CSR) Receives Consensus Rating of “Hold” from Analysts

Centerspace (NYSE:CSR) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $69.8571.

A number of research firms have recently issued reports on CSR. Piper Sandler cut their target price on shares of Centerspace from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Wall Street Zen raised shares of Centerspace from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Centerspace in a report on Monday, December 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $65.00 target price on shares of Centerspace in a research report on Monday, January 5th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Centerspace in a research note on Wednesday, November 12th.

Hedge Funds Weigh In On Centerspace

Institutional investors and hedge funds have recently modified their holdings of the business. Hilltop National Bank acquired a new stake in Centerspace in the 2nd quarter worth about $29,000. Hantz Financial Services Inc. increased its holdings in shares of Centerspace by 998.3% during the third quarter. Hantz Financial Services Inc. now owns 659 shares of the company’s stock worth $39,000 after purchasing an additional 599 shares during the period. Wolff Wiese Magana LLC raised its position in shares of Centerspace by 897.3% in the second quarter. Wolff Wiese Magana LLC now owns 748 shares of the company’s stock valued at $45,000 after buying an additional 673 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Centerspace by 107.0% in the fourth quarter. GAMMA Investing LLC now owns 942 shares of the company’s stock valued at $63,000 after buying an additional 487 shares during the period. Finally, Versant Capital Management Inc grew its position in 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 buying an additional 1,353 shares in the last quarter. 79.00% of the stock is currently owned by institutional investors and hedge funds.

Centerspace Stock Performance

CSR opened at $64.06 on Wednesday. The company has a quick ratio of 0.18, a current 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. The business has a 50 day moving average of $65.69 and a 200-day moving average of $61.06. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 35.79 and a beta of 0.78.

Centerspace (NYSE:CSR) last posted its earnings results on Monday, November 3rd. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). Centerspace had a return on equity of 3.52% and a net margin of 11.14%.Centerspace has set its FY 2025 guidance at 4.880-4.960 EPS. On average, equities research analysts expect that Centerspace will post 4.94 earnings per share for the current year.

Centerspace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.8%. 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.