Centerspace (NYSE:CSR) Given analyst consensus recommendation of a “Moderate Buy.”

Shares of Centerspace (NYSE:CSR – Get Free Report) have an average recommendation of “Moderate Buy” from the six analysts that currently cover the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock over the last year is $67.57.

CSR has been the subject of a number of analyst reports. Piper Sandler increased their price target on Centerspace from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Raymond James raised Centerspace from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Friday, May 24th. Compass Point lowered Centerspace from a “buy” rating to a “neutral” rating and raised their price target on the stock from $65.00 to $68.00 in a report on Friday, May 3rd. Finally, Royal Bank of Canada increased their price target on Centerspace from $66.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st.

Check out our latest analysis on Centerspace

Institutional investors weigh in on Centerspace

Several large investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp increased its position in Centerspace by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 13,174 shares of the company’s stock worth $753,000 after purchasing an additional 176 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Centerspace by 4.9% in the first quarter. Daiwa Securities Group Inc. now owns 4,764 shares of the company’s stock worth $272,000 after purchasing an additional 222 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Centerspace by 1.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 23,023 shares of the company’s stock worth $1,366,000 after purchasing an additional 301 shares in the last quarter. SG Americas Securities LLC increased its position in Centerspace by 2.6% in the fourth quarter. SG Americas Securities LLC now owns 12,662 shares of the company’s stock worth $737,000 after purchasing an additional 318 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in Centerspace by 1.6% in the fourth quarter. New York State Common Retirement Fund now owns 20,679 shares of the company’s stock worth $1,204,000 after purchasing an additional 329 shares in the last quarter. Institutional investors own 79.00% of the company’s stock.

Centerspace stock performance

NYSE:CSR opened at $67.63 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.04 and a quick ratio of 0.04. The company has a fifty day simple moving average of $67.84 and a two hundred day simple moving average of $60.62. Centerspace has a 1-year low of $46.74 and a 1-year high of $71.36. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -84.54, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87.

Centerspace (NYSE:CSR – Get Free Report) last posted its earnings results on Monday, April 29th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($1.49). Centerspace had a negative return on equity of 0.73% and a negative net margin of 2.38%. The company had revenue of $64.51 million during the quarter, compared to analyst expectations of $65.30 million. During the same period in the previous year, the company earned $1.07 in earnings per share. On average, analysts expect Centerspace to post 4.86 earnings per share for the current year.

Centerspace announces dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will receive a dividend of $0.75 per share. This represents an annual dividend of $3.00 and a yield of 4.44%. The ex-dividend date for this dividend is Friday, June 28th. Centerspace’s dividend payout ratio is -375.00%.

Centerspace Company Profile

(Get a free report

Centerspace is an owner and operator of apartment communities committed to providing great homes through a focus on integrity and serving others. Founded in 1970, Centerspace owned interests in 71 apartment communities consisting of 12,785 units in Colorado, Minnesota, Montana, Nebraska, North Dakota and South Dakota as of September 30, 2023.

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