Centerspace (NYSE:CSR) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Centerspace (NYSE:CSR) from a neutral rating to an overweight rating in a report released on Tuesday, MarketBeat reports. The firm currently has $72.00 price objective on the stock, up from their previous price objective of $69.00.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Centerspace from $74.00 to $69.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Wall Street Zen cut Centerspace from a “hold” rating to a “strong sell” rating in a report on Saturday, February 21st. UBS Group increased their target price on Centerspace from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Royal Bank Of Canada increased their target price on Centerspace from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $65.00 target price on shares of Centerspace in a report on Monday, January 5th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $68.83.

Centerspace Price Performance

CSR opened at $62.12 on Tuesday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.86. Centerspace has a 12 month low of $52.76 and a 12 month high of $69.15. The company has a fifty day simple moving average of $61.65 and a 200 day simple moving average of $62.65. The stock has a market cap of $1.04 billion, a P/E ratio of 62.12 and a beta of 0.81.

Centerspace (NYSE:CSR) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($1.10) EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($2.31). Centerspace had a net margin of 6.25% and a return on equity of 2.00%. The firm had revenue of $66.62 million during the quarter, compared to the consensus estimate of $69.77 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. On average, research analysts expect that Centerspace will post 4.94 EPS for the current year.

Centerspace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 30th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Monday, March 30th. Centerspace’s dividend payout ratio is 308.00%.

Hedge Funds Weigh In On Centerspace

Large investors have recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings in Centerspace by 57,100.0% during the 4th quarter. Covestor Ltd now owns 572 shares of the company’s stock worth $38,000 after purchasing an additional 571 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Centerspace by 998.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 659 shares of the company’s stock worth $39,000 after buying an additional 599 shares during the last quarter. Danske Bank A S acquired a new position in shares of Centerspace during the 4th quarter worth about $47,000. Kestra Advisory Services LLC acquired a new position in shares of Centerspace during the 4th quarter worth about $58,000. Finally, GAMMA Investing LLC boosted its stake in shares of Centerspace by 107.0% during the 4th quarter. GAMMA Investing LLC now owns 942 shares of the company’s stock worth $63,000 after buying an additional 487 shares during the last quarter. Institutional investors own 79.00% of the company’s stock.

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.