Several brokerages have updated their recommendations and price targets on shares of Centerspace (NYSE: CSR) in the last few weeks:
- 8/18/2026 – Centerspace was downgraded by Zacks Research from “hold” to “strong sell”.
- 8/8/2026 – Centerspace was upgraded by Wall Street Zen from “sell” to “hold”.
- 8/5/2026 – Centerspace had its price target lowered by Royal Bank Of Canada from $67.00 to $64.00. They now have an “outperform” rating on the stock.
- 8/4/2026 – Centerspace was upgraded by Weiss Ratings from “hold (c-)” to “hold (c)”.
- 7/22/2026 – Centerspace had its price target lowered by Wells Fargo & Company from $70.00 to $60.00. They now have an “equal weight” rating on the stock.
- 7/21/2026 – Centerspace had its price target lowered by Piper Sandler from $64.00 to $60.00. They now have a “neutral” rating on the stock.
Centerspace Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Monday, June 29th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 5.7%. The ex-dividend date was Monday, June 29th. Centerspace’s dividend payout ratio is presently 244.44%.
Insiders Place Their Bets
In related news, Director Rodney Jones-Tyson purchased 1,700 shares of Centerspace stock in a transaction dated Monday, June 22nd. The shares were acquired at an average price of $55.26 per share, for a total transaction of $93,942.00. Following the acquisition, the director directly owned 7,877 shares in the company, valued at approximately $435,283.02. The trade was a 27.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John A. Schissel purchased 500 shares of Centerspace stock in a transaction dated Thursday, June 18th. The shares were bought at an average price of $54.90 per share, for a total transaction of $27,450.00. Following the acquisition, the director owned 17,195 shares in the company, valued at approximately $944,005.50. This trade represents a 2.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.49% of the stock is owned by company insiders.
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.
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