Zacks Research Upgrades Centerspace (NYSE:CSR) to “Hold”

Centerspace (NYSE:CSR) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

Other equities research analysts have also issued reports about the company. UBS Group decreased their target price on Centerspace from $68.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday. Cantor Fitzgerald reissued a “neutral” rating and issued a $57.00 price target on shares of Centerspace in a report on Thursday, September 10th. Weiss Ratings lowered shares of Centerspace from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Wells Fargo & Company decreased their price objective on shares of Centerspace from $60.00 to $57.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Finally, Piper Sandler lowered their price objective on shares of Centerspace from $58.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $63.17.

Centerspace Trading Down 1.0%

NYSE:CSR opened at $55.48 on Tuesday. Centerspace has a 52 week low of $52.00 and a 52 week high of $69.61. The firm has a 50-day moving average price of $54.99 and a two-hundred day moving average price of $58.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market cap of $933.33 million, a price-to-earnings ratio of 44.03 and a beta of 0.84.

Centerspace (NYSE:CSR) last announced its earnings results on Monday, August 3rd. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. The firm had revenue of $65.78 million for the quarter, compared to the consensus estimate of $66.29 million. Centerspace had a return on equity of 2.58% and a net margin of 7.97%. Centerspace has set its FY 2026 guidance at 4.580-4.680 EPS. On average, equities analysts expect that Centerspace will post 4.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CSR. Sound Income Strategies LLC lifted its stake in shares of Centerspace by 67.4% during the 1st quarter. Sound Income Strategies LLC now owns 626 shares of the company’s stock valued at $36,000 after buying an additional 252 shares in the last quarter. Avalon Trust Co grew its stake in Centerspace by 36.3% in the 1st quarter. Avalon Trust Co now owns 709 shares of the company’s stock valued at $41,000 after buying an additional 189 shares in the last quarter. State of Wyoming purchased a new position in Centerspace in the 2nd quarter valued at approximately $60,000. IFM Investors Pty Ltd purchased a new position in Centerspace in the 1st quarter valued at approximately $156,000. Finally, Cetera Investment Advisers bought a new stake in Centerspace during the 1st quarter valued at $208,000. Institutional investors own 79.00% of the company’s stock.

Centerspace Company Profile

Centerspace (NYSE:CSR) is a real estate investment trust that owns, operates and manages apartment communities. The company focuses on providing rental housing and generating income through multifamily properties, with operations concentrated in select markets across the Upper Midwest and Mountain West regions of the United States.

Its portfolio includes apartment communities serving a range of residents and household needs. Centerspace is involved in property management, leasing, resident services, maintenance and the ongoing improvement of its communities.