Centerspace (NYSE:CSR) Upgraded by Wall Street Zen to Sell Rating

by · The Cerbat Gem

Wall Street Zen upgraded shares of Centerspace (NYSE:CSR – Free Report) from a strong sell rating to a sell rating in a research report report published on Sunday morning.

Several other research firms have also weighed in on CSR. Royal Bank Of Canada lifted their target price on shares of Centerspace from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Centerspace from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Wells Fargo & Company cut their price objective on shares of Centerspace from $74.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. UBS Group boosted their price objective on shares of Centerspace from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Piper Sandler upgraded shares of Centerspace from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $69.00 to $72.00 in a report on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.40.

Check Out Our Latest Stock Report on Centerspace

Centerspace Stock Performance

NYSE:CSR opened at $67.02 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 148.94 and a beta of 0.89. The firm’s fifty day simple moving average is $62.97 and its 200 day simple moving average is $63.88. Centerspace has a twelve month low of $52.76 and a twelve month high of $69.61.

Centerspace (NYSE:CSR – Get Free Report) last posted its earnings results on Monday, May 4th. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.48). The business had revenue of $65.07 million for the quarter, compared to analyst estimates of $66.54 million. Centerspace had a net margin of 2.93% and a return on equity of 0.94%. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. As a group, equities research analysts expect that Centerspace will post 4.85 earnings per share for the current fiscal year.

Centerspace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Monday, March 30th were issued a $0.77 dividend. The ex-dividend date was Monday, March 30th. This represents a $3.08 dividend on an annualized basis and a yield of 4.6%. Centerspace’s payout ratio is currently 684.44%.

Hedge Funds Weigh In On Centerspace

A number of institutional investors have recently added to or reduced their stakes in CSR. Sound Income Strategies LLC raised its stake in shares of Centerspace by 67.4% in the 1st quarter. Sound Income Strategies LLC now owns 626 shares of the company’s stock valued at $36,000 after purchasing an additional 252 shares in the last quarter. Covestor Ltd raised its stake in shares of Centerspace by 57,100.0% in the 4th quarter. Covestor Ltd now owns 572 shares of the company’s stock valued at $38,000 after purchasing an additional 571 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Centerspace by 998.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 659 shares of the company’s stock valued at $39,000 after purchasing an additional 599 shares in the last quarter. Avalon Trust Co raised its stake in shares of 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 purchasing an additional 189 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Centerspace in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 79.00% of the company’s stock.

About Centerspace

(Get Free Report)

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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