Centerspace (NYSE:CSR) Raised to Overweight at Piper Sandler
by Scott Moore · The Cerbat GemCenterspace (NYSE:CSR – Get Free Report) was upgraded by research analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a research note issued on Tuesday,Benzinga reports. The firm currently has a $72.00 price objective on the stock, up from their prior price objective of $69.00. Piper Sandler’s price target would suggest a potential upside of 20.98% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $65.00 price objective on shares of Centerspace in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Centerspace in a research note on Monday, December 29th. Wall Street Zen lowered shares of Centerspace from a “hold” rating to a “strong sell” rating in a report on Saturday, February 21st. Royal Bank Of Canada raised their price target on shares of Centerspace from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Finally, UBS Group raised their price target on shares of Centerspace from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $68.83.
Read Our Latest Stock Analysis on CSR
Centerspace Stock Performance
Shares of CSR opened at $59.52 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a market capitalization of $998.08 million, a P/E ratio of 59.52 and a beta of 0.81. The company’s fifty day moving average is $61.83 and its two-hundred day moving average is $62.65. Centerspace has a 1 year low of $52.76 and a 1 year high of $69.15.
Centerspace (NYSE:CSR – Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($1.10) earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($2.31). Centerspace had a return on equity of 2.00% and a net margin of 6.25%.The company had revenue of $66.62 million for the quarter, compared to analyst estimates of $69.77 million. Centerspace has set its FY 2026 guidance at 4.810-5.050 EPS. On average, sell-side analysts predict that Centerspace will post 4.94 earnings per share for the current year.
Hedge Funds Weigh In On Centerspace
A number of hedge funds have recently added to or reduced their stakes in the business. Doliver Advisors LP boosted its holdings in Centerspace by 3.0% in the fourth quarter. Doliver Advisors LP now owns 5,930 shares of the company’s stock worth $396,000 after purchasing an additional 170 shares during the period. Amalgamated Bank raised its position in shares of Centerspace by 4.1% during the 3rd quarter. Amalgamated Bank now owns 4,927 shares of the company’s stock worth $290,000 after purchasing an additional 194 shares during the period. Captrust Financial Advisors raised its position in shares of Centerspace by 4.9% during the 4th quarter. Captrust Financial Advisors now owns 4,348 shares of the company’s stock worth $290,000 after purchasing an additional 202 shares during the period. State of Alaska Department of Revenue raised its position in shares of Centerspace by 1.2% during the 4th quarter. State of Alaska Department of Revenue now owns 17,657 shares of the company’s stock worth $1,176,000 after purchasing an additional 212 shares during the period. Finally, Engineers Gate Manager LP raised its position in shares of Centerspace by 6.4% during the 4th quarter. Engineers Gate Manager LP now owns 4,091 shares of the company’s stock worth $273,000 after purchasing an additional 246 shares during the period. Institutional investors and hedge funds 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.