Centerspace (NYSE:CSR) Given Consensus Rating of “Hold” by Brokerages

Centerspace (NYSE:CSR) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $74.86.

A number of equities analysts have recently commented on CSR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $76.00 price objective on shares of Centerspace in a research note on Wednesday, October 30th. Raymond James cut Centerspace from an “outperform” rating to a “market perform” rating in a report on Monday, October 21st. Wedbush initiated coverage on Centerspace in a report on Tuesday, December 17th. They set a “neutral” rating and a $72.00 price objective on the stock. Finally, Janney Montgomery Scott upgraded Centerspace from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Wednesday, January 15th.

Centerspace Stock Down 1.0 %

Shares of Centerspace stock opened at $61.67 on Wednesday. The stock has a market capitalization of $1.02 billion, a P/E ratio of -38.31 and a beta of 0.90. Centerspace has a 12-month low of $52.26 and a 12-month high of $76.16. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.70. The stock has a 50 day moving average price of $64.64 and a two-hundred day moving average price of $69.51.

Centerspace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend was Monday, December 30th. Centerspace’s dividend payout ratio is -186.33%.

Institutional Trading of Centerspace

A number of large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Centerspace by 370.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock valued at $25,000 after acquiring an additional 300 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Centerspace by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 579 shares of the company’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in Centerspace by 3,131.6% during the third quarter. Loomis Sayles & Co. L P now owns 614 shares of the company’s stock worth $43,000 after buying an additional 595 shares during the last quarter. KBC Group NV increased its holdings in shares of Centerspace by 75.9% during the fourth quarter. KBC Group NV now owns 1,080 shares of the company’s stock worth $71,000 after buying an additional 466 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Centerspace by 15.2% in the third quarter. Van ECK Associates Corp now owns 2,626 shares of the company’s stock valued at $186,000 after acquiring an additional 347 shares during the last quarter. 79.00% of the stock is currently owned by institutional investors.

About Centerspace

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.