Centerspace (NYSE:CSR) Now Covered by Analysts at Wedbush

Stock analysts at Wedbush assumed coverage on shares of Centerspace (NYSE:CSR - Get Free Report) in a report released on Tuesday, MarketBeat.com reports. The brokerage set a "neutral" rating and a $72.00 price target on the stock. Wedbush's price target would suggest a potential upside of 5.40% from the company's current price.

Several other research analysts have also weighed in on CSR. Raymond James lowered shares of Centerspace from an "outperform" rating to a "market perform" rating in a report on Monday, October 21st. Royal Bank of Canada reissued an "outperform" rating and set a $76.00 target price on shares of Centerspace in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Centerspace presently has a consensus rating of "Hold" and an average target price of $75.33.

Centerspace Trading Down 1.5 %

Centerspace stock traded down $1.04 during trading on Tuesday, hitting $68.31. The company's stock had a trading volume of 110,571 shares, compared to its average volume of 104,469. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -42.43, a P/E/G ratio of 2.05 and a beta of 0.89. The stock's fifty day moving average is $71.17 and its 200 day moving average is $71.00. Centerspace has a 1-year low of $52.26 and a 1-year high of $76.16.

Centerspace (NYSE:CSR - Get Free Report) last issued its earnings results on Monday, October 28th. The company reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by ($1.57). Centerspace had a negative net margin of 5.57% and a negative return on equity of 1.72%. The firm had revenue of $65.03 million during the quarter, compared to analyst estimates of $66.35 million. During the same quarter in the previous year, the business posted $1.20 EPS. As a group, equities research analysts predict that Centerspace will post 4.86 EPS for the current year.

Hedge Funds Weigh In On Centerspace

Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its stake in Centerspace by 11.1% during the 3rd quarter. Franklin Resources Inc. now owns 9,957 shares of the company's stock valued at $708,000 after acquiring an additional 992 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Centerspace during the third quarter valued at about $339,000. Geode Capital Management LLC grew its position in Centerspace by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 387,517 shares of the company's stock valued at $27,314,000 after buying an additional 11,749 shares in the last quarter. Barclays PLC increased its stake in Centerspace by 1,553.4% during the 3rd quarter. Barclays PLC now owns 102,859 shares of the company's stock valued at $7,249,000 after buying an additional 96,638 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Centerspace by 3.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,070 shares of the company's stock worth $1,555,000 after acquiring an additional 720 shares during the period. 79.00% of the stock is currently owned by institutional investors and hedge funds.

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.