Centerspace (NYSE:CSR) Receives Consensus Rating of "Hold" from Brokerages

Centerspace (NYSE:CSR - Get Free Report) has received an average rating of "Hold" from the seven analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $74.86.

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

Centerspace Stock Performance

Centerspace stock traded down $0.62 during midday trading on Wednesday, reaching $61.67. 60,358 shares of the company traded hands, compared to its average volume of 81,020. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.05 and a quick ratio of 0.05. Centerspace has a 12 month low of $52.26 and a 12 month high of $76.16. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -38.31 and a beta of 0.90. The business has a 50 day moving average of $64.64 and a two-hundred day moving average of $69.50.

Centerspace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Monday, December 30th. Centerspace's dividend payout ratio (DPR) is currently -186.33%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CSR. Smartleaf Asset Management LLC lifted its stake in shares of Centerspace by 370.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company's stock worth $25,000 after acquiring an additional 300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Centerspace by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 579 shares of the company's stock valued at $41,000 after purchasing an additional 150 shares during the period. Loomis Sayles & Co. L P grew its holdings in shares of Centerspace by 3,131.6% in the third quarter. Loomis Sayles & Co. L P now owns 614 shares of the company's stock worth $43,000 after purchasing an additional 595 shares during the last quarter. KBC Group NV increased its stake in Centerspace by 75.9% in the 4th quarter. KBC Group NV now owns 1,080 shares of the company's stock worth $71,000 after buying an additional 466 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Centerspace by 15.2% during the 3rd quarter. Van ECK Associates Corp now owns 2,626 shares of the company's stock valued at $186,000 after buying an additional 347 shares in the last quarter. Hedge funds and other institutional investors 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.