Centerspace (CSR) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $68.18 to $70.84
• 50-Day Range: $66.76 to $75.02
• 52-Week Range: $52.26 to $76.16
• Volume: 110,571 shs
• Average Volume: 104,469 shs
• Market Capitalization: $1.13 billion
• P/E Ratio: N/A
• Dividend Yield: 4.39%
• Price Target: $75.33
• Consensus Rating: Hold

Centerspace Stock Analysis - MarketRank™

Centerspace scored higher than 54% of companies evaluated by MarketBeat, and ranked 596th out of 959 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Centerspace has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Centerspace has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: 2.26%

Earnings Growth

Earnings for Centerspace are expected to grow by 2.26% in the coming year, from $4.86 to $4.97 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Centerspace is -42.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Centerspace is -42.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Centerspace has a PEG Ratio of 2.05. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Centerspace has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.47% of the outstanding shares of Centerspace have been sold short.

Short Interest Ratio / Days to Cover

Centerspace has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Centerspace has recently decreased by 0.65%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Centerspace is a leading dividend payer. It pays a dividend yield of 4.32%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Centerspace does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Centerspace will have a dividend payout ratio of 60.36% next year. This indicates that Centerspace will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.47% of the outstanding shares of Centerspace have been sold short.

Short Interest Ratio / Days to Cover

Centerspace has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Centerspace has recently decreased by 0.65%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.92

News Sentiment

Centerspace has a news sentiment score of 0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Centerspace this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Centerspace insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.92% of the stock of Centerspace is held by insiders.

Percentage Held by Institutions

79.00% of the stock of Centerspace is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CSR Stock Analysis - Frequently Asked Questions

How have CSR shares performed this year?

Centerspace's stock was trading at $58.20 at the beginning of the year. Since then, CSR shares have increased by 17.4% and is now trading at $68.31.
View the best growth stocks for 2024 here.

How were Centerspace's earnings last quarter?

Centerspace (NYSE:CSR) issued its quarterly earnings results on Monday, October, 28th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of $1.17 by $1.57. The company had revenue of $65.03 million for the quarter, compared to analyst estimates of $66.35 million. Centerspace had a negative trailing twelve-month return on equity of 1.72% and a negative net margin of 5.57%.

Who are Centerspace's major shareholders?

Top institutional investors of Centerspace include Wellington Management Group LLP (6.15%), State Street Corp (5.42%), Geode Capital Management LLC (2.34%) and Charles Schwab Investment Management Inc. (1.66%). Insiders that own company stock include Mark Okey Decker Jr, John A Schissel, Mary J Twinem and Rodney Jones-Tyson.
View institutional ownership trends.

How do I buy shares of Centerspace?

Shares of CSR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Centerspace own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Centerspace investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Broadcom (AVGO) and Exxon Mobil (XOM).

Company Calendar

• Ex-Dividend for 10/10 Dividend: 9/30/2024
• Dividend Payable: 10/10/2024
• Last Earnings: 10/28/2024
• Today: 12/17/2024
• Ex-Dividend for 1/13 Dividend: 12/30/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/13/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:CSR
• CUSIP: N/A
• CIK: 798359
• Web: www.iretapartments.com
• Phone: (701) 837-4738
• Fax: 701-838-7785
• Employees: 470
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $75.33
• High Stock Price Target: $82.00
• Low Stock Price Target: $68.00
• Potential Upside/Downside: +10.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.61)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 14.06
• P/E Growth: 2.05
• Net Income: $41.97 million
• Net Margins: -5.57%
• Pretax Margin: -7.07%
• Return on Equity: -1.72%
• Return on Assets: -0.76%

Debt

• Debt-to-Equity Ratio: 0.70
• Current Ratio: 0.05
• Quick Ratio: 0.05

Sales & Book Value

• Annual Sales: $258.64 million
• Price / Sales: 4.38
• Cash Flow: $9.42 per share
• Price / Cash Flow: 7.25
• Book Value: $55.64 per share
• Price / Book: 1.23

Miscellaneous

• Outstanding Shares: 16,572,000
• Free Float: 16,420,000
• Market Cap: $1.13 billion
• Optionable: Optionable
• Beta: 0.89